Wrapped coins

3 coins #18

Wrapped tokens are digital versions of assets like cryptocurrencies and gold on the blockchain, allowing direct and secure trading. More

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# Coins Price Market cap 24h
1 Lido Staked Ether stETH $ 2,058.26
$ 18.15B
$ 18.15 billion
+0.31%
2 Wrapped BTC WBTC $ 69,777.17
$ 9.59B
$ 9.59 billion
+1.42%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.28%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,527.17
$ 8.07B
$ 8.07 billion
+0.37%
5 Wrapped eETH weETH $ 2,235.63
$ 6.36B
$ 6.36 billion
+0.05%
6 Wrapped Ether WETH $ 2,060.55
$ 5.48B
$ 5.48 billion
+0.36%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.79B
$ 3.79 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 69,977.17
$ 3.08B
$ 3.08 billion
+1.51%
9 Bitcoin BEP2 BTCB $ 69,975.15
$ 2.73B
$ 2.73 billion
+1.52%
10 Jito Staked SOL JITOSOL $ 111.56
$ 1.25B
$ 1.25 billion
+4.21%
11 Wrapped BNB WBNB $ 633.82
$ 893.53M
$ 893.53 million
+2.76%
12 Rocket Pool ETH RETH $ 2,379.99
$ 854.14M
$ 854.14 million
+0.11%
13 Lombard Staked Bitcoin LBTC $ 69,969.68
$ 738.61M
$ 738.61 million
+1.37%
14 Solv BTC SOLVBTC $ 69,309.53
$ 581.76M
$ 581.76 million
+0.67%
15 Mantle Staked Ether METH $ 2,242.08
$ 477.38M
$ 477.38 million
+0.68%
16 Jupiter Staked SOL JUPSOL $ 102.86
$ 430.79M
$ 430.79 million
+3.60%
17 tBTC v2 TBTC $ 69,538.30
$ 411.17M
$ 411.17 million
+1.01%
18 Binance-Peg XRP Token XRP $ 1.53
$ 374.66M
$ 374.66 million
+8.05%
19 Marinade staked SOL MSOL $ 119.46
$ 302.32M
$ 302.32 million
+3.50%
20 Coinbase Wrapped Staked ETH CBETH $ 2,313.59
$ 290.90M
$ 290.90 million
+0.49%
21 Wrapped Solana SOL $ 88.63
$ 165.66M
$ 165.66 million
+4.31%
22 Wrapped AVAX WAVAX $ 9.61
$ 159.15M
$ 159.15 million
+4.62%
23 BybitSOL BBSOL $ 100.41
$ 142.28M
$ 142.28 million
+4.26%
24 Wrapped Centrifuge CFG $ 0.0861
$ 49.50M
$ 49.50 million
+4.88%
25 Coinbase Wrapped XRP CBXRP $ 1.52
$ 32.41M
$ 32.41 million
+7.87%
26 Wrapped TAO WTAO $ 188.62
$ 22.33M
$ 22.33 million
+0.73%
27 Wrapped Matic WMATIC $ 0.109
$ 15.53M
$ 15.53 million
+8.11%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.04%
29 Wrapped NCG WNCG $ 0.00608
$ 1.95M
$ 1.95 million
+1.09%

The coins below are ranked lower due to missing data. Learn more

30 Wrapped TRON WTRX $ 0.281
$ 3.61B
$ 3.61 billion
-0.42%
31 Binance Staked SOL BNSOL $ 97.30
$ 954.52M
$ 954.52 million
+4.39%
32 Bitcoin Avalanche Bridged BTC.b $ 69,925.54
$ 268.79M
$ 268.79 million
+1.47%
33 ckBTC ckBTC $ 70,006.40
$ 33.04M
$ 33.04 million
+1.60%
34 Wrapped NXM WNXM $ 52.76
$ 25.51M
$ 25.51 million
+1.56%
35 ckUSDC CKUSDC $ 1.03
$ 1.92M
$ 1.92 million
+4.50%
36 ckETH ckETH $ 2,079.81
$ 1.29M
$ 1.29 million
+2.13%
37 renBTC RENBTC $ 3,249.73
$ 989,536
$ 989,536
+0.55%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,988.35
$ 44.60T
$ 44.60 trillion
+0.03%
39 Wrapped DOGE WDOGE $ 0.134
$ 17.30B
$ 17.30 billion
+17.82%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,243.46
$ 2.92B
$ 2.92 billion
+0.27%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.04%
43 USDC (Avalance) USDC $ 0.999
$ 720.88M
$ 720.88 million
-0.07%
44 Wrapped BTC (Wormhole) WBTC $ 69,775.23
$ 278.92M
$ 278.92 million
+1.43%
45 Binance Wrapped BTC BBTC $ 69,740.83
$ 202.25M
$ 202.25 million
+1.17%
46 Gate Wrapped BTC GTBTC $ 70,216.71
$ 161.47M
$ 161.47 million
+1.58%
47 Wrapped Fantom WFTM $ 0.0578
$ 126.43M
$ 126.43 million
-4.35%
48 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.43M
$ 91.43 million
-0.07%
49 TRON peg TRX $ 0.282
$ 84.21M
$ 84.21 million
-0.04%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,198.03
$ 69.04M
$ 69.04 million
+0.80%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.109
$ 15.53M
$ 15.53 million
+8.11%
Binance-Peg XRP Token XRP $ 1.53
$ 374.66M
$ 374.66 million
+8.05%
Coinbase Wrapped XRP CBXRP $ 1.52
$ 32.41M
$ 32.41 million
+7.87%
Wrapped Centrifuge CFG $ 0.0861
$ 49.50M
$ 49.50 million
+4.88%
Wrapped AVAX WAVAX $ 9.61
$ 159.15M
$ 159.15 million
+4.62%
All Gainers

What is a wrapped token?

A wrapped token is a blockchain-backed IOU that represents—at a 1:1 ratio—an asset living on another chain or outside the crypto ecosystem entirely.
Smart contracts lock the original asset (BTC, ETH, gold, even real-estate) and mint an equivalent ERC-20, BEP-20, SPL, etc. token so it can trade in DeFi, collateralise loans, or be used in dApps while preserving the price of the underlying collateral.

Quick Facts

  • Purpose: Move non-native or illiquid assets onto faster, programmable chains (mainly Ethereum).
  • Backing: 1:1 custodial or decentralised vault; auditable on-chain.
  • Common standards: ERC-20 (WBTC, WETH), BEP-20 (BBTC), SPL (soBTC).
  • Market size: >$15 B in wrapped BTC alone; >$25 B across all wrapped assets.
  • Key benefit: Interoperability + composability with DeFi (DEX, lend, derivatives).

Top Wrapped Tokens (Live Examples)

Token Ticker Original Asset Host Chain 2024 TVL / Issuance
Wrapped BTC WBTC Bitcoin (BTC) Ethereum 154 k BTC (~$9 B)
Wrapped ETH WETH Ether (ETH) Ethereum 4.2 M ETH (~$11 B)
renBTC renBTC Bitcoin Ethereum 1.1 k BTC (decreasing)
BBTC BBTC Bitcoin BNB Chain 12 k BTC
soBTC soBTC Bitcoin Solana 2.4 k BTC
Wrapped DOT WDOT Polkadot (DOT) Ethereum 1.8 M DOT
Wrapped AVAX WAVAX Avalanche (AVAX) Ethereum / Avalanche 3.7 M AVAX

How It Works

  1. Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
  2. Custody locks the asset in a multi-sig or MPC vault; emits event.
  3. Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
  4. Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
  5. Redeem by burning wrapped token; original asset unlocked and returned.

Benefits

  • DeFi composability – BTC can become collateral for DAI loans or yield farm.
  • Cross-chain liquidity – move value from slow chains to fast, low-fee L2s.
  • Fractional access – tokenise $2 k of gold instead of buying a full bar.
  • 24/7 settlement – no T+2 clearing; trades atomic on DEXs.
  • Transparent reserves – on-chain proof-of-assets; real-time audits.

Risks & Trade-offs

  • Custodial risk – bridge or multi-sig hack can leave wrapped tokens unbacked (e.g., Ronin, Wormhole exploits).
  • Centralisation – WBTC custodian BitGo controls keys; regulatory seizure possible.
  • de-peg events – during high volatility wrapped asset can trade 1–3 % below native (e.g., WBTC vs BTC).
  • Mint/burn fees – custodian plus gas can outweigh small trades.
  • Bridge fragmentation – liquidity splits across WBTC, renBTC, tBTC, etc., hurting depth.
  • Legal uncertainty – wrapped securities or real-estate may breach securities laws.

Final Thoughts

Wrapped tokens are the interoperability layer of DeFi: they let BTC, gold, or even NFTs ride on programmable rails, unlocking yield, leverage, and lightning-fast swaps.
The trade-off is counter-party risk; always check custodian audits, insurance coverage, and bridge decentralisation before parking capital.
If the wrapping process becomes trust-minimised (zk-proof bridges), expect wrapped assets to underpin the next wave of cross-chain finance.

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