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 $ 2,107.92
$ 18.59B
$ 18.59 billion
-2.15%
2 Wrapped BTC WBTC $ 69,035.90
$ 9.49B
$ 9.49 billion
-2.26%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.13%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,593.60
$ 8.28B
$ 8.28 billion
-2.13%
5 Wrapped eETH weETH $ 2,298.28
$ 6.54B
$ 6.54 billion
-2.22%
6 Wrapped Ether WETH $ 2,108.86
$ 5.61B
$ 5.61 billion
-2.16%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.09%
8 Coinbase Wrapped BTC CBBTC $ 69,174.04
$ 3.04B
$ 3.04 billion
-2.26%
9 Bitcoin BEP2 BTCB $ 69,209.27
$ 2.91B
$ 2.91 billion
-2.14%
10 Jito Staked SOL JITOSOL $ 111.90
$ 1.26B
$ 1.26 billion
-2.17%
11 Wrapped BNB WBNB $ 633.91
$ 893.25M
$ 893.25 million
-1.38%
12 Rocket Pool ETH RETH $ 2,447.16
$ 878.29M
$ 878.29 million
-2.04%
13 Lombard Staked Bitcoin LBTC $ 69,361.63
$ 735.80M
$ 735.80 million
-2.19%
14 tBTC v2 TBTC $ 69,163.91
$ 408.96M
$ 408.96 million
-2.24%
15 Binance-Peg XRP Token XRP $ 1.41
$ 318.90M
$ 318.90 million
-2.31%
16 Coinbase Wrapped Staked ETH CBETH $ 2,373.77
$ 285.33M
$ 285.33 million
-2.13%
17 Bitcoin Avalanche Bridged BTC.b $ 69,173.73
$ 265.90M
$ 265.90 million
-2.29%
18 Marinade staked SOL MSOL $ 120.57
$ 251.27M
$ 251.27 million
-2.13%
19 Wrapped Solana SOL $ 88.22
$ 132.32M
$ 132.32 million
-2.24%
20 Wrapped AVAX WAVAX $ 9.27
$ 130.66M
$ 130.66 million
-3.80%
21 BybitSOL BBSOL $ 100.52
$ 109.74M
$ 109.74 million
-2.27%
22 Wrapped Centrifuge CFG $ 0.138
$ 79.58M
$ 79.58 million
-6.64%
23 Wrapped TAO WTAO $ 277.87
$ 32.90M
$ 32.90 million
+1.30%
24 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.12M
$ 30.12 million
-2.51%
25 Wrapped Matic WMATIC $ 0.0944
$ 13.43M
$ 13.43 million
-2.87%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.02%
27 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+0.22%

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

28 Binance Staked SOL BNSOL $ 97.38
$ 830.05M
$ 830.05 million
-2.24%
29 Mantle Staked Ether METH $ 2,303.74
$ 490.50M
$ 490.50 million
-1.48%
30 Solv BTC SOLVBTC $ 69,092.96
$ 453.98M
$ 453.98 million
-2.21%
31 Jupiter Staked SOL JUPSOL $ 103.67
$ 377.44M
$ 377.44 million
-2.24%
32 ckBTC ckBTC $ 69,276.09
$ 32.67M
$ 32.67 million
-1.06%
33 Wrapped NXM WNXM $ 53.27
$ 25.75M
$ 25.75 million
-3.35%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.37%
35 renBTC RENBTC $ 4,296.14
$ 1.31M
$ 1.31 million
-1.70%
36 ckETH ckETH $ 2,108.46
$ 1.30M
$ 1.30 million
-1.44%
37 ckOCT CKOCT $ 0.00237
$ 41.87T
$ 41.87 trillion
-1.22%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,680.85
$ 41.85T
$ 41.85 trillion
-2.88%
39 Wrapped BTC (BitGo) WBTC $ 68,949.18
$ 8.25B
$ 8.25 billion
-2.01%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.16%
41 Wrapped Binance Beacon ETH WBETH $ 2,305.21
$ 3.00B
$ 3.00 billion
-2.12%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.06%
43 USDC (Avalance) USDC $ 0.999
$ 720.90M
$ 720.90 million
+0.02%
44 Wrapped BTC (Wormhole) WBTC $ 69,074.05
$ 255.74M
$ 255.74 million
-2.22%
45 Binance Wrapped BTC BBTC $ 69,015.37
$ 200.14M
$ 200.14 million
-2.48%
46 Gate Wrapped BTC GTBTC $ 69,395.36
$ 159.58M
$ 159.58 million
-2.23%
47 TRON peg TRX $ 0.309
$ 92.35M
$ 92.35 million
-0.71%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,260.92
$ 71.02M
$ 71.02 million
-1.57%
49 Binance-Peg Bitcoin Cash Token BCH $ 464.61
$ 44.84M
$ 44.84 million
-0.65%
50 Wrapped BTC WBTC.E $ 68,970.39
$ 30.21M
$ 30.21 million
-2.57%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 277.87
$ 32.90M
$ 32.90 million
+1.30%
Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+0.22%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.13%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.02%
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.09%
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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