Wrapped coins 3 coins
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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 $ 1,967.33 $ 17.35B
$ 17.35 billion -5.03% 2 Wrapped BTC WBTC $ 68,556.87 $ 9.42B
$ 9.42 billion -2.14% 3 Binance-Peg BSC-USD BSC-USD $ 0.997 $ 8.99B
$ 8.99 billion -0.38% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,411.97 $ 7.70B
$ 7.70 billion -5.36% 5 Wrapped eETH weETH $ 2,139.97 $ 6.09B
$ 6.09 billion -5.05% 6 Wrapped Ether WETH $ 1,967.90 $ 5.23B
$ 5.23 billion -4.97% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.79B
$ 3.79 billion +0.10% 8 Coinbase Wrapped BTC CBBTC $ 68,700.23 $ 3.02B
$ 3.02 billion -2.21% 9 Bitcoin BEP2 BTCB $ 68,763.54 $ 2.68B
$ 2.68 billion -2.29% 10 Jito Staked SOL JITOSOL $ 107.59 $ 1.21B
$ 1.21 billion -4.07% 11 Wrapped BNB WBNB $ 616.11 $ 868.46M
$ 868.46 million -3.46% 12 Rocket Pool ETH RETH $ 2,270.96 $ 815.01M
$ 815.01 million -5.05% 13 Lombard Staked Bitcoin LBTC $ 68,403.76 $ 722.07M
$ 722.07 million -2.41% 14 Mantle Staked Ether METH $ 2,146.16 $ 456.17M
$ 456.17 million -5.21% 15 tBTC v2 TBTC $ 68,569.04 $ 405.44M
$ 405.44 million -1.97% 16 Binance-Peg XRP Token XRP $ 1.46 $ 359.41M
$ 359.41 million -5.05% 17 Marinade staked SOL MSOL $ 115.87 $ 293.22M
$ 293.22 million -4.01% 18 Coinbase Wrapped Staked ETH CBETH $ 2,206.22 $ 277.40M
$ 277.40 million -5.01% 19 Wrapped Solana SOL $ 85.40 $ 159.62M
$ 159.62 million -3.73% 20 Wrapped AVAX WAVAX $ 9.29 $ 153.62M
$ 153.62 million -3.29% 21 BybitSOL BBSOL $ 96.99 $ 137.34M
$ 137.34 million -3.54% 22 Wrapped Centrifuge CFG $ 0.0870 $ 49.91M
$ 49.91 million +0.21% 23 Coinbase Wrapped XRP CBXRP $ 1.47 $ 31.20M
$ 31.20 million -4.62% 24 Wrapped Matic WMATIC $ 0.108 $ 15.31M
$ 15.31 million -2.36% 25 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.07% 26 Wrapped NCG WNCG $ 0.00590 $ 1.89M
$ 1.89 million -3.15%
The coins below are ranked lower due to missing data.
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27 Wrapped TRON WTRX $ 0.280 $ 3.58B
$ 3.58 billion -0.70% 28 Binance Staked SOL BNSOL $ 93.87 $ 921.78M
$ 921.78 million -3.76% 29 Solv BTC SOLVBTC $ 68,348.91 $ 557.09M
$ 557.09 million -1.52% 30 Jupiter Staked SOL JUPSOL $ 99.83 $ 418.09M
$ 418.09 million -4.00% 31 Bitcoin Avalanche Bridged BTC.b $ 68,717.84 $ 264.11M
$ 264.11 million -2.02% 32 ckBTC ckBTC $ 68,688.03 $ 32.42M
$ 32.42 million -2.24% 33 Wrapped NXM WNXM $ 50.14 $ 24.24M
$ 24.24 million -5.70% 34 Wrapped TAO WTAO $ 190.71 $ 22.58M
$ 22.58 million +1.08% 35 ckUSDC CKUSDC $ 1.01 $ 1.87M
$ 1.87 million -3.40% 36 ckETH ckETH $ 1,966.34 $ 1.22M
$ 1.22 million -6.08% 37 renBTC RENBTC $ 3,160.48 $ 962,361
$ 962,361 -2.75% 38 ckOCT CKOCT $ 0.00484 $ 85.74T
$ 85.74 trillion -40.27% 39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,969.72 $ 44.44T
$ 44.44 trillion -0.37% 40 Wrapped DOGE WDOGE $ 0.118 $ 15.18B
$ 15.18 billion -10.09% 41 USDC (BASE) USDC $ 1.000 $ 4.34B
$ 4.34 billion -0.03% 42 Wrapped Binance Beacon ETH WBETH $ 2,146.06 $ 2.79B
$ 2.79 billion -5.28% 43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion -0.03% 44 USDC (Avalance) USDC $ 1.00 $ 722.18M
$ 722.18 million +0.27% 45 Wrapped BTC (Wormhole) WBTC $ 68,495.95 $ 273.80M
$ 273.80 million -2.30% 46 Binance Wrapped BTC BBTC $ 68,448.57 $ 198.50M
$ 198.50 million -2.10% 47 Gate Wrapped BTC GTBTC $ 68,871.16 $ 158.37M
$ 158.37 million -2.30% 48 Wrapped Fantom WFTM $ 0.0565 $ 123.51M
$ 123.51 million -2.71% 49 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15 $ 122.50M
$ 122.50 million +0.18% 50 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15 $ 91.43M
$ 91.43 million +0.00%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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