Wrapped coins

213 coins #19

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 $ 2,328.74
$ 21.95B
$ 21.95 billion
-0.88%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,877.48
$ 10.79B
$ 10.79 billion
-0.76%
3 Wrapped BTC WBTC $ 74,616.82
$ 10.25B
$ 10.25 billion
+0.13%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.01%
5 Wrapped Ether WETH $ 2,336.06
$ 6.21B
$ 6.21 billion
-0.78%
6 Wrapped eETH weETH $ 2,549.63
$ 6.08B
$ 6.08 billion
-0.72%
7 Coinbase Wrapped BTC CBBTC $ 74,815.33
$ 3.56B
$ 3.56 billion
+0.21%
8 Bitcoin BEP2 BTCB $ 74,645.60
$ 3.14B
$ 3.14 billion
+0.08%
9 Wrapped BNB WBNB $ 630.59
$ 1.09B
$ 1.09 billion
+1.52%
10 Jito Staked SOL JITOSOL $ 112.47
$ 1.01B
$ 1.01 billion
+4.20%
11 Rocket Pool ETH RETH $ 2,712.67
$ 917.72M
$ 917.72 million
-0.76%
12 Binance Staked SOL BNSOL $ 97.90
$ 911.84M
$ 911.84 million
+4.24%
13 Lombard Staked Bitcoin LBTC $ 75,071.54
$ 796.11M
$ 796.11 million
+0.26%
14 Mantle Staked Ether METH $ 2,546.00
$ 678.62M
$ 678.62 million
-0.48%
15 Solv BTC SOLVBTC $ 74,930.25
$ 474.09M
$ 474.09 million
+0.38%
16 tBTC v2 TBTC $ 74,819.71
$ 443.51M
$ 443.51 million
+0.27%
17 Binance-Peg XRP Token XRP $ 1.44
$ 328.48M
$ 328.48 million
+3.10%
18 Coinbase Wrapped Staked ETH CBETH $ 2,632.45
$ 313.23M
$ 313.23 million
-0.77%
19 Bitcoin Avalanche Bridged BTC.b $ 75,001.88
$ 288.30M
$ 288.30 million
+0.40%
20 Marinade staked SOL MSOL $ 121.76
$ 247.30M
$ 247.30 million
+4.82%
21 Wrapped AVAX WAVAX $ 9.70
$ 154.33M
$ 154.33 million
+3.24%
22 Wrapped Centrifuge CFG $ 0.238
$ 137.49M
$ 137.49 million
+14.77%
23 Wrapped Solana SOL $ 88.36
$ 132.47M
$ 132.47 million
+4.17%
24 Coinbase Wrapped XRP CBXRP $ 1.44
$ 84.61M
$ 84.61 million
+3.00%
25 Wrapped TAO WTAO $ 254.42
$ 28.41M
$ 28.41 million
+4.92%
26 Wrapped Matic WMATIC $ 0.0905
$ 12.87M
$ 12.87 million
+5.93%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.09%

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

28 Ethena Staked USDe sUSDe $ 3.02
$ 9.41B
$ 9.41 billion
+0.08%
29 Jupiter Staked SOL JUPSOL $ 104.48
$ 446.91M
$ 446.91 million
+4.35%
30 BybitSOL BBSOL $ 101.23
$ 101.67M
$ 101.67 million
+4.16%
31 Wrapped NXM WNXM $ 59.47
$ 26.25M
$ 26.25 million
+2.43%
32 ckBTC ckBTC $ 75,738.36
$ 21.99M
$ 21.99 million
+2.63%
33 renBTC RENBTC $ 13,645.01
$ 4.15M
$ 4.15 million
+1.86%
34 Wrapped NCG WNCG $ 0.00542
$ 1.74M
$ 1.74 million
+1.67%
35 ckUSDC CKUSDC $ 0.997
$ 1.57M
$ 1.57 million
-0.08%
36 ckETH ckETH $ 2,356.60
$ 1.46M
$ 1.46 million
+0.66%
37 ckOCT CKOCT $ 0.00372
$ 65.91T
$ 65.91 trillion
+28.82%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,974.19
$ 32.98T
$ 32.98 trillion
-2.77%
39 Wrapped BTC (BitGo) WBTC $ 74,589.49
$ 8.93B
$ 8.93 billion
-0.27%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.26%
41 Wrapped Binance Beacon ETH WBETH $ 2,557.87
$ 3.31B
$ 3.31 billion
-0.82%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.06%
43 USDC (Avalance) USDC $ 1.00
$ 722.95M
$ 722.95 million
+0.39%
44 Wrapped BTC (Wormhole) WBTC $ 74,594.87
$ 276.21M
$ 276.21 million
+0.09%
45 Binance Wrapped BTC BBTC $ 74,992.80
$ 217.48M
$ 217.48 million
+0.52%
46 Gate Wrapped BTC GTBTC $ 75,007.49
$ 172.49M
$ 172.49 million
+0.19%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.70M
$ 123.70 million
+0.00%
48 Wrapped Fantom WFTM $ 0.0453
$ 99.07M
$ 99.07 million
+4.75%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,508.64
$ 78.80M
$ 78.80 million
-0.29%
50 Binance-Peg Bitcoin Cash Token BCH $ 455.19
$ 43.93M
$ 43.93 million
+1.29%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.238
$ 137.49M
$ 137.49 million
+14.77%
Wrapped Matic WMATIC $ 0.0905
$ 12.87M
$ 12.87 million
+5.93%
Wrapped TAO WTAO $ 254.42
$ 28.41M
$ 28.41 million
+4.92%
Marinade staked SOL MSOL $ 121.76
$ 247.30M
$ 247.30 million
+4.82%
Binance Staked SOL BNSOL $ 97.90
$ 911.84M
$ 911.84 million
+4.24%
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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