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 $ 2,042.56 $ 17.98B
$ 17.98 billion -5.25% 2 Wrapped BTC WBTC $ 67,655.90 $ 9.29B
$ 9.29 billion -3.69% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 9.00B
$ 9.00 billion +0.13% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,511.22 $ 8.02B
$ 8.02 billion -5.13% 5 Wrapped eETH weETH $ 2,229.79 $ 6.34B
$ 6.34 billion -5.07% 6 Wrapped Ether WETH $ 2,040.27 $ 5.41B
$ 5.41 billion -5.33% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.11% 8 Coinbase Wrapped BTC CBBTC $ 67,797.95 $ 2.98B
$ 2.98 billion -3.60% 9 Bitcoin BEP2 BTCB $ 67,807.74 $ 2.85B
$ 2.85 billion -3.69% 10 Jito Staked SOL JITOSOL $ 108.85 $ 1.22B
$ 1.22 billion -4.64% 11 Wrapped BNB WBNB $ 624.99 $ 880.19M
$ 880.19 million -2.63% 12 Lombard Staked Bitcoin LBTC $ 68,085.61 $ 722.26M
$ 722.26 million -3.47% 13 Solv BTC SOLVBTC $ 67,834.30 $ 445.71M
$ 445.71 million -3.60% 14 tBTC v2 TBTC $ 67,817.81 $ 401.00M
$ 401.00 million -3.61% 15 Binance-Peg XRP Token XRP $ 1.38 $ 311.25M
$ 311.25 million -3.97% 16 Coinbase Wrapped Staked ETH CBETH $ 2,301.19 $ 276.48M
$ 276.48 million -5.09% 17 Bitcoin Avalanche Bridged BTC.b $ 67,748.72 $ 260.26M
$ 260.26 million -3.78% 18 Marinade staked SOL MSOL $ 117.41 $ 244.69M
$ 244.69 million -4.58% 19 Wrapped Solana SOL $ 85.98 $ 128.97M
$ 128.97 million -4.47% 20 Wrapped AVAX WAVAX $ 8.99 $ 126.45M
$ 126.45 million -5.89% 21 BybitSOL BBSOL $ 97.72 $ 106.42M
$ 106.42 million -4.67% 22 Wrapped Centrifuge CFG $ 0.131 $ 75.57M
$ 75.57 million -8.36% 23 Coinbase Wrapped XRP CBXRP $ 1.38 $ 29.34M
$ 29.34 million -4.53% 24 Wrapped Matic WMATIC $ 0.0918 $ 13.04M
$ 13.04 million -4.83% 25 Axelar Wrapped USDC AXLUSDC $ 1.00 $ 2.55M
$ 2.55 million +0.01%
The coins below are ranked lower due to missing data.
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26 Rocket Pool ETH RETH $ 2,370.56 $ 850.76M
$ 850.76 million -5.12% 27 Binance Staked SOL BNSOL $ 94.53 $ 806.11M
$ 806.11 million -4.73% 28 Mantle Staked Ether METH $ 2,169.16 $ 461.87M
$ 461.87 million -7.24% 29 Jupiter Staked SOL JUPSOL $ 101.04 $ 367.87M
$ 367.87 million -4.64% 30 ckBTC ckBTC $ 68,327.98 $ 32.25M
$ 32.25 million -2.09% 31 Wrapped TAO WTAO $ 263.62 $ 31.22M
$ 31.22 million -4.47% 32 Wrapped NXM WNXM $ 53.72 $ 25.92M
$ 25.92 million +0.59% 33 Wrapped NCG WNCG $ 0.00527 $ 1.69M
$ 1.69 million -1.49% 34 ckUSDC CKUSDC $ 0.999 $ 1.58M
$ 1.58 million -0.13% 35 renBTC RENBTC $ 4,300.08 $ 1.31M
$ 1.31 million -1.22% 36 ckETH ckETH $ 2,019.49 $ 1.25M
$ 1.25 million -5.17% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,670.36 $ 41.76T
$ 41.76 trillion -1.79% 38 ckOCT CKOCT $ 0.00228 $ 40.38T
$ 40.38 trillion -13.36% 39 Wrapped BTC (BitGo) WBTC $ 67,589.81 $ 8.09B
$ 8.09 billion -3.87% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion -0.01% 41 Wrapped Binance Beacon ETH WBETH $ 2,228.26 $ 2.90B
$ 2.90 billion -5.27% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion -0.21% 43 USDC (Avalance) USDC $ 1.000 $ 721.27M
$ 721.27 million +0.30% 44 Wrapped BTC (Wormhole) WBTC $ 67,739.68 $ 250.82M
$ 250.82 million -3.64% 45 Binance Wrapped BTC BBTC $ 67,725.28 $ 196.39M
$ 196.39 million -3.74% 46 Gate Wrapped BTC GTBTC $ 67,937.40 $ 156.23M
$ 156.23 million -3.70% 47 TRON peg TRX $ 0.315 $ 93.98M
$ 93.98 million +1.45% 48 Binance-Peg Bitcoin Cash Token BCH $ 463.32 $ 44.71M
$ 44.71 million -0.86% 49 Wrapped BTC WBTC.E $ 67,811.53 $ 29.70M
$ 29.70 million -3.63% 50 Wrapped Staked USR WSTUSR $ 3.44 $ 28.97M
$ 28.97 million +302.81%
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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