Wrapped coins

211 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 $ 2,178.61
$ 20.38B
$ 20.38 billion
-2.80%
2 Wrapped BTC WBTC $ 70,715.13
$ 9.72B
$ 9.72 billion
-1.32%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,685.75
$ 9.69B
$ 9.69 billion
-2.87%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.25%
5 Wrapped eETH weETH $ 2,383.55
$ 5.81B
$ 5.81 billion
-2.85%
6 Wrapped Ether WETH $ 2,178.35
$ 5.79B
$ 5.79 billion
-3.19%
7 Coinbase Wrapped BTC CBBTC $ 70,876.52
$ 3.39B
$ 3.39 billion
-1.30%
8 Bitcoin BEP2 BTCB $ 70,897.92
$ 2.99B
$ 2.99 billion
-1.13%
9 Wrapped BNB WBNB $ 598.86
$ 1.03B
$ 1.03 billion
-2.66%
10 Jito Staked SOL JITOSOL $ 104.61
$ 943.40M
$ 943.40 million
-2.63%
11 Rocket Pool ETH RETH $ 2,535.71
$ 856.22M
$ 856.22 million
-2.72%
12 Lombard Staked Bitcoin LBTC $ 70,962.02
$ 752.78M
$ 752.78 million
-1.26%
13 Mantle Staked Ether METH $ 2,395.76
$ 638.62M
$ 638.62 million
-2.20%
14 Solv BTC SOLVBTC $ 70,897.22
$ 506.45M
$ 506.45 million
-0.89%
15 tBTC v2 TBTC $ 70,922.33
$ 426.32M
$ 426.32 million
-1.16%
16 Binance-Peg XRP Token XRP $ 1.33
$ 306.43M
$ 306.43 million
-3.35%
17 Coinbase Wrapped Staked ETH CBETH $ 2,455.06
$ 296.35M
$ 296.35 million
-3.13%
18 Bitcoin Avalanche Bridged BTC.b $ 70,961.28
$ 272.77M
$ 272.77 million
-0.97%
19 Marinade staked SOL MSOL $ 112.71
$ 228.92M
$ 228.92 million
-2.64%
20 Wrapped AVAX WAVAX $ 9.04
$ 143.86M
$ 143.86 million
-4.33%
21 Wrapped Solana SOL $ 82.23
$ 123.38M
$ 123.38 million
-2.75%
22 Wrapped Centrifuge CFG $ 0.181
$ 104.72M
$ 104.72 million
+2.57%
23 Coinbase Wrapped XRP CBXRP $ 1.33
$ 72.38M
$ 72.38 million
-3.67%
24 Wrapped NXM WNXM $ 55.76
$ 24.62M
$ 24.62 million
-2.02%
25 Wrapped Matic WMATIC $ 0.0865
$ 12.32M
$ 12.32 million
-6.78%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.49M
$ 2.49 million
+0.01%

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

27 Ethena Staked USDe sUSDe $ 2.79
$ 8.71B
$ 8.71 billion
+0.47%
28 Binance Staked SOL BNSOL $ 90.80
$ 774.35M
$ 774.35 million
-3.09%
29 Jupiter Staked SOL JUPSOL $ 97.00
$ 353.14M
$ 353.14 million
-2.52%
30 BybitSOL BBSOL $ 93.81
$ 95.70M
$ 95.70 million
-2.97%
31 ckBTC ckBTC $ 71,388.81
$ 33.70M
$ 33.70 million
+0.45%
32 Wrapped TAO WTAO $ 323.21
$ 32.98M
$ 32.98 million
-4.70%
33 renBTC RENBTC $ 9,945.74
$ 3.03M
$ 3.03 million
+2.25%
34 Wrapped NCG WNCG $ 0.00547
$ 1.75M
$ 1.75 million
-0.18%
35 ckUSDC CKUSDC $ 1.01
$ 1.60M
$ 1.60 million
+1.83%
36 ckETH ckETH $ 2,198.77
$ 1.36M
$ 1.36 million
-1.21%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,027.26
$ 33.33T
$ 33.33 trillion
+0.36%
38 Wrapped BTC (BitGo) WBTC $ 70,847.72
$ 8.48B
$ 8.48 billion
-1.28%
39 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.13%
40 Wrapped Binance Beacon ETH WBETH $ 2,383.37
$ 3.10B
$ 3.10 billion
-3.16%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.01%
42 USDC (Avalance) USDC $ 0.999
$ 720.46M
$ 720.46 million
-0.06%
43 Wrapped BTC (Wormhole) WBTC $ 70,788.32
$ 262.08M
$ 262.08 million
-1.28%
44 Binance Wrapped BTC BBTC $ 70,987.71
$ 205.86M
$ 205.86 million
-1.04%
45 Gate Wrapped BTC GTBTC $ 71,134.77
$ 163.59M
$ 163.59 million
-1.29%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.39M
$ 122.39 million
-0.00%
47 TRON peg TRX $ 0.317
$ 94.59M
$ 94.59 million
+0.11%
48 Wrapped Fantom WFTM $ 0.0431
$ 94.26M
$ 94.26 million
-0.96%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,323.91
$ 73.00M
$ 73.00 million
-2.88%
50 Binance-Peg Bitcoin Cash Token BCH $ 439.12
$ 42.38M
$ 42.38 million
-1.83%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.181
$ 104.72M
$ 104.72 million
+2.57%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.25%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.49M
$ 2.49 million
+0.01%
Solv BTC SOLVBTC $ 70,897.22
$ 506.45M
$ 506.45 million
-0.89%
Bitcoin Avalanche Bridged BTC.b $ 70,961.28
$ 272.77M
$ 272.77 million
-0.97%
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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