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 $ 1,969.59 $ 17.38B
$ 17.38 billion +0.62% 2 Wrapped BTC WBTC $ 67,757.34 $ 9.31B
$ 9.31 billion -0.69% 3 Binance-Peg BSC-USD BSC-USD $ 1.000 $ 8.99B
$ 8.99 billion +0.08% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,417.09 $ 7.72B
$ 7.72 billion +0.67% 5 Wrapped eETH weETH $ 2,144.58 $ 6.10B
$ 6.10 billion +0.80% 6 Wrapped Ether WETH $ 1,968.94 $ 5.23B
$ 5.23 billion +0.56% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.80B
$ 3.80 billion +0.11% 8 Coinbase Wrapped BTC CBBTC $ 67,872.59 $ 2.98B
$ 2.98 billion -0.75% 9 Bitcoin BEP2 BTCB $ 67,896.12 $ 2.65B
$ 2.65 billion -0.69% 10 Jito Staked SOL JITOSOL $ 106.77 $ 1.20B
$ 1.20 billion -1.79% 11 Wrapped BNB WBNB $ 614.69 $ 866.61M
$ 866.61 million +0.62% 12 Rocket Pool ETH RETH $ 2,282.39 $ 819.12M
$ 819.12 million +0.64% 13 Lombard Staked Bitcoin LBTC $ 68,182.63 $ 719.75M
$ 719.75 million -0.72% 14 Mantle Staked Ether METH $ 2,140.94 $ 455.85M
$ 455.85 million +0.48% 15 tBTC v2 TBTC $ 67,844.96 $ 401.43M
$ 401.43 million -0.89% 16 Binance-Peg XRP Token XRP $ 1.48 $ 362.74M
$ 362.74 million +0.67% 17 Marinade staked SOL MSOL $ 115.00 $ 291.03M
$ 291.03 million -1.84% 18 Coinbase Wrapped Staked ETH CBETH $ 2,206.84 $ 277.56M
$ 277.56 million +0.48% 19 Wrapped Solana SOL $ 84.51 $ 158.20M
$ 158.20 million -1.65% 20 Wrapped AVAX WAVAX $ 9.13 $ 151.07M
$ 151.07 million -0.69% 21 BybitSOL BBSOL $ 95.89 $ 135.79M
$ 135.79 million -1.90% 22 Wrapped Centrifuge CFG $ 0.0885 $ 51.64M
$ 51.64 million +5.27% 23 Coinbase Wrapped XRP CBXRP $ 1.48 $ 31.48M
$ 31.48 million +0.58% 24 Wrapped Matic WMATIC $ 0.107 $ 15.17M
$ 15.17 million +0.27% 25 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.04%
The coins below are ranked lower due to missing data.
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26 Wrapped TRON WTRX $ 0.283 $ 3.63B
$ 3.63 billion +1.12% 27 Binance Staked SOL BNSOL $ 92.93 $ 911.14M
$ 911.14 million -1.82% 28 Solv BTC SOLVBTC $ 67,875.62 $ 507.56M
$ 507.56 million +0.76% 29 Jupiter Staked SOL JUPSOL $ 98.93 $ 414.35M
$ 414.35 million -1.88% 30 Bitcoin Avalanche Bridged BTC.b $ 67,798.97 $ 260.70M
$ 260.70 million -0.84% 31 ckBTC ckBTC $ 67,613.01 $ 31.94M
$ 31.94 million -0.99% 32 Wrapped NXM WNXM $ 51.22 $ 24.70M
$ 24.70 million +0.52% 33 Wrapped TAO WTAO $ 190.75 $ 22.59M
$ 22.59 million +6.02% 34 Wrapped NCG WNCG $ 0.00587 $ 1.88M
$ 1.88 million -0.78% 35 ckUSDC CKUSDC $ 0.993 $ 1.85M
$ 1.85 million +0.20% 36 ckETH ckETH $ 1,971.09 $ 1.22M
$ 1.22 million +0.11% 37 renBTC RENBTC $ 3,172.82 $ 967,852
$ 967,852 +0.79% 38 ckOCT CKOCT $ 0.00432 $ 76.57T
$ 76.57 trillion -24.47% 39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,970.98 $ 44.47T
$ 44.47 trillion -0.45% 40 Wrapped DOGE WDOGE $ 0.116 $ 15.00B
$ 15.00 billion -5.97% 41 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.02% 42 Wrapped Binance Beacon ETH WBETH $ 2,146.66 $ 2.79B
$ 2.79 billion +0.61% 43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000 $ 1.29B
$ 1.29 billion +0.13% 44 USDC (Avalance) USDC $ 0.999 $ 720.82M
$ 720.82 million -0.08% 45 Wrapped BTC (Wormhole) WBTC $ 67,854.46 $ 271.07M
$ 271.07 million -0.60% 46 Binance Wrapped BTC BBTC $ 67,931.97 $ 197.00M
$ 197.00 million -0.79% 47 Gate Wrapped BTC GTBTC $ 68,077.29 $ 156.61M
$ 156.61 million -0.64% 48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14 $ 121.12M
$ 121.12 million -0.94% 49 TRON peg TRX $ 0.282 $ 84.31M
$ 84.31 million +0.76% 50 Cardano AP3X Token cAP3X $ 0.0230 $ 68.87M
$ 68.87 million +12.23%
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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