Wrapped coins

221 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 $ 2,278.62
$ 20.00B
$ 20.00 billion
-2.68%
2 Wrapped BTC WBTC $ 80,363.32
$ 11.04B
$ 11.04 billion
-1.73%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,812.48
$ 9.41B
$ 9.41 billion
-2.63%
4 Binance-Peg BSC-USD BSC-USD $ 0.822
$ 7.38B
$ 7.38 billion
-10.31%
5 Wrapped Ether WETH $ 2,280.52
$ 6.06B
$ 6.06 billion
-2.55%
6 Wrapped eETH weETH $ 2,492.83
$ 4.37B
$ 4.37 billion
-2.69%
7 Coinbase Wrapped BTC CBBTC $ 80,593.11
$ 3.31B
$ 3.31 billion
-1.74%
8 Bitcoin BEP2 BTCB $ 67,626.48
$ 2.83B
$ 2.83 billion
-9.75%
9 Wrapped BNB WBNB $ 567.18
$ 978.80M
$ 978.80 million
+2.36%
10 Binance Staked SOL BNSOL $ 104.68
$ 974.94M
$ 974.94 million
-3.43%
11 Jito Staked SOL JITOSOL $ 120.67
$ 958.07M
$ 958.07 million
-2.98%
12 Rocket Pool ETH RETH $ 2,652.88
$ 884.11M
$ 884.11 million
-2.64%
13 Lombard Staked Bitcoin LBTC $ 80,937.03
$ 857.84M
$ 857.84 million
-1.22%
14 Mantle Staked Ether METH $ 2,477.46
$ 563.62M
$ 563.62 million
-3.05%
15 tBTC v2 TBTC $ 80,437.68
$ 416.11M
$ 416.11 million
-1.78%
16 Bitcoin Avalanche Bridged BTC.b $ 80,431.70
$ 309.18M
$ 309.18 million
-1.96%
17 Marinade staked SOL MSOL $ 130.15
$ 301.78M
$ 301.78 million
-2.88%
18 Coinbase Wrapped Staked ETH CBETH $ 2,576.69
$ 301.12M
$ 301.12 million
-2.56%
19 Binance-Peg XRP Token XRP $ 1.21
$ 276.53M
$ 276.53 million
-6.96%
20 Wrapped Centrifuge CFG $ 0.283
$ 163.17M
$ 163.17 million
-6.71%
21 Wrapped AVAX WAVAX $ 9.79
$ 157.93M
$ 157.93 million
-3.93%
22 Wrapped Solana SOL $ 94.54
$ 141.81M
$ 141.81 million
-2.94%
23 Wrapped Matic WMATIC $ 0.0989
$ 14.07M
$ 14.07 million
-3.63%
24 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+2.29%
25 Wrapped NCG WNCG $ 0.00566
$ 1.81M
$ 1.81 million
-0.04%

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

26 Ethena Staked USDe sUSDe $ 3.87
$ 12.07B
$ 12.07 billion
+2.70%
27 Jupiter Staked SOL JUPSOL $ 112.01
$ 479.12M
$ 479.12 million
-2.82%
28 Solv BTC SOLVBTC $ 67,197.11
$ 432.87M
$ 432.87 million
-9.42%
29 BybitSOL BBSOL $ 108.77
$ 121.57M
$ 121.57 million
-2.96%
30 Coinbase Wrapped XRP CBXRP $ 1.43
$ 101.23M
$ 101.23 million
-3.24%
31 Wrapped TAO WTAO $ 308.99
$ 33.52M
$ 33.52 million
-4.67%
32 Wrapped NXM WNXM $ 58.38
$ 25.29M
$ 25.29 million
+1.15%
33 ckBTC ckBTC $ 79,735.97
$ 23.15M
$ 23.15 million
-3.98%
34 renBTC RENBTC $ 18,518.08
$ 5.64M
$ 5.64 million
-6.44%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.91%
36 ckETH ckETH $ 2,256.12
$ 1.40M
$ 1.40 million
-4.29%
37 ckOCT CKOCT $ 0.00439
$ 77.69T
$ 77.69 trillion
+9.76%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,860.15
$ 32.75T
$ 32.75 trillion
-18.15%
39 Wrapped Banano WBAN $ 1,780.05
$ 65.99B
$ 65.99 billion
+6.47%
40 Wrapped BTC (BitGo) WBTC $ 80,187.86
$ 9.49B
$ 9.49 billion
-1.85%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.14%
42 Wrapped Binance Beacon ETH WBETH $ 2,499.32
$ 3.10B
$ 3.10 billion
-2.50%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.844
$ 1.09B
$ 1.09 billion
-5.88%
44 USDC (Avalance) USDC $ 0.998
$ 720.21M
$ 720.21 million
-0.11%
45 Wrapped BTC (Wormhole) WBTC $ 80,324.43
$ 254.86M
$ 254.86 million
-1.72%
46 Binance Wrapped BTC BBTC $ 80,474.58
$ 233.38M
$ 233.38 million
-1.61%
47 Gate Wrapped BTC GTBTC $ 80,842.98
$ 185.91M
$ 185.91 million
-1.85%
48 TRON peg TRX $ 0.347
$ 103.69M
$ 103.69 million
-0.93%
49 Wrapped Fantom WFTM $ 0.0464
$ 101.55M
$ 101.55 million
-0.89%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+12.17%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 567.18
$ 978.80M
$ 978.80 million
+2.36%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+2.29%
Wrapped NCG WNCG $ 0.00566
$ 1.81M
$ 1.81 million
-0.04%
Lombard Staked Bitcoin LBTC $ 80,937.03
$ 857.84M
$ 857.84 million
-1.22%
Wrapped BTC WBTC $ 80,363.32
$ 11.04B
$ 11.04 billion
-1.73%
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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