Wrapped coins

234 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $2,438.91
$23.56B
$23.56 billion
-1.34%
2 Wrapped liquid staked Ether 2.0 wstETH $3,039.42
$11.24B
$11.24 billion
-1.27%
3 Wrapped BTC WBTC $76,787.90
$9.76B
$9.76 billion
-1.93%
4 Binance-Peg BSC-USD BSC-USD $1.00
$9.18B
$9.18 billion
+0.02%
5 Wrapped eETH weETH $2,698.79
$5.24B
$5.24 billion
-1.16%
6 Wrapped Ether WETH $2,445.73
$5.08B
$5.08 billion
-1.18%
7 USDC (BASE) USDC $1.000
$4.27B
$4.27 billion
+0.01%
8 Ethena Staked USDe sUSDe $1.25
$3.89B
$3.89 billion
+0.01%
9 Coinbase Wrapped BTC CBBTC $76,831.71
$3.81B
$3.81 billion
-1.95%
10 Bitcoin BEP2 BTCB $76,855.81
$3.62B
$3.62 billion
-1.96%
11 Binance-Peg USD Coin (BNB Smart Chain) USDC $1.00
$1.59B
$1.59 billion
+0.03%
12 Wrapped BNB WBNB $712.01
$1.14B
$1.14 billion
-1.74%
13 Syrup USDC SYRUPUSDC $1.18
$1.05B
$1.05 billion
-0.23%
14 Jito Staked SOL JITOSOL $129.15
$1.02B
$1.02 billion
-2.41%
15 Rocket Pool ETH RETH $2,857.07
$905.67M
$905.67 million
-1.21%
16 Lombard Staked Bitcoin LBTC $77,143.69
$654.67M
$654.67 million
-2.11%
17 Jupiter Staked SOL JUPSOL $119.79
$512.83M
$512.83 million
-2.44%
18 Coinbase Wrapped Staked ETH CBETH $2,784.15
$464.93M
$464.93 million
-1.23%
19 tBTC v2 TBTC $76,844.78
$331.39M
$331.39 million
-1.88%
20 Binance-Peg XRP Token XRP $1.34
$301.39M
$301.39 million
-3.52%
21 Marinade staked SOL MSOL $139.36
$229.03M
$229.03 million
-2.25%
22 Wrapped BTC (Wormhole) WBTC $76,820.18
$190.54M
$190.54 million
-1.87%
23 Coinbase Wrapped XRP CBXRP $1.34
$167.80M
$167.80 million
-3.51%
24 Bitcoin Avalanche Bridged BTC.b $76,797.08
$155.46M
$155.46 million
-1.97%
25 Wrapped Solana SOL $99.39
$149.09M
$149.09 million
-2.39%
26 Wrapped AVAX WAVAX $7.46
$132.65M
$132.65 million
-4.49%
27 Robinhood Wrapped ETH (Robinhood Chain) WETH $2,446.97
$72.66M
$72.66 million
-1.13%
28 Wrapped Centrifuge CFG $0.105
$60.85M
$60.85 million
-7.15%
29 Bridged Tether USD USDT $0.999
$25.66M
$25.66 million
-0.07%
30 Wrapped Matic WMATIC $0.0927
$24.41M
$24.41 million
-5.14%
31 Binance Beacon ETH BETH $2,436.14
$10.81M
$10.81 million
-1.32%
32 Axelar Wrapped USDC AXLUSDC $1.000
$2.39M
$2.39 million
+0.28%
33 Wrapped Ether (Wormhole) WETH $2,447.44
$614,963
$614,963
-1.18%

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

34 Wrapped Binance Beacon ETH WBETH $2,704.67
$4.51B
$4.51 billion
-1.25%
35 Wrapped TRON WTRX $0.339
$1.42B
$1.42 billion
-0.00%
36 Binance Staked SOL BNSOL $112.31
$1.03B
$1.03 billion
-2.33%
37 Mantle Staked Ether METH $2,701.26
$586.96M
$586.96 million
-0.65%
38 Solv BTC SOLVBTC $77,042.14
$495.34M
$495.34 million
-1.48%
39 BybitSOL BBSOL $115.90
$124.01M
$124.01 million
-2.39%
40 Wrapped NXM WNXM $66.61
$26.45M
$26.45 million
+1.55%
41 Wrapped TAO WTAO $235.64
$26.10M
$26.10 million
-7.28%
42 renBTC RENBTC $20,373.59
$6.52M
$6.52 million
-1.96%
43 Wrapped NCG WNCG $0.00429
$1.74M
$1.74 million
+0.18%
44 ckETH ckETH $2,457.36
$1.51M
$1.51 million
-1.44%
45 USD Coin Bridged USDCE $1.000
$772.14M
$772.14 million
-0.00%
46 USDC (Avalance) USDC $0.996
$372.88M
$372.88 million
-0.22%
47 Gate Wrapped BTC GTBTC $77,058.27
$265.70M
$265.70 million
-2.07%
48 Binance Wrapped BTC BBTC $76,836.98
$222.83M
$222.83 million
-1.85%
49 Bitget Wrapped BTC BGBTC $76,753.35
$90.88M
$90.88 million
-1.96%
50 Kelp DAO Wrapped rsETH WRSETH $2,624.41
$82.44M
$82.44 million
-0.15%
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Trending Wrapped coins

Top Gainers

Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $1.000
$2.39M
$2.39 million
+0.28%
Binance-Peg USD Coin (BNB Smart Chain) USDC $1.00
$1.59B
$1.59 billion
+0.03%
Binance-Peg BSC-USD BSC-USD $1.00
$9.18B
$9.18 billion
+0.02%
USDC (BASE) USDC $1.000
$4.27B
$4.27 billion
+0.01%
Ethena Staked USDe sUSDe $1.25
$3.89B
$3.89 billion
+0.01%
All Gainers

Market Cap

$-- --%
Pro Chart

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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