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 $ 1,987.82 $ 17.53B
$ 17.53 billion -3.02% 2 Wrapped BTC WBTC $ 67,865.27 $ 9.33B
$ 9.33 billion -2.92% 3 Binance-Peg BSC-USD BSC-USD $ 1.000 $ 8.98B
$ 8.98 billion +0.06% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,442.67 $ 7.80B
$ 7.80 billion -3.02% 5 Wrapped eETH weETH $ 2,164.65 $ 6.16B
$ 6.16 billion -2.99% 6 Wrapped Ether WETH $ 1,988.72 $ 5.29B
$ 5.29 billion -3.10% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.06% 8 Coinbase Wrapped BTC CBBTC $ 68,014.47 $ 2.99B
$ 2.99 billion -2.86% 9 Bitcoin BEP2 BTCB $ 68,019.77 $ 2.86B
$ 2.86 billion -2.84% 10 Jito Staked SOL JITOSOL $ 107.12 $ 1.20B
$ 1.20 billion -2.62% 11 Wrapped BNB WBNB $ 627.32 $ 884.04M
$ 884.04 million -1.60% 12 Rocket Pool ETH RETH $ 2,305.08 $ 827.26M
$ 827.26 million -3.02% 13 Lombard Staked Bitcoin LBTC $ 68,267.51 $ 721.66M
$ 721.66 million -3.35% 14 Solv BTC SOLVBTC $ 67,828.59 $ 437.45M
$ 437.45 million +39.18% 15 tBTC v2 TBTC $ 67,941.62 $ 401.73M
$ 401.73 million -2.85% 16 Marinade staked SOL MSOL $ 115.33 $ 291.87M
$ 291.87 million -2.72% 17 Coinbase Wrapped Staked ETH CBETH $ 2,237.61 $ 281.34M
$ 281.34 million -3.06% 18 Bitcoin Avalanche Bridged BTC.b $ 68,112.07 $ 261.82M
$ 261.82 million -3.18% 19 Wrapped Solana SOL $ 84.65 $ 158.22M
$ 158.22 million -2.63% 20 Wrapped AVAX WAVAX $ 9.03 $ 149.42M
$ 149.42 million -2.74% 21 BybitSOL BBSOL $ 96.16 $ 114.13M
$ 114.13 million -2.52% 22 Wrapped Centrifuge CFG $ 0.146 $ 84.25M
$ 84.25 million +2.07% 23 Wrapped Matic WMATIC $ 0.0977 $ 13.90M
$ 13.90 million -1.75% 24 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million +0.08% 25 Wrapped NCG WNCG $ 0.00533 $ 1.71M
$ 1.71 million -1.85%
The coins below are ranked lower due to missing data.
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26 Binance Staked SOL BNSOL $ 93.27 $ 914.99M
$ 914.99 million -2.47% 27 Mantle Staked Ether METH $ 2,168.58 $ 461.73M
$ 461.73 million -2.54% 28 Jupiter Staked SOL JUPSOL $ 99.31 $ 415.90M
$ 415.90 million -2.36% 29 Binance-Peg XRP Token XRP $ 1.37 $ 335.80M
$ 335.80 million -1.58% 30 ckBTC ckBTC $ 67,226.15 $ 31.73M
$ 31.73 million -5.73% 31 Coinbase Wrapped XRP CBXRP $ 1.37 $ 29.12M
$ 29.12 million -1.98% 32 Wrapped NXM WNXM $ 51.47 $ 24.89M
$ 24.89 million -1.78% 33 Wrapped TAO WTAO $ 176.51 $ 20.90M
$ 20.90 million -2.70% 34 ckUSDC CKUSDC $ 1.00 $ 1.87M
$ 1.87 million +0.69% 35 ckETH ckETH $ 1,973.39 $ 1.22M
$ 1.22 million -4.40% 36 renBTC RENBTC $ 3,077.83 $ 937,193
$ 937,193 -3.19% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,972.42 $ 44.46T
$ 44.46 trillion -1.06% 38 Wrapped DOGE WDOGE $ 0.106 $ 13.60B
$ 13.60 billion -4.89% 39 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.93% 40 Wrapped Binance Beacon ETH WBETH $ 2,169.92 $ 2.82B
$ 2.82 billion -3.06% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000 $ 1.29B
$ 1.29 billion +0.19% 42 USDC (Avalance) USDC $ 1.00 $ 721.82M
$ 721.82 million +0.57% 43 Wrapped BTC (Wormhole) WBTC $ 67,867.58 $ 271.29M
$ 271.29 million -2.91% 44 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 2.06 $ 218.96M
$ 218.96 million +80.02% 45 Binance Wrapped BTC BBTC $ 68,022.18 $ 197.26M
$ 197.26 million -3.87% 46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 2.14 $ 170.85M
$ 170.85 million +86.47% 47 Gate Wrapped BTC GTBTC $ 68,265.40 $ 156.98M
$ 156.98 million -2.90% 48 TRON peg TRX $ 0.283 $ 84.62M
$ 84.62 million -1.09% 49 Binance-Peg Bitcoin Cash Token BCH $ 450.85 $ 43.51M
$ 43.51 million -1.06% 50 Wrapped BTC WBTC.E $ 67,841.24 $ 29.71M
$ 29.71 million -3.07%
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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