Wrapped coins

3 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 $ 1,968.39
$ 17.36B
$ 17.36 billion
+1.14%
2 Wrapped BTC WBTC $ 67,499.42
$ 9.28B
$ 9.28 billion
+1.05%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.09%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,415.13
$ 7.71B
$ 7.71 billion
+1.22%
5 Wrapped eETH weETH $ 2,142.20
$ 6.09B
$ 6.09 billion
+1.11%
6 Wrapped Ether WETH $ 1,970.53
$ 5.24B
$ 5.24 billion
+1.15%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 67,696.44
$ 2.98B
$ 2.98 billion
+1.01%
9 Bitcoin BEP2 BTCB $ 67,651.79
$ 2.64B
$ 2.64 billion
+0.91%
10 Jito Staked SOL JITOSOL $ 106.65
$ 1.20B
$ 1.20 billion
+3.02%
11 Binance Staked SOL BNSOL $ 92.86
$ 910.94M
$ 910.94 million
+2.93%
12 Wrapped BNB WBNB $ 628.56
$ 885.17M
$ 885.17 million
+3.49%
13 Rocket Pool ETH RETH $ 2,283.03
$ 819.34M
$ 819.34 million
+1.18%
14 Lombard Staked Bitcoin LBTC $ 67,782.22
$ 717.42M
$ 717.42 million
+1.13%
15 Solv BTC SOLVBTC $ 67,580.39
$ 465.16M
$ 465.16 million
+0.98%
16 tBTC v2 TBTC $ 67,649.26
$ 400.00M
$ 400.00 million
+0.97%
17 Binance-Peg XRP Token XRP $ 1.42
$ 347.52M
$ 347.52 million
+0.46%
18 Marinade staked SOL MSOL $ 114.81
$ 290.55M
$ 290.55 million
+2.96%
19 Coinbase Wrapped Staked ETH CBETH $ 2,210.81
$ 277.99M
$ 277.99 million
+1.10%
20 Wrapped Solana SOL $ 84.49
$ 157.92M
$ 157.92 million
+3.02%
21 Wrapped AVAX WAVAX $ 9.13
$ 151.13M
$ 151.13 million
+2.66%
22 BybitSOL BBSOL $ 95.74
$ 112.93M
$ 112.93 million
+3.00%
23 Wrapped Centrifuge CFG $ 0.0851
$ 48.79M
$ 48.79 million
+6.15%
24 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.24M
$ 30.24 million
+0.66%
25 Wrapped Matic WMATIC $ 0.106
$ 15.03M
$ 15.03 million
+0.17%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.06%

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

27 Wrapped TRON WTRX $ 0.285
$ 3.65B
$ 3.65 billion
+0.24%
28 Mantle Staked Ether METH $ 2,128.06
$ 453.11M
$ 453.11 million
+1.06%
29 Jupiter Staked SOL JUPSOL $ 98.97
$ 414.48M
$ 414.48 million
+3.19%
30 Bitcoin Avalanche Bridged BTC.b $ 67,569.06
$ 259.73M
$ 259.73 million
+0.86%
31 ckBTC ckBTC $ 68,292.14
$ 32.23M
$ 32.23 million
+1.78%
32 Wrapped NXM WNXM $ 50.90
$ 24.60M
$ 24.60 million
-0.43%
33 Wrapped TAO WTAO $ 178.52
$ 21.14M
$ 21.14 million
-1.29%
34 ckUSDC CKUSDC $ 0.999
$ 1.86M
$ 1.86 million
-0.26%
35 Wrapped NCG WNCG $ 0.00553
$ 1.77M
$ 1.77 million
-2.74%
36 ckETH ckETH $ 1,944.05
$ 1.20M
$ 1.20 million
-0.03%
37 renBTC RENBTC $ 3,105.72
$ 945,685
$ 945,685
+0.80%
38 ckOCT CKOCT $ 0.00419
$ 74.29T
$ 74.29 trillion
+16.11%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,901.81
$ 43.83T
$ 43.83 trillion
-1.64%
40 Wrapped DOGE WDOGE $ 0.119
$ 15.34B
$ 15.34 billion
+3.55%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.03%
42 Wrapped Binance Beacon ETH WBETH $ 2,148.24
$ 2.80B
$ 2.80 billion
+1.22%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.05%
44 USDC (Avalance) USDC $ 1.000
$ 721.14M
$ 721.14 million
-0.05%
45 Wrapped BTC (Wormhole) WBTC $ 67,485.07
$ 269.76M
$ 269.76 million
+0.95%
46 Binance Wrapped BTC BBTC $ 67,559.40
$ 195.92M
$ 195.92 million
+0.89%
47 Gate Wrapped BTC GTBTC $ 67,873.44
$ 156.12M
$ 156.12 million
+1.00%
48 TRON peg TRX $ 0.286
$ 85.31M
$ 85.31 million
+0.68%
49 Binance-Peg Bitcoin Cash Token BCH $ 564.26
$ 54.45M
$ 54.45 million
+1.37%
50 Wrapped BTC WBTC.E $ 67,514.65
$ 29.57M
$ 29.57 million
+1.55%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.0851
$ 48.79M
$ 48.79 million
+6.15%
Wrapped BNB WBNB $ 628.56
$ 885.17M
$ 885.17 million
+3.49%
Wrapped Solana SOL $ 84.49
$ 157.92M
$ 157.92 million
+3.02%
Jito Staked SOL JITOSOL $ 106.65
$ 1.20B
$ 1.20 billion
+3.02%
BybitSOL BBSOL $ 95.74
$ 112.93M
$ 112.93 million
+3.00%
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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