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 $ 2,154.48
$ 19.00B
$ 19.00 billion
+1.10%
2 Wrapped BTC WBTC $ 70,576.20
$ 9.70B
$ 9.70 billion
+1.30%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,652.08
$ 8.48B
$ 8.48 billion
+1.37%
5 Wrapped eETH weETH $ 2,357.50
$ 6.71B
$ 6.71 billion
+1.13%
6 Wrapped Ether WETH $ 2,153.43
$ 5.73B
$ 5.73 billion
+1.14%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 70,735.29
$ 3.11B
$ 3.11 billion
+1.24%
9 Bitcoin BEP2 BTCB $ 70,753.41
$ 2.97B
$ 2.97 billion
+1.35%
10 Jito Staked SOL JITOSOL $ 114.17
$ 1.28B
$ 1.28 billion
+1.09%
11 Wrapped BNB WBNB $ 643.48
$ 906.97M
$ 906.97 million
+0.62%
12 Rocket Pool ETH RETH $ 2,505.59
$ 899.23M
$ 899.23 million
+1.54%
13 Lombard Staked Bitcoin LBTC $ 70,985.99
$ 753.00M
$ 753.00 million
+1.18%
14 Solv BTC SOLVBTC $ 70,721.26
$ 464.68M
$ 464.68 million
+1.13%
15 tBTC v2 TBTC $ 70,901.42
$ 419.24M
$ 419.24 million
+1.25%
16 Binance-Peg XRP Token XRP $ 1.44
$ 325.04M
$ 325.04 million
+0.11%
17 Coinbase Wrapped Staked ETH CBETH $ 2,424.80
$ 291.62M
$ 291.62 million
+1.15%
18 Bitcoin Avalanche Bridged BTC.b $ 70,793.02
$ 272.12M
$ 272.12 million
+1.30%
19 Marinade staked SOL MSOL $ 123.27
$ 256.90M
$ 256.90 million
+1.31%
20 Wrapped Solana SOL $ 89.98
$ 134.98M
$ 134.98 million
+1.07%
21 Wrapped AVAX WAVAX $ 9.52
$ 134.18M
$ 134.18 million
+0.48%
22 BybitSOL BBSOL $ 102.28
$ 111.62M
$ 111.62 million
+0.89%
23 Wrapped Centrifuge CFG $ 0.143
$ 82.75M
$ 82.75 million
-4.67%
24 Wrapped TAO WTAO $ 277.51
$ 32.86M
$ 32.86 million
-0.15%
25 Wrapped Matic WMATIC $ 0.0959
$ 13.64M
$ 13.64 million
-1.99%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.01%

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

27 Binance Staked SOL BNSOL $ 99.17
$ 846.45M
$ 846.45 million
+1.09%
28 Mantle Staked Ether METH $ 2,346.22
$ 499.55M
$ 499.55 million
+1.33%
29 Jupiter Staked SOL JUPSOL $ 106.14
$ 386.40M
$ 386.40 million
+1.01%
30 ckBTC ckBTC $ 71,322.89
$ 33.71M
$ 33.71 million
+2.56%
31 Coinbase Wrapped XRP CBXRP $ 1.44
$ 30.74M
$ 30.74 million
+0.04%
32 Wrapped NXM WNXM $ 54.36
$ 26.28M
$ 26.28 million
-2.08%
33 Wrapped NCG WNCG $ 0.00535
$ 1.72M
$ 1.72 million
+0.49%
34 ckUSDC CKUSDC $ 0.995
$ 1.57M
$ 1.57 million
+0.39%
35 ckETH ckETH $ 2,155.43
$ 1.33M
$ 1.33 million
+1.40%
36 renBTC RENBTC $ 4,374.15
$ 1.33M
$ 1.33 million
+0.80%
37 ckOCT CKOCT $ 0.00262
$ 46.53T
$ 46.53 trillion
+25.35%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,696.16
$ 41.99T
$ 41.99 trillion
-3.69%
39 Wrapped BTC (BitGo) WBTC $ 70,785.97
$ 8.47B
$ 8.47 billion
+1.21%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+0.03%
41 Wrapped Binance Beacon ETH WBETH $ 2,354.29
$ 3.06B
$ 3.06 billion
+1.13%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.02%
43 USDC (Avalance) USDC $ 1.000
$ 721.23M
$ 721.23 million
-0.09%
44 Wrapped BTC (Wormhole) WBTC $ 70,727.04
$ 261.85M
$ 261.85 million
+1.34%
45 Binance Wrapped BTC BBTC $ 70,880.31
$ 205.55M
$ 205.55 million
+1.20%
46 Gate Wrapped BTC GTBTC $ 70,901.80
$ 163.05M
$ 163.05 million
+1.26%
47 Wrapped Fantom WFTM $ 0.0479
$ 104.75M
$ 104.75 million
-1.83%
48 TRON peg TRX $ 0.309
$ 92.30M
$ 92.30 million
+4.98%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,300.77
$ 72.27M
$ 72.27 million
+1.26%
50 Binance-Peg Bitcoin Cash Token BCH $ 467.79
$ 45.14M
$ 45.14 million
+0.32%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Rocket Pool ETH RETH $ 2,505.59
$ 899.23M
$ 899.23 million
+1.54%
Wrapped liquid staked Ether 2.0 wstETH $ 2,652.08
$ 8.48B
$ 8.48 billion
+1.37%
Bitcoin BEP2 BTCB $ 70,753.41
$ 2.97B
$ 2.97 billion
+1.35%
Marinade staked SOL MSOL $ 123.27
$ 256.90M
$ 256.90 million
+1.31%
Bitcoin Avalanche Bridged BTC.b $ 70,793.02
$ 272.12M
$ 272.12 million
+1.30%
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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