Wrapped coins

189 coins #20

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 ckOCT CKOCT $ 0.0252
$ 445.97T
$ 445.97 trillion
+22.77%
2 Wrapped DOGE WDOGE $ 0.134
$ 17.36B
$ 17.36 billion
+2.43%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,689.69
$ 12.33B
$ 12.33 billion
+0.74%
4 Wrapped BTC WBTC $ 88,412.62
$ 12.16B
$ 12.16 billion
+0.37%
5 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
+0.02%
6 Wrapped eETH weETH $ 3,270.61
$ 8.92B
$ 8.92 billion
-0.74%
7 Wrapped Ether WETH $ 3,019.52
$ 8.00B
$ 8.00 billion
+0.75%
8 Wrapped Binance Beacon ETH WBETH $ 3,279.44
$ 4.60B
$ 4.60 billion
+0.75%
9 USDC (BASE) USDC $ 1.00
$ 4.41B
$ 4.41 billion
-0.33%
10 Coinbase Wrapped BTC CBBTC $ 88,552.10
$ 3.72B
$ 3.72 billion
+0.32%
11 Wrapped TRON WTRX $ 0.284
$ 3.64B
$ 3.64 billion
-1.37%
12 Bitcoin BEP2 BTCB $ 88,494.68
$ 3.47B
$ 3.47 billion
+0.37%
13 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.25%
14 Wrapped BNB WBNB $ 862.13
$ 1.16B
$ 1.16 billion
+0.62%
15 USDC (Avalance) USDC $ 0.999
$ 720.54M
$ 720.54 million
-0.32%
16 tBTC v2 TBTC $ 88,318.32
$ 538.42M
$ 538.42 million
+0.28%
17 Wrapped BTC (Wormhole) WBTC $ 88,275.17
$ 352.05M
$ 352.05 million
-0.18%
18 Binance Wrapped BTC BBTC $ 88,127.47
$ 255.57M
$ 255.57 million
-0.70%
19 Wrapped AVAX WAVAX $ 12.46
$ 220.68M
$ 220.68 million
+2.90%
20 Gate Wrapped BTC GTBTC $ 88,754.76
$ 204.14M
$ 204.14 million
+0.37%
21 Kelp DAO Wrapped rsETH WRSETH $ 3,199.16
$ 100.49M
$ 100.49 million
-0.74%
22 TRON peg TRX $ 0.284
$ 84.81M
$ 84.81 million
-1.42%
23 Wrapped Centrifuge CFG $ 0.124
$ 71.03M
$ 71.03 million
-2.52%
24 Binance-Peg Bitcoin Cash Token BCH $ 588.78
$ 56.82M
$ 56.82 million
-0.55%
25 ETH by Sui Bridge ETH $ 3,016.91
$ 43.67M
$ 43.67 million
+0.39%
26 ckBTC ckBTC $ 88,927.62
$ 41.97M
$ 41.97 million
-0.00%
27 Wrapped BTC WBTC.E $ 88,221.55
$ 38.66M
$ 38.66 million
+0.22%
28 Coinbase Wrapped XRP CBXRP $ 1.90
$ 37.20M
$ 37.20 million
-0.68%
29 Wrapped NXM WNXM $ 73.24
$ 35.78M
$ 35.78 million
+0.28%
30 Wrapped XRP WXRP $ 1.92
$ 34.40M
$ 34.40 million
-1.83%
31 DETH DETH $ 3,035.81
$ 28.20M
$ 28.20 million
-0.80%
32 Wrapped TAO WTAO $ 236.40
$ 26.79M
$ 26.79 million
+5.52%
33 Wrapped Axelar WAXL $ 0.0792
$ 18.64M
$ 18.64 million
-2.78%
34 Wrapped Matic WMATIC $ 0.108
$ 15.41M
$ 15.41 million
+1.14%
35 Wrapped QUIL wQUIL $ 0.0145
$ 13.14M
$ 13.14 million
-0.06%
36 Wrapped FRAX WFRAX $ 0.660
$ 12.19M
$ 12.19 million
+5.61%
37 iShares Gold Trust (Ondo Tokenized) IAUon $ 84.39
$ 10.11M
$ 10.11 million
+2.30%
38 Tesla tokenized stock (xStock) TSLAX $ 490.65
$ 5.40M
$ 5.40 million
+0.77%
39 Wrapped WDOGE WWDOGE $ 0.163
$ 4.52M
$ 4.52 million
-0.10%
40 Wrapped Cardano WADA $ 0.371
$ 4.44M
$ 4.44 million
-0.15%
41 Solana (Universal) USOL $ 126.50
$ 3.85M
$ 3.85 million
+0.29%
42 SPUSD SPUSD $ 1.00
$ 3.63M
$ 3.63 million
-0.18%
43 XRP (Universal) UXRP $ 1.90
$ 3.47M
$ 3.47 million
-0.18%
44 OKX Wrapped BTC XBTC $ 88,634.98
$ 3.46M
$ 3.46 million
+0.04%
45 ckUSDT CKUSDT $ 0.992
$ 3.45M
$ 3.45 million
+0.11%
46 Coinbase Wrapped DOGE CBDOGE $ 0.133
$ 3.37M
$ 3.37 million
+1.01%
47 Bridged USDT (Sonic Labs) USDT $ 1.000
$ 2.71M
$ 2.71 million
+0.00%
48 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.03%
49 Coinbase Wrapped LTC cbLTC $ 76.79
$ 2.37M
$ 2.37 million
-1.20%
50 Wrapped NCG WNCG $ 0.00725
$ 2.27M
$ 2.27 million
-1.25%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
OX Coin (Wormhole) OX $ --
$ --
$ --
--%
BSC Wrapped Wagerr WGR $ --
$ --
$ --
--%
Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ --
$ --
$ --
--%
Uniswap UNI.E $ --
$ --
$ --
--%
Coinbase Wrapped XRP CBXRP $ 1.90
$ 37.20M
$ 37.20 million
-0.68%
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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