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 $ 1,926.24
$ 16.99B
$ 16.99 billion
-4.92%
2 Wrapped BTC WBTC $ 65,411.26
$ 8.99B
$ 8.99 billion
-2.68%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+1.21%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,359.33
$ 7.53B
$ 7.53 billion
-5.13%
5 Wrapped eETH weETH $ 2,095.25
$ 5.96B
$ 5.96 billion
-4.99%
6 Wrapped Ether WETH $ 1,924.25
$ 5.12B
$ 5.12 billion
-5.12%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.21%
8 Coinbase Wrapped BTC CBBTC $ 65,602.73
$ 2.88B
$ 2.88 billion
-2.63%
9 Bitcoin BEP2 BTCB $ 65,560.41
$ 2.56B
$ 2.56 billion
-2.35%
10 Jito Staked SOL JITOSOL $ 103.09
$ 1.16B
$ 1.16 billion
-5.18%
11 Wrapped BNB WBNB $ 610.64
$ 860.56M
$ 860.56 million
-1.55%
12 Rocket Pool ETH RETH $ 2,229.43
$ 800.11M
$ 800.11 million
-5.11%
13 Lombard Staked Bitcoin LBTC $ 65,831.23
$ 695.92M
$ 695.92 million
-2.51%
14 Mantle Staked Ether METH $ 2,089.06
$ 444.80M
$ 444.80 million
-4.84%
15 Solv BTC SOLVBTC $ 65,514.39
$ 416.79M
$ 416.79 million
-3.95%
16 tBTC v2 TBTC $ 65,352.79
$ 386.42M
$ 386.42 million
-3.19%
17 Binance-Peg XRP Token XRP $ 1.35
$ 332.18M
$ 332.18 million
-4.42%
18 Marinade staked SOL MSOL $ 111.01
$ 280.93M
$ 280.93 million
-5.07%
19 Coinbase Wrapped Staked ETH CBETH $ 2,159.32
$ 271.50M
$ 271.50 million
-3.63%
20 Wrapped Solana SOL $ 81.55
$ 152.44M
$ 152.44 million
-5.26%
21 Wrapped AVAX WAVAX $ 8.91
$ 147.49M
$ 147.49 million
-3.93%
22 BybitSOL BBSOL $ 92.54
$ 107.77M
$ 107.77 million
-5.12%
23 Wrapped Centrifuge CFG $ 0.117
$ 67.06M
$ 67.06 million
-27.66%
24 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.83M
$ 28.83 million
-3.26%
25 Wrapped Matic WMATIC $ 0.108
$ 15.40M
$ 15.40 million
-0.52%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.01%
27 Wrapped NCG WNCG $ 0.00541
$ 1.73M
$ 1.73 million
-1.28%

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

28 Wrapped TRON WTRX $ 0.282
$ 3.62B
$ 3.62 billion
-1.14%
29 Binance Staked SOL BNSOL $ 89.56
$ 878.62M
$ 878.62 million
-5.23%
30 Jupiter Staked SOL JUPSOL $ 95.52
$ 400.05M
$ 400.05 million
-5.14%
31 Bitcoin Avalanche Bridged BTC.b $ 65,511.44
$ 251.82M
$ 251.82 million
-2.08%
32 ckBTC ckBTC $ 65,800.46
$ 31.06M
$ 31.06 million
-3.21%
33 Wrapped NXM WNXM $ 49.25
$ 23.82M
$ 23.82 million
-4.92%
34 Wrapped TAO WTAO $ 175.14
$ 20.74M
$ 20.74 million
-8.61%
35 ckUSDC CKUSDC $ 0.998
$ 1.86M
$ 1.86 million
-0.53%
36 ckETH ckETH $ 1,931.12
$ 1.19M
$ 1.19 million
-4.91%
37 renBTC RENBTC $ 3,011.43
$ 916,976
$ 916,976
-3.24%
38 ckOCT CKOCT $ 0.00558
$ 98.89T
$ 98.89 trillion
+0.98%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,149.26
$ 46.04T
$ 46.04 trillion
+8.92%
40 Wrapped DOGE WDOGE $ 0.108
$ 13.95B
$ 13.95 billion
-3.40%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.11%
42 Wrapped Binance Beacon ETH WBETH $ 2,098.45
$ 2.73B
$ 2.73 billion
-4.88%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+1.28%
44 USDC (Avalance) USDC $ 0.999
$ 720.88M
$ 720.88 million
-0.04%
45 Wrapped Rose wROSE $ 56.02
$ 528.41M
$ 528.41 million
+399,447.96%
46 Wrapped BTC (Wormhole) WBTC $ 65,511.44
$ 261.84M
$ 261.84 million
-2.54%
47 Binance Wrapped BTC BBTC $ 65,527.16
$ 190.03M
$ 190.03 million
-2.63%
48 Gate Wrapped BTC GTBTC $ 65,899.27
$ 151.54M
$ 151.54 million
-2.44%
49 TRON peg TRX $ 0.283
$ 84.46M
$ 84.46 million
-0.96%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,035.18
$ 63.93M
$ 63.93 million
-7.07%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+1.21%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.21%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.01%
Wrapped Matic WMATIC $ 0.108
$ 15.40M
$ 15.40 million
-0.52%
Wrapped NCG WNCG $ 0.00541
$ 1.73M
$ 1.73 million
-1.28%
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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