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 $ 2,078.24
$ 18.35B
$ 18.35 billion
+1.15%
2 Wrapped BTC WBTC $ 71,321.11
$ 9.80B
$ 9.80 billion
+0.30%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.05%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,551.51
$ 8.15B
$ 8.15 billion
+0.87%
5 Wrapped eETH weETH $ 2,268.11
$ 6.45B
$ 6.45 billion
+1.24%
6 Wrapped Ether WETH $ 2,082.45
$ 5.54B
$ 5.54 billion
+1.14%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.10%
8 Coinbase Wrapped BTC CBBTC $ 71,411.12
$ 3.14B
$ 3.14 billion
+0.13%
9 Bitcoin BEP2 BTCB $ 71,454.73
$ 3.00B
$ 3.00 billion
+0.20%
10 Jito Staked SOL JITOSOL $ 112.83
$ 1.27B
$ 1.27 billion
-0.46%
11 Wrapped BNB WBNB $ 651.17
$ 917.75M
$ 917.75 million
+0.04%
12 Rocket Pool ETH RETH $ 2,409.02
$ 864.56M
$ 864.56 million
+1.25%
13 Lombard Staked Bitcoin LBTC $ 72,093.84
$ 762.20M
$ 762.20 million
+1.16%
14 Mantle Staked Ether METH $ 2,259.19
$ 481.02M
$ 481.02 million
+1.03%
15 Solv BTC SOLVBTC $ 71,664.54
$ 467.71M
$ 467.71 million
+0.87%
16 tBTC v2 TBTC $ 71,310.84
$ 421.65M
$ 421.65 million
+0.65%
17 Binance-Peg XRP Token XRP $ 1.41
$ 346.76M
$ 346.76 million
+1.17%
18 Marinade staked SOL MSOL $ 121.55
$ 307.62M
$ 307.62 million
-0.26%
19 Coinbase Wrapped Staked ETH CBETH $ 2,340.89
$ 294.32M
$ 294.32 million
+1.04%
20 Bitcoin Avalanche Bridged BTC.b $ 72,165.59
$ 277.46M
$ 277.46 million
+1.78%
21 Wrapped Solana SOL $ 89.15
$ 166.64M
$ 166.64 million
-0.35%
22 Wrapped AVAX WAVAX $ 9.47
$ 156.67M
$ 156.67 million
+1.89%
23 BybitSOL BBSOL $ 101.71
$ 120.65M
$ 120.65 million
-0.29%
24 Wrapped Centrifuge CFG $ 0.146
$ 83.64M
$ 83.64 million
+4.58%
25 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.08M
$ 30.08 million
+1.08%
26 Wrapped Matic WMATIC $ 0.102
$ 14.51M
$ 14.51 million
-1.00%
27 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.17%

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

28 Binance Staked SOL BNSOL $ 98.58
$ 967.62M
$ 967.62 million
-0.29%
29 Jupiter Staked SOL JUPSOL $ 105.17
$ 440.45M
$ 440.45 million
+0.61%
30 ckBTC ckBTC $ 70,848.60
$ 33.44M
$ 33.44 million
+0.17%
31 Wrapped NXM WNXM $ 54.07
$ 26.14M
$ 26.14 million
+3.97%
32 Wrapped TAO WTAO $ 189.45
$ 22.43M
$ 22.43 million
+1.13%
33 ckUSDC CKUSDC $ 0.999
$ 1.86M
$ 1.86 million
-0.74%
34 Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
+1.03%
35 ckETH ckETH $ 2,071.46
$ 1.28M
$ 1.28 million
+1.05%
36 renBTC RENBTC $ 3,181.35
$ 968,714
$ 968,714
+0.93%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,000.15
$ 44.71T
$ 44.71 trillion
-0.75%
38 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.34%
39 Wrapped Binance Beacon ETH WBETH $ 2,270.49
$ 2.96B
$ 2.96 billion
+1.18%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.31%
41 USDC (Avalance) USDC $ 1.000
$ 721.20M
$ 721.20 million
+0.21%
42 Wrapped BTC (Wormhole) WBTC $ 71,188.19
$ 284.56M
$ 284.56 million
+0.19%
43 Binance Wrapped BTC BBTC $ 72,406.36
$ 209.98M
$ 209.98 million
+1.78%
44 Gate Wrapped BTC GTBTC $ 71,727.53
$ 164.95M
$ 164.95 million
+0.05%
45 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.63M
$ 91.63 million
+0.22%
46 TRON peg TRX $ 0.284
$ 84.76M
$ 84.76 million
-0.10%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,241.19
$ 70.40M
$ 70.40 million
+2.76%
48 Binance-Peg Bitcoin Cash Token BCH $ 459.89
$ 44.38M
$ 44.38 million
+0.12%
49 Wrapped BTC WBTC.E $ 72,096.27
$ 31.58M
$ 31.58 million
+1.86%
50 ETH by Sui Bridge ETH $ 2,095.35
$ 28.81M
$ 28.81 million
+1.72%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.146
$ 83.64M
$ 83.64 million
+4.58%
Wrapped AVAX WAVAX $ 9.47
$ 156.67M
$ 156.67 million
+1.89%
Bitcoin Avalanche Bridged BTC.b $ 72,165.59
$ 277.46M
$ 277.46 million
+1.78%
Rocket Pool ETH RETH $ 2,409.02
$ 864.56M
$ 864.56 million
+1.25%
Wrapped eETH weETH $ 2,268.11
$ 6.45B
$ 6.45 billion
+1.24%
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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