Wrapped coins

222 coins #19

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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 2,023.38
$ 17.95B
$ 17.95 billion
-2.30%
2 Wrapped BTC WBTC $ 74,364.90
$ 10.21B
$ 10.21 billion
-1.68%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.13%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,505.66
$ 8.44B
$ 8.44 billion
-2.11%
5 Wrapped Ether WETH $ 2,024.74
$ 5.38B
$ 5.38 billion
-2.18%
6 Wrapped eETH weETH $ 2,225.46
$ 3.54B
$ 3.54 billion
-1.97%
7 Bitcoin BEP2 BTCB $ 74,412.51
$ 3.14B
$ 3.14 billion
-1.82%
8 Coinbase Wrapped BTC CBBTC $ 74,440.47
$ 3.08B
$ 3.08 billion
-1.77%
9 Wrapped BNB WBNB $ 647.21
$ 1.12B
$ 1.12 billion
-1.29%
10 Jito Staked SOL JITOSOL $ 105.63
$ 838.63M
$ 838.63 million
-1.30%
11 Lombard Staked Bitcoin LBTC $ 74,851.42
$ 792.86M
$ 792.86 million
-2.24%
12 Rocket Pool ETH RETH $ 2,358.07
$ 786.62M
$ 786.62 million
-2.39%
13 Mantle Staked Ether METH $ 2,213.44
$ 457.69M
$ 457.69 million
-2.25%
14 tBTC v2 TBTC $ 74,494.90
$ 356.47M
$ 356.47 million
-1.79%
15 Binance-Peg XRP Token XRP $ 1.31
$ 300.05M
$ 300.05 million
-1.48%
16 Bitcoin Avalanche Bridged BTC.b $ 74,388.29
$ 285.95M
$ 285.95 million
-1.93%
17 Coinbase Wrapped Staked ETH CBETH $ 2,289.67
$ 267.78M
$ 267.78 million
-2.17%
18 Marinade staked SOL MSOL $ 113.92
$ 264.15M
$ 264.15 million
-1.10%
19 Wrapped Centrifuge CFG $ 0.295
$ 170.04M
$ 170.04 million
+2.11%
20 Wrapped AVAX WAVAX $ 9.03
$ 145.67M
$ 145.67 million
-1.33%
21 Wrapped Solana SOL $ 82.71
$ 124.07M
$ 124.07 million
-0.99%
22 Wrapped TAO WTAO $ 269.22
$ 28.91M
$ 28.91 million
-4.44%
23 Wrapped Matic WMATIC $ 0.0899
$ 12.79M
$ 12.79 million
-2.15%
24 Wrapped NCG WNCG $ 0.00761
$ 2.44M
$ 2.44 million
-5.97%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.14%

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

26 Ethena Staked USDe sUSDe $ 3.34
$ 10.40B
$ 10.40 billion
-0.51%
27 Wrapped TRON WTRX $ 0.369
$ 1.46B
$ 1.46 billion
-1.73%
28 Binance Staked SOL BNSOL $ 92.16
$ 916.75M
$ 916.75 million
-1.14%
29 Solv BTC SOLVBTC $ 74,925.52
$ 474.61M
$ 474.61 million
-1.24%
30 Jupiter Staked SOL JUPSOL $ 98.26
$ 421.42M
$ 421.42 million
-1.13%
31 BybitSOL BBSOL $ 95.43
$ 116.46M
$ 116.46 million
-0.89%
32 Coinbase Wrapped XRP CBXRP $ 1.31
$ 99.98M
$ 99.98 million
-1.51%
33 Wrapped NXM WNXM $ 52.71
$ 22.62M
$ 22.62 million
-2.81%
34 ckBTC ckBTC $ 75,732.98
$ 14.57M
$ 14.57 million
+0.31%
35 renBTC RENBTC $ 19,802.91
$ 6.03M
$ 6.03 million
+0.51%
36 ckUSDC CKUSDC $ 1.00
$ 2.05M
$ 2.05 million
+0.55%
37 ckETH ckETH $ 2,043.85
$ 1.26M
$ 1.26 million
-0.78%
38 ckOCT CKOCT $ 0.00619
$ 109.71T
$ 109.71 trillion
-10.75%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,591.83
$ 68.78T
$ 68.78 trillion
+1.64%
40 Wrapped BTC (BitGo) WBTC $ 74,737.64
$ 8.85B
$ 8.85 billion
-1.50%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+1.06%
42 Wrapped Binance Beacon ETH WBETH $ 2,226.04
$ 2.76B
$ 2.76 billion
-2.18%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.02%
44 USDC (Avalance) USDC $ 0.998
$ 719.75M
$ 719.75 million
+0.37%
45 Wrapped BTC (Wormhole) WBTC $ 74,339.60
$ 223.75M
$ 223.75 million
-1.65%
46 Binance Wrapped BTC BBTC $ 74,979.38
$ 217.44M
$ 217.44 million
-1.21%
47 Gate Wrapped BTC GTBTC $ 74,933.42
$ 172.32M
$ 172.32 million
-1.53%
48 TRON peg TRX $ 0.367
$ 109.54M
$ 109.54 million
-2.12%
49 Wrapped Fantom WFTM $ 0.0481
$ 105.25M
$ 105.25 million
-0.35%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,179.06
$ 68.45M
$ 68.45 million
+0.32%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped Centrifuge CFG $ 0.295
$ 170.04M
$ 170.04 million
+2.11%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.14%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.13%
Wrapped Solana SOL $ 82.71
$ 124.07M
$ 124.07 million
-0.99%
Marinade staked SOL MSOL $ 113.92
$ 264.15M
$ 264.15 million
-1.10%
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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