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 $ 2,263.29
$ 19.96B
$ 19.96 billion
+7.35%
2 Wrapped BTC WBTC $ 73,730.15
$ 10.14B
$ 10.14 billion
+3.20%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.28%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,780.34
$ 8.88B
$ 8.88 billion
+7.39%
5 Wrapped eETH weETH $ 2,464.94
$ 7.01B
$ 7.01 billion
+7.59%
6 Wrapped Ether WETH $ 2,266.79
$ 6.03B
$ 6.03 billion
+7.30%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.01%
8 Coinbase Wrapped BTC CBBTC $ 73,846.22
$ 3.25B
$ 3.25 billion
+3.12%
9 Bitcoin BEP2 BTCB $ 73,849.62
$ 3.11B
$ 3.11 billion
+3.33%
10 Jito Staked SOL JITOSOL $ 118.21
$ 1.33B
$ 1.33 billion
+5.73%
11 Wrapped BNB WBNB $ 684.11
$ 963.99M
$ 963.99 million
+3.95%
12 Rocket Pool ETH RETH $ 2,625.46
$ 942.24M
$ 942.24 million
+7.69%
13 Binance Staked SOL BNSOL $ 103.40
$ 881.92M
$ 881.92 million
+6.08%
14 Lombard Staked Bitcoin LBTC $ 73,905.44
$ 783.98M
$ 783.98 million
+3.09%
15 Mantle Staked Ether METH $ 2,458.24
$ 523.37M
$ 523.37 million
+7.39%
16 tBTC v2 TBTC $ 73,867.28
$ 436.71M
$ 436.71 million
+3.21%
17 Jupiter Staked SOL JUPSOL $ 108.28
$ 394.21M
$ 394.21 million
+4.54%
18 Binance-Peg XRP Token XRP $ 1.48
$ 362.52M
$ 362.52 million
+4.60%
19 Coinbase Wrapped Staked ETH CBETH $ 2,548.89
$ 320.34M
$ 320.34 million
+7.27%
20 Bitcoin Avalanche Bridged BTC.b $ 73,865.53
$ 283.93M
$ 283.93 million
+3.09%
21 Marinade staked SOL MSOL $ 127.30
$ 265.29M
$ 265.29 million
+5.67%
22 Wrapped AVAX WAVAX $ 10.41
$ 146.80M
$ 146.80 million
+7.10%
23 Wrapped Solana SOL $ 93.44
$ 140.16M
$ 140.16 million
+5.65%
24 BybitSOL BBSOL $ 106.54
$ 123.17M
$ 123.17 million
+5.92%
25 Wrapped Centrifuge CFG $ 0.121
$ 69.87M
$ 69.87 million
-1.68%
26 Wrapped TAO WTAO $ 279.87
$ 33.14M
$ 33.14 million
+4.69%
27 Coinbase Wrapped XRP CBXRP $ 1.47
$ 31.36M
$ 31.36 million
+4.30%
28 Wrapped NXM WNXM $ 57.52
$ 27.83M
$ 27.83 million
+6.84%
29 Wrapped Matic WMATIC $ 0.100
$ 14.29M
$ 14.29 million
+3.98%
30 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.06%
31 Wrapped NCG WNCG $ 0.00542
$ 1.74M
$ 1.74 million
+0.82%

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

32 Solv BTC SOLVBTC $ 73,866.94
$ 477.79M
$ 477.79 million
+3.62%
33 ckBTC ckBTC $ 73,345.09
$ 34.62M
$ 34.62 million
+1.65%
34 ckUSDC CKUSDC $ 0.997
$ 1.57M
$ 1.57 million
-0.75%
35 ckETH ckETH $ 2,284.61
$ 1.41M
$ 1.41 million
+8.19%
36 renBTC RENBTC $ 4,345.93
$ 1.32M
$ 1.32 million
+3.16%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,311.54
$ 47.49T
$ 47.49 trillion
+3.42%
38 ckOCT CKOCT $ 0.00176
$ 31.19T
$ 31.19 trillion
-65.78%
39 Wrapped BTC (BitGo) WBTC $ 73,713.89
$ 8.82B
$ 8.82 billion
+3.07%
40 USDC (BASE) USDC $ 0.999
$ 4.33B
$ 4.33 billion
-0.03%
41 Wrapped Binance Beacon ETH WBETH $ 2,473.41
$ 3.22B
$ 3.22 billion
+7.22%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.07%
43 USDC (Avalance) USDC $ 0.996
$ 718.56M
$ 718.56 million
-0.21%
44 Wrapped BTC (Wormhole) WBTC $ 73,517.93
$ 293.88M
$ 293.88 million
+3.06%
45 Binance Wrapped BTC BBTC $ 73,715.62
$ 213.78M
$ 213.78 million
+3.11%
46 Gate Wrapped BTC GTBTC $ 74,115.48
$ 170.44M
$ 170.44 million
+3.07%
47 TRON peg TRX $ 0.299
$ 89.23M
$ 89.23 million
+0.53%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,392.68
$ 75.16M
$ 75.16 million
+6.89%
49 Binance-Peg Bitcoin Cash Token BCH $ 469.77
$ 45.33M
$ 45.33 million
+0.77%
50 Wrapped BTC WBTC.E $ 73,769.31
$ 32.31M
$ 32.31 million
+3.38%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Rocket Pool ETH RETH $ 2,625.46
$ 942.24M
$ 942.24 million
+7.69%
Wrapped eETH weETH $ 2,464.94
$ 7.01B
$ 7.01 billion
+7.59%
Wrapped liquid staked Ether 2.0 wstETH $ 2,780.34
$ 8.88B
$ 8.88 billion
+7.39%
Mantle Staked Ether METH $ 2,458.24
$ 523.37M
$ 523.37 million
+7.39%
Lido Staked Ether stETH $ 2,263.29
$ 19.96B
$ 19.96 billion
+7.35%
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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