Wrapped coins 3 coins
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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 $ 2,047.02 $ 18.06B
$ 18.06 billion +3.34% 2 Wrapped BTC WBTC $ 69,989.94 $ 9.62B
$ 9.62 billion +4.43% 3 Binance-Peg BSC-USD BSC-USD $ 0.999 $ 8.98B
$ 8.98 billion -0.08% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,508.67 $ 8.01B
$ 8.01 billion +3.13% 5 Wrapped eETH weETH $ 2,224.31 $ 6.33B
$ 6.33 billion +3.24% 6 Wrapped Ether WETH $ 2,047.86 $ 5.45B
$ 5.45 billion +3.42% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.06% 8 Coinbase Wrapped BTC CBBTC $ 70,139.76 $ 3.08B
$ 3.08 billion +4.40% 9 Bitcoin BEP2 BTCB $ 70,110.58 $ 2.95B
$ 2.95 billion +4.39% 10 Jito Staked SOL JITOSOL $ 109.71 $ 1.23B
$ 1.23 billion +4.01% 11 Binance Staked SOL BNSOL $ 95.44 $ 936.18M
$ 936.18 million +4.14% 12 Wrapped BNB WBNB $ 644.92 $ 909.07M
$ 909.07 million +3.54% 13 Rocket Pool ETH RETH $ 2,366.05 $ 849.14M
$ 849.14 million +3.26% 14 Lombard Staked Bitcoin LBTC $ 70,285.84 $ 743.37M
$ 743.37 million +4.38% 15 Mantle Staked Ether METH $ 2,229.29 $ 474.66M
$ 474.66 million +3.80% 16 tBTC v2 TBTC $ 69,993.23 $ 413.86M
$ 413.86 million +4.23% 17 Marinade staked SOL MSOL $ 118.32 $ 299.42M
$ 299.42 million +4.00% 18 Coinbase Wrapped Staked ETH CBETH $ 2,302.54 $ 289.48M
$ 289.48 million +3.32% 19 Bitcoin Avalanche Bridged BTC.b $ 70,070.54 $ 269.35M
$ 269.35 million +3.89% 20 Wrapped Solana SOL $ 86.75 $ 162.15M
$ 162.15 million +4.09% 21 Wrapped AVAX WAVAX $ 9.43 $ 156.10M
$ 156.10 million +4.70% 22 BybitSOL BBSOL $ 98.65 $ 115.95M
$ 115.95 million +3.82% 23 Wrapped Centrifuge CFG $ 0.140 $ 80.51M
$ 80.51 million +1.77% 24 Coinbase Wrapped XRP CBXRP $ 1.39 $ 29.46M
$ 29.46 million +2.54% 25 Wrapped Matic WMATIC $ 0.0969 $ 13.79M
$ 13.79 million +0.29% 26 Axelar Wrapped USDC AXLUSDC $ 1.00 $ 2.56M
$ 2.56 million +0.05%
The coins below are ranked lower due to missing data.
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27 Solv BTC SOLVBTC $ 69,673.07 $ 443.39M
$ 443.39 million +3.49% 28 Jupiter Staked SOL JUPSOL $ 101.69 $ 425.90M
$ 425.90 million +3.91% 29 Binance-Peg XRP Token XRP $ 1.38 $ 339.34M
$ 339.34 million +2.64% 30 ckBTC ckBTC $ 69,401.67 $ 32.76M
$ 32.76 million +3.82% 31 Wrapped NXM WNXM $ 50.38 $ 24.46M
$ 24.46 million +0.91% 32 Wrapped TAO WTAO $ 200.98 $ 23.80M
$ 23.80 million +2.21% 33 ckUSDC CKUSDC $ 0.996 $ 1.85M
$ 1.85 million -0.07% 34 Wrapped NCG WNCG $ 0.00529 $ 1.70M
$ 1.70 million +1.21% 35 ckETH ckETH $ 2,039.46 $ 1.26M
$ 1.26 million +3.27% 36 renBTC RENBTC $ 3,287.24 $ 1.00M
$ 1.00 million +6.85% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,137.05 $ 45.93T
$ 45.93 trillion +2.81% 38 Wrapped DOGE WDOGE $ 0.104 $ 13.38B
$ 13.38 billion +2.82% 39 USDC (BASE) USDC $ 0.999 $ 4.34B
$ 4.34 billion -0.11% 40 Wrapped Binance Beacon ETH WBETH $ 2,235.53 $ 2.91B
$ 2.91 billion +3.53% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.20% 42 USDC (Avalance) USDC $ 0.999 $ 720.70M
$ 720.70 million -0.26% 43 Wrapped BTC (Wormhole) WBTC $ 70,024.05 $ 279.40M
$ 279.40 million +4.27% 44 Binance Wrapped BTC BBTC $ 70,030.02 $ 203.09M
$ 203.09 million +4.18% 45 Gate Wrapped BTC GTBTC $ 70,518.05 $ 162.16M
$ 162.16 million +4.62% 46 TRON peg TRX $ 0.285 $ 85.23M
$ 85.23 million -1.50% 47 Kelp DAO Wrapped rsETH WRSETH $ 2,178.88 $ 68.44M
$ 68.44 million +3.59% 48 Binance-Peg Bitcoin Cash Token BCH $ 444.92 $ 42.93M
$ 42.93 million -1.43% 49 Wrapped BTC WBTC.E $ 69,315.13 $ 30.36M
$ 30.36 million +3.03% 50 ETH by Sui Bridge ETH $ 2,049.36 $ 28.18M
$ 28.18 million +3.72%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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