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 $ 2,028.41
$ 17.98B
$ 17.98 billion
-4.38%
2 Wrapped BTC WBTC $ 74,438.31
$ 10.22B
$ 10.22 billion
-3.38%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-5.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,505.69
$ 8.45B
$ 8.45 billion
-4.39%
5 Wrapped Ether WETH $ 2,028.21
$ 5.39B
$ 5.39 billion
-4.43%
6 Wrapped eETH weETH $ 2,222.59
$ 3.62B
$ 3.62 billion
-4.34%
7 Bitcoin BEP2 BTCB $ 74,695.86
$ 3.15B
$ 3.15 billion
-7.08%
8 Coinbase Wrapped BTC CBBTC $ 74,623.83
$ 3.04B
$ 3.04 billion
-3.35%
9 Wrapped BNB WBNB $ 640.51
$ 1.11B
$ 1.11 billion
-4.66%
10 Jito Staked SOL JITOSOL $ 104.96
$ 833.31M
$ 833.31 million
-5.80%
11 Lombard Staked Bitcoin LBTC $ 74,913.31
$ 793.80M
$ 793.80 million
-3.46%
12 Rocket Pool ETH RETH $ 2,362.33
$ 789.03M
$ 789.03 million
-4.37%
13 Mantle Staked Ether METH $ 2,207.34
$ 457.02M
$ 457.02 million
-4.74%
14 Jupiter Staked SOL JUPSOL $ 97.51
$ 418.18M
$ 418.18 million
-5.67%
15 tBTC v2 TBTC $ 74,601.17
$ 357.53M
$ 357.53 million
-3.34%
16 Binance-Peg XRP Token XRP $ 1.31
$ 300.17M
$ 300.17 million
+1.66%
17 Bitcoin Avalanche Bridged BTC.b $ 74,510.25
$ 286.41M
$ 286.41 million
-3.55%
18 Coinbase Wrapped Staked ETH CBETH $ 2,294.98
$ 268.22M
$ 268.22 million
-4.27%
19 Marinade staked SOL MSOL $ 113.28
$ 262.67M
$ 262.67 million
-5.70%
20 Wrapped Centrifuge CFG $ 0.267
$ 154.16M
$ 154.16 million
-15.36%
21 Wrapped AVAX WAVAX $ 8.88
$ 143.28M
$ 143.28 million
-6.62%
22 Wrapped Solana SOL $ 82.10
$ 123.15M
$ 123.15 million
-5.82%
23 Coinbase Wrapped XRP CBXRP $ 1.31
$ 98.23M
$ 98.23 million
-3.68%
24 Wrapped NXM WNXM $ 53.13
$ 22.80M
$ 22.80 million
-1.02%
25 Wrapped Matic WMATIC $ 0.0882
$ 12.55M
$ 12.55 million
-4.83%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
-2.73%

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

27 Ethena Staked USDe sUSDe $ 3.49
$ 10.86B
$ 10.86 billion
-0.58%
28 Wrapped TRON WTRX $ 0.360
$ 1.43B
$ 1.43 billion
-1.26%
29 Binance Staked SOL BNSOL $ 91.31
$ 908.29M
$ 908.29 million
-5.99%
30 Solv BTC SOLVBTC $ 74,661.72
$ 473.64M
$ 473.64 million
-5.42%
31 BybitSOL BBSOL $ 94.49
$ 110.74M
$ 110.74 million
-6.03%
32 Wrapped TAO WTAO $ 260.47
$ 28.02M
$ 28.02 million
-7.52%
33 ckBTC ckBTC $ 74,720.95
$ 14.38M
$ 14.38 million
-1.81%
34 renBTC RENBTC $ 17,274.05
$ 5.26M
$ 5.26 million
-9.87%
35 ckUSDC CKUSDC $ 1.01
$ 2.06M
$ 2.06 million
+1.29%
36 Wrapped NCG WNCG $ 0.00535
$ 1.72M
$ 1.72 million
-0.26%
37 ckETH ckETH $ 2,041.86
$ 1.26M
$ 1.26 million
-3.16%
38 ckOCT CKOCT $ 0.00680
$ 120.41T
$ 120.41 trillion
+43.93%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,443.91
$ 66.56T
$ 66.56 trillion
-2.31%
40 Wrapped DOGE WDOGE $ 0.0964
$ 12.44B
$ 12.44 billion
-8.44%
41 Wrapped BTC (BitGo) WBTC $ 74,606.95
$ 8.83B
$ 8.83 billion
-3.00%
42 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.34%
43 Wrapped Binance Beacon ETH WBETH $ 2,226.12
$ 2.76B
$ 2.76 billion
-4.37%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+6.00%
45 USDC (Avalance) USDC $ 0.999
$ 721.04M
$ 721.04 million
+0.48%
46 Wrapped BTC (Wormhole) WBTC $ 74,417.19
$ 223.99M
$ 223.99 million
-3.29%
47 Binance Wrapped BTC BBTC $ 74,640.37
$ 216.46M
$ 216.46 million
-3.41%
48 Gate Wrapped BTC GTBTC $ 74,823.37
$ 172.06M
$ 172.06 million
-3.52%
49 TRON peg TRX $ 0.360
$ 107.58M
$ 107.58 million
-0.97%
50 Wrapped Fantom WFTM $ 0.0487
$ 106.47M
$ 106.47 million
-1.11%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Binance-Peg XRP Token XRP $ 1.31
$ 300.17M
$ 300.17 million
+1.66%
Wrapped NXM WNXM $ 53.13
$ 22.80M
$ 22.80 million
-1.02%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
-2.73%
tBTC v2 TBTC $ 74,601.17
$ 357.53M
$ 357.53 million
-3.34%
Coinbase Wrapped BTC CBBTC $ 74,623.83
$ 3.04B
$ 3.04 billion
-3.35%
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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