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 $ 2,059.81
$ 18.17B
$ 18.17 billion
+3.26%
2 Wrapped BTC WBTC $ 70,634.47
$ 9.71B
$ 9.71 billion
+4.49%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,529.54
$ 8.08B
$ 8.08 billion
+3.49%
5 Wrapped eETH weETH $ 2,240.38
$ 6.37B
$ 6.37 billion
+3.19%
6 Wrapped Ether WETH $ 2,061.85
$ 5.48B
$ 5.48 billion
+3.33%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.08%
8 Coinbase Wrapped BTC CBBTC $ 70,836.62
$ 3.11B
$ 3.11 billion
+4.60%
9 Bitcoin BEP2 BTCB $ 70,768.28
$ 2.97B
$ 2.97 billion
+4.44%
10 Jito Staked SOL JITOSOL $ 110.19
$ 1.24B
$ 1.24 billion
+4.41%
11 Binance Staked SOL BNSOL $ 95.88
$ 940.56M
$ 940.56 million
+4.18%
12 Wrapped BNB WBNB $ 646.73
$ 911.59M
$ 911.59 million
+3.40%
13 Rocket Pool ETH RETH $ 2,380.49
$ 854.32M
$ 854.32 million
+3.20%
14 Lombard Staked Bitcoin LBTC $ 70,637.83
$ 747.09M
$ 747.09 million
+4.45%
15 Mantle Staked Ether METH $ 2,245.96
$ 478.18M
$ 478.18 million
+3.74%
16 Solv BTC SOLVBTC $ 69,810.17
$ 444.28M
$ 444.28 million
+3.78%
17 tBTC v2 TBTC $ 70,721.97
$ 418.17M
$ 418.17 million
+4.65%
18 Marinade staked SOL MSOL $ 118.55
$ 300.01M
$ 300.01 million
+4.37%
19 Coinbase Wrapped Staked ETH CBETH $ 2,317.50
$ 291.39M
$ 291.39 million
+3.23%
20 Bitcoin Avalanche Bridged BTC.b $ 70,773.03
$ 272.04M
$ 272.04 million
+4.69%
21 Wrapped Solana SOL $ 87.00
$ 162.73M
$ 162.73 million
+4.07%
22 Wrapped AVAX WAVAX $ 9.43
$ 156.09M
$ 156.09 million
+3.79%
23 BybitSOL BBSOL $ 99.22
$ 116.61M
$ 116.61 million
+4.23%
24 Wrapped Centrifuge CFG $ 0.139
$ 79.96M
$ 79.96 million
+0.27%
25 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.62M
$ 29.62 million
+3.59%
26 Wrapped Matic WMATIC $ 0.0969
$ 13.80M
$ 13.80 million
+0.24%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.00%

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

28 Jupiter Staked SOL JUPSOL $ 102.22
$ 428.11M
$ 428.11 million
+4.68%
29 Binance-Peg XRP Token XRP $ 1.39
$ 341.80M
$ 341.80 million
+3.63%
30 ckBTC ckBTC $ 69,711.57
$ 32.90M
$ 32.90 million
+3.28%
31 Wrapped NXM WNXM $ 50.78
$ 24.60M
$ 24.60 million
+0.68%
32 Wrapped TAO WTAO $ 196.80
$ 23.30M
$ 23.30 million
+0.15%
33 ckUSDC CKUSDC $ 0.998
$ 1.86M
$ 1.86 million
-0.26%
34 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
+1.37%
35 ckETH ckETH $ 2,054.66
$ 1.27M
$ 1.27 million
+3.43%
36 renBTC RENBTC $ 3,315.17
$ 1.01M
$ 1.01 million
+8.07%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,178.47
$ 46.30T
$ 46.30 trillion
+3.64%
38 Wrapped DOGE WDOGE $ 0.107
$ 13.84B
$ 13.84 billion
+2.86%
39 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.22%
40 Wrapped Binance Beacon ETH WBETH $ 2,250.21
$ 2.93B
$ 2.93 billion
+3.36%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.05%
42 USDC (Avalance) USDC $ 0.999
$ 720.51M
$ 720.51 million
-0.20%
43 Wrapped BTC (Wormhole) WBTC $ 70,692.62
$ 282.58M
$ 282.58 million
+3.86%
44 Binance Wrapped BTC BBTC $ 70,389.74
$ 204.13M
$ 204.13 million
+4.32%
45 Gate Wrapped BTC GTBTC $ 71,054.23
$ 163.40M
$ 163.40 million
+4.51%
46 TRON peg TRX $ 0.285
$ 85.24M
$ 85.24 million
-1.05%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,197.66
$ 69.03M
$ 69.03 million
+3.45%
48 Binance-Peg Bitcoin Cash Token BCH $ 448.10
$ 43.24M
$ 43.24 million
+0.15%
49 Wrapped BTC WBTC.E $ 70,023.72
$ 30.67M
$ 30.67 million
+4.11%
50 ETH by Sui Bridge ETH $ 2,066.02
$ 28.41M
$ 28.41 million
+3.99%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Bitcoin Avalanche Bridged BTC.b $ 70,773.03
$ 272.04M
$ 272.04 million
+4.69%
tBTC v2 TBTC $ 70,721.97
$ 418.17M
$ 418.17 million
+4.65%
Coinbase Wrapped BTC CBBTC $ 70,836.62
$ 3.11B
$ 3.11 billion
+4.60%
Wrapped BTC WBTC $ 70,634.47
$ 9.71B
$ 9.71 billion
+4.49%
Lombard Staked Bitcoin LBTC $ 70,637.83
$ 747.09M
$ 747.09 million
+4.45%
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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