Wrapped coins

211 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 $ 2,177.73
$ 20.37B
$ 20.37 billion
-3.55%
2 Wrapped BTC WBTC $ 70,992.18
$ 9.75B
$ 9.75 billion
-1.83%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,685.98
$ 9.69B
$ 9.69 billion
-3.37%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
+0.10%
5 Wrapped eETH weETH $ 2,382.04
$ 5.81B
$ 5.81 billion
-3.25%
6 Wrapped Ether WETH $ 2,179.10
$ 5.79B
$ 5.79 billion
-3.80%
7 Coinbase Wrapped BTC CBBTC $ 71,152.60
$ 3.40B
$ 3.40 billion
-1.73%
8 Bitcoin BEP2 BTCB $ 71,090.98
$ 2.99B
$ 2.99 billion
-1.91%
9 Wrapped BNB WBNB $ 602.38
$ 1.04B
$ 1.04 billion
-1.84%
10 Jito Staked SOL JITOSOL $ 104.59
$ 943.24M
$ 943.24 million
-2.72%
11 Rocket Pool ETH RETH $ 2,531.01
$ 854.64M
$ 854.64 million
-3.23%
12 Lombard Staked Bitcoin LBTC $ 71,301.80
$ 756.42M
$ 756.42 million
-1.38%
13 Mantle Staked Ether METH $ 2,375.96
$ 633.31M
$ 633.31 million
-3.57%
14 Solv BTC SOLVBTC $ 71,098.62
$ 507.89M
$ 507.89 million
-1.69%
15 tBTC v2 TBTC $ 71,155.19
$ 428.12M
$ 428.12 million
-1.48%
16 Binance-Peg XRP Token XRP $ 1.33
$ 305.90M
$ 305.90 million
-3.62%
17 Coinbase Wrapped Staked ETH CBETH $ 2,456.55
$ 296.57M
$ 296.57 million
-3.66%
18 Bitcoin Avalanche Bridged BTC.b $ 71,132.32
$ 273.42M
$ 273.42 million
-1.51%
19 Marinade staked SOL MSOL $ 112.73
$ 228.98M
$ 228.98 million
-2.66%
20 Wrapped AVAX WAVAX $ 9.09
$ 144.62M
$ 144.62 million
-3.01%
21 Wrapped Solana SOL $ 82.21
$ 123.35M
$ 123.35 million
-2.88%
22 Wrapped Centrifuge CFG $ 0.183
$ 105.90M
$ 105.90 million
+0.52%
23 Coinbase Wrapped XRP CBXRP $ 1.33
$ 72.13M
$ 72.13 million
-4.02%
24 Wrapped Matic WMATIC $ 0.0867
$ 12.34M
$ 12.34 million
-5.88%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.49M
$ 2.49 million
+0.06%
26 Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
-2.74%

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

27 Ethena Staked USDe sUSDe $ 2.74
$ 8.55B
$ 8.55 billion
-2.34%
28 Binance Staked SOL BNSOL $ 90.94
$ 776.59M
$ 776.59 million
-2.84%
29 Jupiter Staked SOL JUPSOL $ 97.01
$ 353.18M
$ 353.18 million
-2.72%
30 BybitSOL BBSOL $ 93.78
$ 95.86M
$ 95.86 million
-2.96%
31 ckBTC ckBTC $ 71,333.85
$ 33.67M
$ 33.67 million
-0.76%
32 Wrapped TAO WTAO $ 326.96
$ 33.36M
$ 33.36 million
-5.07%
33 Wrapped NXM WNXM $ 54.52
$ 24.06M
$ 24.06 million
-4.01%
34 renBTC RENBTC $ 9,956.66
$ 3.02M
$ 3.02 million
+1.65%
35 ckUSDC CKUSDC $ 0.999
$ 1.58M
$ 1.58 million
-0.09%
36 ckETH ckETH $ 2,191.65
$ 1.36M
$ 1.36 million
-2.45%
37 Wrapped BTC (BitGo) WBTC $ 70,997.69
$ 8.50B
$ 8.50 billion
-0.41%
38 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.00%
39 Wrapped Binance Beacon ETH WBETH $ 2,384.61
$ 3.10B
$ 3.10 billion
-3.67%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.974
$ 1.26B
$ 1.26 billion
-2.51%
41 USDC (Avalance) USDC $ 0.999
$ 720.68M
$ 720.68 million
+0.07%
42 Wrapped BTC (Wormhole) WBTC $ 71,055.11
$ 263.23M
$ 263.23 million
-1.24%
43 Binance Wrapped BTC BBTC $ 71,207.82
$ 206.50M
$ 206.50 million
-1.03%
44 Gate Wrapped BTC GTBTC $ 71,456.99
$ 164.32M
$ 164.32 million
-1.87%
45 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.39M
$ 122.39 million
-0.00%
46 TRON peg TRX $ 0.316
$ 94.48M
$ 94.48 million
-0.12%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,324.19
$ 73.01M
$ 73.01 million
-3.37%
48 Binance-Peg Bitcoin Cash Token BCH $ 441.70
$ 42.62M
$ 42.62 million
-0.32%
49 Wrapped DAG WDAG $ 0.00877
$ 32.56M
$ 32.56 million
+2.17%
50 Wrapped BTC WBTC.E $ 70,994.86
$ 31.10M
$ 31.10 million
-1.27%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.183
$ 105.90M
$ 105.90 million
+0.52%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
+0.10%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.49M
$ 2.49 million
+0.06%
Lombard Staked Bitcoin LBTC $ 71,301.80
$ 756.42M
$ 756.42 million
-1.38%
tBTC v2 TBTC $ 71,155.19
$ 428.12M
$ 428.12 million
-1.48%
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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