Wrapped coins

221 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 Price Market cap 24h
1 Lido Staked Ether stETH $ 2,128.52
$ 18.76B
$ 18.76 billion
-2.95%
2 Wrapped BTC WBTC $ 76,797.19
$ 10.55B
$ 10.55 billion
-1.47%
3 Binance-Peg BSC-USD BSC-USD $ 1.06
$ 9.56B
$ 9.56 billion
-1.42%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,620.16
$ 8.82B
$ 8.82 billion
-2.76%
5 Wrapped Ether WETH $ 2,121.91
$ 5.64B
$ 5.64 billion
-2.83%
6 Wrapped eETH weETH $ 2,357.68
$ 4.01B
$ 4.01 billion
-1.34%
7 Bitcoin BEP2 BTCB $ 80,541.06
$ 3.40B
$ 3.40 billion
-1.47%
8 Coinbase Wrapped BTC CBBTC $ 77,162.71
$ 3.08B
$ 3.08 billion
-1.31%
9 Wrapped BNB WBNB $ 667.80
$ 1.15B
$ 1.15 billion
+0.61%
10 Binance Staked SOL BNSOL $ 94.35
$ 938.54M
$ 938.54 million
-1.93%
11 Jito Staked SOL JITOSOL $ 108.81
$ 863.97M
$ 863.97 million
-1.68%
12 Rocket Pool ETH RETH $ 2,493.29
$ 831.18M
$ 831.18 million
-1.79%
13 Lombard Staked Bitcoin LBTC $ 77,664.74
$ 823.11M
$ 823.11 million
-1.08%
14 Mantle Staked Ether METH $ 2,320.76
$ 527.99M
$ 527.99 million
-2.69%
15 tBTC v2 TBTC $ 76,968.22
$ 389.48M
$ 389.48 million
-1.47%
16 Binance-Peg XRP Token XRP $ 1.47
$ 335.81M
$ 335.81 million
+7.38%
17 Bitcoin Avalanche Bridged BTC.b $ 77,079.48
$ 296.46M
$ 296.46 million
-1.52%
18 Coinbase Wrapped Staked ETH CBETH $ 2,397.03
$ 280.25M
$ 280.25 million
-2.91%
19 Marinade staked SOL MSOL $ 117.10
$ 271.52M
$ 271.52 million
-1.86%
20 Wrapped Centrifuge CFG $ 0.255
$ 147.28M
$ 147.28 million
-1.54%
21 Wrapped AVAX WAVAX $ 9.11
$ 146.96M
$ 146.96 million
-2.22%
22 Wrapped Solana SOL $ 84.88
$ 127.32M
$ 127.32 million
-1.97%
23 Wrapped Matic WMATIC $ 0.0901
$ 12.83M
$ 12.83 million
-1.65%
24 Axelar Wrapped USDC AXLUSDC $ 1.03
$ 2.50M
$ 2.50 million
+3.08%

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

25 Ethena Staked USDe sUSDe $ 3.69
$ 11.49B
$ 11.49 billion
+0.27%
26 Solv BTC SOLVBTC $ 80,477.14
$ 518.24M
$ 518.24 million
-1.57%
27 Jupiter Staked SOL JUPSOL $ 100.94
$ 434.22M
$ 434.22 million
-1.48%
28 BybitSOL BBSOL $ 97.41
$ 112.35M
$ 112.35 million
-2.18%
29 Coinbase Wrapped XRP CBXRP $ 1.40
$ 101.84M
$ 101.84 million
-1.36%
30 Wrapped TAO WTAO $ 260.96
$ 28.31M
$ 28.31 million
-4.46%
31 Wrapped NXM WNXM $ 54.73
$ 23.63M
$ 23.63 million
-1.73%
32 ckBTC ckBTC $ 76,860.38
$ 14.79M
$ 14.79 million
-2.08%
33 renBTC RENBTC $ 15,690.90
$ 4.78M
$ 4.78 million
-12.63%
34 ckUSDC CKUSDC $ 0.986
$ 2.01M
$ 2.01 million
-1.46%
35 Wrapped NCG WNCG $ 0.00576
$ 1.85M
$ 1.85 million
-2.23%
36 ckETH ckETH $ 2,143.01
$ 1.33M
$ 1.33 million
+0.61%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,885.86
$ 32.92T
$ 32.92 trillion
-3.65%
38 Wrapped DOGE WDOGE $ 0.108
$ 13.92B
$ 13.92 billion
-0.77%
39 Wrapped BTC (BitGo) WBTC $ 77,408.63
$ 9.16B
$ 9.16 billion
-0.75%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.03%
41 Wrapped Binance Beacon ETH WBETH $ 2,326.15
$ 2.88B
$ 2.88 billion
-2.80%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.03
$ 1.33B
$ 1.33 billion
-0.02%
43 USDC (Avalance) USDC $ 0.995
$ 717.68M
$ 717.68 million
-0.25%
44 Wrapped BTC (Wormhole) WBTC $ 77,191.24
$ 244.96M
$ 244.96 million
-1.00%
45 Binance Wrapped BTC BBTC $ 77,269.34
$ 224.08M
$ 224.08 million
-1.16%
46 Gate Wrapped BTC GTBTC $ 77,409.06
$ 178.01M
$ 178.01 million
-1.34%
47 Wrapped Fantom WFTM $ 0.0532
$ 116.25M
$ 116.25 million
+3.77%
48 TRON peg TRX $ 0.355
$ 106.08M
$ 106.08 million
+0.28%
49 Wrapped DAG WDAG $ 0.0175
$ 64.92M
$ 64.92 million
+0.77%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,015.58
$ 63.31M
$ 63.31 million
-13.09%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Binance-Peg XRP Token XRP $ 1.47
$ 335.81M
$ 335.81 million
+7.38%
Axelar Wrapped USDC AXLUSDC $ 1.03
$ 2.50M
$ 2.50 million
+3.08%
Wrapped BNB WBNB $ 667.80
$ 1.15B
$ 1.15 billion
+0.61%
Lombard Staked Bitcoin LBTC $ 77,664.74
$ 823.11M
$ 823.11 million
-1.08%
Coinbase Wrapped BTC CBBTC $ 77,162.71
$ 3.08B
$ 3.08 billion
-1.31%
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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