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 $ 1,571.38
$ 13.96B
$ 13.96 billion
-11.32%
2 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.17%
3 Wrapped BTC WBTC $ 59,966.84
$ 8.24B
$ 8.24 billion
-6.00%
4 Wrapped liquid staked Ether 2.0 wstETH $ 1,934.50
$ 6.75B
$ 6.75 billion
-11.77%
5 Wrapped Ether WETH $ 1,563.92
$ 4.16B
$ 4.16 billion
-11.89%
6 Wrapped eETH weETH $ 1,723.90
$ 2.74B
$ 2.74 billion
-11.27%
7 Bitcoin BEP2 BTCB $ 60,131.86
$ 2.62B
$ 2.62 billion
-5.91%
8 Coinbase Wrapped BTC CBBTC $ 60,144.82
$ 2.61B
$ 2.61 billion
-5.84%
9 Wrapped BNB WBNB $ 567.06
$ 978.56M
$ 978.56 million
-6.90%
10 Binance Staked SOL BNSOL $ 71.13
$ 706.41M
$ 706.41 million
-8.49%
11 Lombard Staked Bitcoin LBTC $ 60,611.18
$ 641.48M
$ 641.48 million
-4.55%
12 Jito Staked SOL JITOSOL $ 82.36
$ 625.03M
$ 625.03 million
-7.48%
13 Rocket Pool ETH RETH $ 1,847.41
$ 614.96M
$ 614.96 million
-10.40%
14 Solv BTC SOLVBTC $ 59,808.07
$ 378.04M
$ 378.04 million
-5.85%
15 Mantle Staked Ether METH $ 1,711.14
$ 358.17M
$ 358.17 million
-11.58%
16 tBTC v2 TBTC $ 60,290.40
$ 292.45M
$ 292.45 million
-5.22%
17 Binance-Peg XRP Token XRP $ 1.10
$ 248.74M
$ 248.74 million
-6.58%
18 Bitcoin Avalanche Bridged BTC.b $ 60,039.41
$ 230.72M
$ 230.72 million
-6.07%
19 Coinbase Wrapped Staked ETH CBETH $ 1,769.15
$ 206.76M
$ 206.76 million
-11.77%
20 Marinade staked SOL MSOL $ 88.67
$ 205.59M
$ 205.59 million
-7.53%
21 Wrapped Centrifuge CFG $ 0.196
$ 113.38M
$ 113.38 million
-16.37%
22 Wrapped AVAX WAVAX $ 6.89
$ 111.10M
$ 111.10 million
-11.76%
23 Wrapped Solana SOL $ 63.88
$ 95.81M
$ 95.81 million
-8.10%
24 Coinbase Wrapped XRP CBXRP $ 1.10
$ 91.31M
$ 91.31 million
-6.48%
25 Wrapped NXM WNXM $ 44.11
$ 18.81M
$ 18.81 million
-5.58%
26 Wrapped Matic WMATIC $ 0.0722
$ 10.27M
$ 10.27 million
-20.44%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.07%
28 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
-8.31%

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

29 Ethena Staked USDe sUSDe $ 3.41
$ 10.63B
$ 10.63 billion
+0.86%
30 Wrapped TRON WTRX $ 0.322
$ 1.28B
$ 1.28 billion
-2.67%
31 Jupiter Staked SOL JUPSOL $ 76.77
$ 329.23M
$ 329.23 million
-6.71%
32 BybitSOL BBSOL $ 73.90
$ 81.54M
$ 81.54 million
-7.91%
33 Wrapped TAO WTAO $ 193.01
$ 20.68M
$ 20.68 million
-11.08%
34 ckBTC ckBTC $ 54,721.83
$ 10.53M
$ 10.53 million
-11.81%
35 renBTC RENBTC $ 12,530.77
$ 3.82M
$ 3.82 million
-7.79%
36 ckUSDC CKUSDC $ 0.981
$ 2.00M
$ 2.00 million
-2.18%
37 ckETH ckETH $ 1,488.48
$ 920,414
$ 920,414
-14.77%
38 ckOCT CKOCT $ 0.00470
$ 83.18T
$ 83.18 trillion
-19.53%
39 Wrapped BTC (BitGo) WBTC $ 60,465.09
$ 7.04B
$ 7.04 billion
-4.25%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.36%
41 Wrapped Binance Beacon ETH WBETH $ 1,714.17
$ 2.12B
$ 2.12 billion
-12.08%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.16%
43 USDC (Avalance) USDC $ 1.00
$ 722.62M
$ 722.62 million
+0.30%
44 Wrapped BTC (Wormhole) WBTC $ 60,082.77
$ 180.84M
$ 180.84 million
-5.74%
45 Binance Wrapped BTC BBTC $ 60,381.36
$ 175.11M
$ 175.11 million
-4.79%
46 Gate Wrapped BTC GTBTC $ 60,281.22
$ 138.62M
$ 138.62 million
-5.95%
47 TRON peg TRX $ 0.322
$ 96.21M
$ 96.21 million
-2.57%
48 Wrapped Fantom WFTM $ 0.0432
$ 94.37M
$ 94.37 million
-3.31%
49 Kelp DAO Wrapped rsETH WRSETH $ 1,660.97
$ 52.17M
$ 52.17 million
-11.99%
50 Cardano AP3X Token cAP3X $ 0.0156
$ 46.74M
$ 46.74 million
-2.72%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.17%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.07%
Lombard Staked Bitcoin LBTC $ 60,611.18
$ 641.48M
$ 641.48 million
-4.55%
tBTC v2 TBTC $ 60,290.40
$ 292.45M
$ 292.45 million
-5.22%
Wrapped NXM WNXM $ 44.11
$ 18.81M
$ 18.81 million
-5.58%
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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