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 $ 2,053.33
$ 18.11B
$ 18.11 billion
+1.71%
2 Wrapped BTC WBTC $ 69,811.60
$ 9.59B
$ 9.59 billion
+0.70%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,523.15
$ 8.06B
$ 8.06 billion
+1.72%
5 Wrapped eETH weETH $ 2,235.97
$ 6.36B
$ 6.36 billion
+1.66%
6 Wrapped Ether WETH $ 2,054.16
$ 5.46B
$ 5.46 billion
+1.63%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.05%
8 Coinbase Wrapped BTC CBBTC $ 69,963.03
$ 3.08B
$ 3.08 billion
+0.71%
9 Bitcoin BEP2 BTCB $ 69,894.56
$ 2.94B
$ 2.94 billion
+0.61%
10 Jito Staked SOL JITOSOL $ 109.37
$ 1.23B
$ 1.23 billion
+1.57%
11 Binance Staked SOL BNSOL $ 94.77
$ 929.65M
$ 929.65 million
+1.23%
12 Wrapped BNB WBNB $ 649.20
$ 914.86M
$ 914.86 million
+1.29%
13 Lombard Staked Bitcoin LBTC $ 70,129.42
$ 742.62M
$ 742.62 million
+0.61%
14 Jupiter Staked SOL JUPSOL $ 105.50
$ 441.84M
$ 441.84 million
+5.66%
15 tBTC v2 TBTC $ 69,924.43
$ 413.46M
$ 413.46 million
+0.71%
16 Coinbase Wrapped Staked ETH CBETH $ 2,311.20
$ 290.63M
$ 290.63 million
+1.67%
17 Bitcoin Avalanche Bridged BTC.b $ 70,067.77
$ 269.34M
$ 269.34 million
+0.81%
18 Marinade staked SOL MSOL $ 117.78
$ 245.46M
$ 245.46 million
+1.62%
19 Wrapped Solana SOL $ 86.19
$ 161.10M
$ 161.10 million
+1.40%
20 Wrapped AVAX WAVAX $ 9.60
$ 135.36M
$ 135.36 million
+0.70%
21 BybitSOL BBSOL $ 97.85
$ 114.42M
$ 114.42 million
+1.13%
22 Wrapped Centrifuge CFG $ 0.126
$ 72.65M
$ 72.65 million
-2.88%
23 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.33M
$ 29.33 million
-0.07%
24 Wrapped TAO WTAO $ 207.12
$ 24.53M
$ 24.53 million
+5.59%
25 Wrapped Matic WMATIC $ 0.0988
$ 14.06M
$ 14.06 million
+2.13%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.04%
27 Wrapped NCG WNCG $ 0.00532
$ 1.70M
$ 1.70 million
-0.22%

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

28 Rocket Pool ETH RETH $ 2,382.64
$ 855.09M
$ 855.09 million
+1.80%
29 Mantle Staked Ether METH $ 2,231.53
$ 475.17M
$ 475.17 million
+1.56%
30 Solv BTC SOLVBTC $ 69,835.35
$ 450.73M
$ 450.73 million
+0.61%
31 Binance-Peg XRP Token XRP $ 1.38
$ 339.14M
$ 339.14 million
+0.32%
32 ckBTC ckBTC $ 69,493.18
$ 32.80M
$ 32.80 million
+0.99%
33 Wrapped NXM WNXM $ 53.44
$ 25.78M
$ 25.78 million
+3.13%
34 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
+0.17%
35 ckETH ckETH $ 2,036.46
$ 1.26M
$ 1.26 million
+2.31%
36 renBTC RENBTC $ 3,802.52
$ 1.16M
$ 1.16 million
+6.67%
37 ckOCT CKOCT $ 0.00403
$ 71.41T
$ 71.41 trillion
+19.64%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,133.53
$ 45.90T
$ 45.90 trillion
-0.06%
39 Wrapped DOGE WDOGE $ 0.107
$ 13.78B
$ 13.78 billion
-1.40%
40 Wrapped BTC (BitGo) WBTC $ 69,597.17
$ 8.33B
$ 8.33 billion
+0.30%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.01%
42 Wrapped Binance Beacon ETH WBETH $ 2,243.13
$ 2.92B
$ 2.92 billion
+1.69%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.02%
44 USDC (Avalance) USDC $ 0.999
$ 720.40M
$ 720.40 million
-0.18%
45 Wrapped BTC (Wormhole) WBTC $ 69,938.05
$ 279.57M
$ 279.57 million
+0.88%
46 Binance Wrapped BTC BBTC $ 69,798.85
$ 202.42M
$ 202.42 million
+0.22%
47 Gate Wrapped BTC GTBTC $ 70,154.65
$ 161.33M
$ 161.33 million
+0.66%
48 TRON peg TRX $ 0.291
$ 86.80M
$ 86.80 million
+1.13%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,170.38
$ 68.17M
$ 68.17 million
+0.77%
50 Wrapped BTC WBTC.E $ 69,773.15
$ 30.49M
$ 30.49 million
+0.04%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Jupiter Staked SOL JUPSOL $ 105.50
$ 441.84M
$ 441.84 million
+5.66%
Wrapped TAO WTAO $ 207.12
$ 24.53M
$ 24.53 million
+5.59%
Wrapped Matic WMATIC $ 0.0988
$ 14.06M
$ 14.06 million
+2.13%
Wrapped liquid staked Ether 2.0 wstETH $ 2,523.15
$ 8.06B
$ 8.06 billion
+1.72%
Lido Staked Ether stETH $ 2,053.33
$ 18.11B
$ 18.11 billion
+1.71%
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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