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 $ 2,127.96
$ 18.85B
$ 18.85 billion
+0.46%
2 Wrapped BTC WBTC $ 76,576.23
$ 10.52B
$ 10.52 billion
-0.04%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,638.16
$ 8.89B
$ 8.89 billion
+1.18%
4 Binance-Peg BSC-USD BSC-USD $ 0.938
$ 8.43B
$ 8.43 billion
-10.36%
5 Wrapped Ether WETH $ 2,128.98
$ 5.66B
$ 5.66 billion
+0.85%
6 Wrapped eETH weETH $ 2,327.21
$ 3.89B
$ 3.89 billion
+0.65%
7 Bitcoin BEP2 BTCB $ 73,341.47
$ 3.09B
$ 3.09 billion
-7.68%
8 Coinbase Wrapped BTC CBBTC $ 76,798.00
$ 3.07B
$ 3.07 billion
-0.02%
9 Wrapped BNB WBNB $ 622.81
$ 1.07B
$ 1.07 billion
-5.48%
10 Binance Staked SOL BNSOL $ 94.82
$ 943.18M
$ 943.18 million
+0.66%
11 Jito Staked SOL JITOSOL $ 108.84
$ 864.10M
$ 864.10 million
+0.28%
12 Rocket Pool ETH RETH $ 2,479.48
$ 826.59M
$ 826.59 million
+0.75%
13 Lombard Staked Bitcoin LBTC $ 77,240.86
$ 818.56M
$ 818.56 million
-0.31%
14 Mantle Staked Ether METH $ 2,317.39
$ 493.76M
$ 493.76 million
+0.08%
15 tBTC v2 TBTC $ 76,697.79
$ 388.08M
$ 388.08 million
-0.09%
16 Binance-Peg XRP Token XRP $ 1.31
$ 299.85M
$ 299.85 million
-10.34%
17 Bitcoin Avalanche Bridged BTC.b $ 76,951.74
$ 295.79M
$ 295.79 million
+0.02%
18 Coinbase Wrapped Staked ETH CBETH $ 2,407.78
$ 281.40M
$ 281.40 million
+0.84%
19 Marinade staked SOL MSOL $ 117.47
$ 272.38M
$ 272.38 million
+0.38%
20 Wrapped Centrifuge CFG $ 0.299
$ 172.84M
$ 172.84 million
+17.20%
21 Wrapped AVAX WAVAX $ 9.26
$ 149.30M
$ 149.30 million
+1.16%
22 Wrapped Solana SOL $ 85.14
$ 127.71M
$ 127.71 million
+0.34%
23 Coinbase Wrapped XRP CBXRP $ 1.39
$ 100.98M
$ 100.98 million
-0.31%
24 Wrapped NXM WNXM $ 54.01
$ 23.28M
$ 23.28 million
-1.40%
25 Wrapped Matic WMATIC $ 0.0908
$ 12.92M
$ 12.92 million
+0.67%
26 Axelar Wrapped USDC AXLUSDC $ 0.980
$ 2.38M
$ 2.38 million
-4.02%

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

27 Ethena Staked USDe sUSDe $ 3.61
$ 11.25B
$ 11.25 billion
-2.66%
28 Solv BTC SOLVBTC $ 73,407.70
$ 472.73M
$ 472.73 million
-8.08%
29 Jupiter Staked SOL JUPSOL $ 101.22
$ 434.13M
$ 434.13 million
+0.34%
30 BybitSOL BBSOL $ 98.08
$ 113.00M
$ 113.00 million
+0.64%
31 Wrapped TAO WTAO $ 262.25
$ 28.45M
$ 28.45 million
+0.37%
32 ckBTC ckBTC $ 75,645.43
$ 14.55M
$ 14.55 million
-1.83%
33 renBTC RENBTC $ 17,554.23
$ 5.35M
$ 5.35 million
+12.80%
34 ckUSDC CKUSDC $ 0.992
$ 2.03M
$ 2.03 million
-0.78%
35 Wrapped NCG WNCG $ 0.00566
$ 1.81M
$ 1.81 million
+0.43%
36 ckETH ckETH $ 2,098.55
$ 1.30M
$ 1.30 million
-1.43%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,524.05
$ 30.48T
$ 30.48 trillion
-7.44%
38 Wrapped Banano WBAN $ 2,187.20
$ 81.09B
$ 81.09 billion
+503.29M%
39 Wrapped BTC (BitGo) WBTC $ 76,865.56
$ 9.10B
$ 9.10 billion
+0.09%
40 USDC (BASE) USDC $ 1.00
$ 4.36B
$ 4.36 billion
+0.42%
41 Wrapped Binance Beacon ETH WBETH $ 2,334.31
$ 2.89B
$ 2.89 billion
+0.87%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.980
$ 1.26B
$ 1.26 billion
-3.84%
43 USDC (Avalance) USDC $ 0.998
$ 719.83M
$ 719.83 million
+0.12%
44 Wrapped BTC (Wormhole) WBTC $ 76,557.28
$ 230.43M
$ 230.43 million
-0.12%
45 Binance Wrapped BTC BBTC $ 77,044.63
$ 223.43M
$ 223.43 million
-0.00%
46 Gate Wrapped BTC GTBTC $ 77,037.92
$ 177.16M
$ 177.16 million
-0.05%
47 Wrapped Fantom WFTM $ 0.0509
$ 111.26M
$ 111.26 million
-4.38%
48 TRON peg TRX $ 0.355
$ 106.04M
$ 106.04 million
+0.09%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,021.47
$ 63.50M
$ 63.50 million
+1.17%
50 Wrapped DAG WDAG $ 0.0162
$ 60.27M
$ 60.27 million
-3.13%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.299
$ 172.84M
$ 172.84 million
+17.20%
Wrapped liquid staked Ether 2.0 wstETH $ 2,638.16
$ 8.89B
$ 8.89 billion
+1.18%
Wrapped AVAX WAVAX $ 9.26
$ 149.30M
$ 149.30 million
+1.16%
Wrapped Ether WETH $ 2,128.98
$ 5.66B
$ 5.66 billion
+0.85%
Coinbase Wrapped Staked ETH CBETH $ 2,407.78
$ 281.40M
$ 281.40 million
+0.84%
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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