Wrapped coins

212 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 $ 2,211.06
$ 20.80B
$ 20.80 billion
-0.66%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,728.42
$ 10.10B
$ 10.10 billion
-0.83%
3 Wrapped BTC WBTC $ 71,468.85
$ 9.82B
$ 9.82 billion
-1.54%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.03%
5 Wrapped Ether WETH $ 2,216.75
$ 5.89B
$ 5.89 billion
-0.85%
6 Wrapped eETH weETH $ 2,418.43
$ 5.85B
$ 5.85 billion
-0.82%
7 Coinbase Wrapped BTC CBBTC $ 71,670.68
$ 3.42B
$ 3.42 billion
-1.55%
8 Bitcoin BEP2 BTCB $ 71,613.26
$ 3.01B
$ 3.01 billion
-1.58%
9 Wrapped BNB WBNB $ 593.28
$ 1.02B
$ 1.02 billion
-2.04%
10 Jito Staked SOL JITOSOL $ 104.75
$ 944.72M
$ 944.72 million
-2.11%
11 Rocket Pool ETH RETH $ 2,576.27
$ 870.68M
$ 870.68 million
-0.78%
12 Lombard Staked Bitcoin LBTC $ 71,796.24
$ 761.57M
$ 761.57 million
-1.55%
13 tBTC v2 TBTC $ 71,640.26
$ 429.73M
$ 429.73 million
-1.46%
14 Jupiter Staked SOL JUPSOL $ 97.08
$ 353.45M
$ 353.45 million
-2.13%
15 Binance-Peg XRP Token XRP $ 1.33
$ 306.30M
$ 306.30 million
-1.15%
16 Coinbase Wrapped Staked ETH CBETH $ 2,496.72
$ 297.04M
$ 297.04 million
-0.88%
17 Bitcoin Avalanche Bridged BTC.b $ 71,782.50
$ 275.73M
$ 275.73 million
-1.37%
18 Marinade staked SOL MSOL $ 112.77
$ 229.03M
$ 229.03 million
-2.14%
19 Wrapped AVAX WAVAX $ 9.08
$ 144.44M
$ 144.44 million
-2.23%
20 Wrapped Solana SOL $ 82.33
$ 123.48M
$ 123.48 million
-2.15%
21 Wrapped Centrifuge CFG $ 0.205
$ 118.06M
$ 118.06 million
+4.05%
22 Coinbase Wrapped XRP CBXRP $ 1.33
$ 73.69M
$ 73.69 million
-1.41%
23 Wrapped Matic WMATIC $ 0.0836
$ 11.90M
$ 11.90 million
-1.91%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.49M
$ 2.49 million
-0.03%
25 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
-1.34%

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

26 Ethena Staked USDe sUSDe $ 2.95
$ 9.18B
$ 9.18 billion
+1.31%
27 Binance Staked SOL BNSOL $ 91.20
$ 778.23M
$ 778.23 million
-2.06%
28 Mantle Staked Ether METH $ 2,408.57
$ 641.97M
$ 641.97 million
-1.06%
29 Solv BTC SOLVBTC $ 71,486.75
$ 510.67M
$ 510.67 million
-1.61%
30 BybitSOL BBSOL $ 94.15
$ 96.25M
$ 96.25 million
-2.15%
31 ckBTC ckBTC $ 72,175.93
$ 34.07M
$ 34.07 million
-0.23%
32 Wrapped TAO WTAO $ 262.14
$ 29.28M
$ 29.28 million
-0.31%
33 Wrapped NXM WNXM $ 57.63
$ 25.48M
$ 25.48 million
+2.58%
34 renBTC RENBTC $ 11,698.08
$ 3.56M
$ 3.56 million
-1.34%
35 ckUSDC CKUSDC $ 0.999
$ 1.58M
$ 1.58 million
-0.41%
36 ckETH ckETH $ 2,238.84
$ 1.38M
$ 1.38 million
-0.01%
37 ckOCT CKOCT $ 0.00334
$ 59.12T
$ 59.12 trillion
-30.47%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,004.35
$ 33.18T
$ 33.18 trillion
-1.77%
39 Wrapped BTC (BitGo) WBTC $ 71,465.83
$ 8.55B
$ 8.55 billion
-1.43%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.07%
41 Wrapped Binance Beacon ETH WBETH $ 2,424.95
$ 3.14B
$ 3.14 billion
-0.91%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.30B
$ 1.30 billion
+0.73%
43 USDC (Avalance) USDC $ 0.999
$ 720.67M
$ 720.67 million
+0.05%
44 Wrapped BTC (Wormhole) WBTC $ 71,438.73
$ 264.56M
$ 264.56 million
-1.61%
45 Binance Wrapped BTC BBTC $ 71,668.60
$ 207.84M
$ 207.84 million
-1.51%
46 Gate Wrapped BTC GTBTC $ 71,847.57
$ 165.22M
$ 165.22 million
-1.56%
47 TRON peg TRX $ 0.320
$ 95.61M
$ 95.61 million
+0.61%
48 Wrapped Fantom WFTM $ 0.0430
$ 94.03M
$ 94.03 million
-0.78%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,365.33
$ 74.30M
$ 74.30 million
-0.61%
50 Binance-Peg Bitcoin Cash Token BCH $ 440.84
$ 42.54M
$ 42.54 million
-0.66%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.205
$ 118.06M
$ 118.06 million
+4.05%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.03%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.49M
$ 2.49 million
-0.03%
Lido Staked Ether stETH $ 2,211.06
$ 20.80B
$ 20.80 billion
-0.66%
Rocket Pool ETH RETH $ 2,576.27
$ 870.68M
$ 870.68 million
-0.78%
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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