Wrapped coins

218 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 $ 2,357.42
$ 21.35B
$ 21.35 billion
-0.72%
2 Wrapped BTC WBTC $ 81,369.15
$ 11.18B
$ 11.18 billion
+0.16%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,907.95
$ 9.85B
$ 9.85 billion
-0.70%
4 Binance-Peg BSC-USD BSC-USD $ 1.02
$ 9.21B
$ 9.21 billion
+2.40%
5 Wrapped Ether WETH $ 2,357.72
$ 6.27B
$ 6.27 billion
-0.97%
6 Wrapped eETH weETH $ 2,579.88
$ 5.14B
$ 5.14 billion
-0.69%
7 Bitcoin BEP2 BTCB $ 82,265.38
$ 3.47B
$ 3.47 billion
+1.04%
8 Coinbase Wrapped BTC CBBTC $ 81,606.18
$ 3.00B
$ 3.00 billion
+0.21%
9 Wrapped BNB WBNB $ 594.69
$ 1.03B
$ 1.03 billion
-6.77%
10 Binance Staked SOL BNSOL $ 98.44
$ 917.71M
$ 917.71 million
+3.68%
11 Rocket Pool ETH RETH $ 2,742.07
$ 916.06M
$ 916.06 million
-0.89%
12 Jito Staked SOL JITOSOL $ 113.45
$ 900.91M
$ 900.91 million
+3.91%
13 Lombard Staked Bitcoin LBTC $ 81,821.77
$ 867.38M
$ 867.38 million
+0.17%
14 Mantle Staked Ether METH $ 2,575.39
$ 565.65M
$ 565.65 million
-0.99%
15 tBTC v2 TBTC $ 81,595.55
$ 433.29M
$ 433.29 million
+0.10%
16 Binance-Peg XRP Token XRP $ 1.40
$ 320.54M
$ 320.54 million
-1.44%
17 Bitcoin Avalanche Bridged BTC.b $ 81,769.23
$ 314.31M
$ 314.31 million
+0.32%
18 Coinbase Wrapped Staked ETH CBETH $ 2,661.13
$ 310.51M
$ 310.51 million
-0.86%
19 Marinade staked SOL MSOL $ 122.32
$ 284.60M
$ 284.60 million
+3.97%
20 Wrapped AVAX WAVAX $ 9.61
$ 159.75M
$ 159.75 million
+2.03%
21 Wrapped Centrifuge CFG $ 0.254
$ 146.47M
$ 146.47 million
+3.09%
22 Wrapped Solana SOL $ 88.81
$ 133.46M
$ 133.46 million
+3.94%
23 Wrapped TAO WTAO $ 316.10
$ 34.37M
$ 34.37 million
+10.49%
24 Wrapped NXM WNXM $ 60.43
$ 26.60M
$ 26.60 million
+0.93%
25 Wrapped Matic WMATIC $ 0.0983
$ 14.00M
$ 14.00 million
+0.66%
26 Axelar Wrapped USDC AXLUSDC $ 1.01
$ 2.51M
$ 2.51 million
+1.20%
27 Wrapped NCG WNCG $ 0.00551
$ 1.76M
$ 1.76 million
+2.20%

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

28 Ethena Staked USDe sUSDe $ 3.94
$ 12.25B
$ 12.25 billion
-7.45%
29 Solv BTC SOLVBTC $ 82,579.33
$ 521.41M
$ 521.41 million
+1.41%
30 Jupiter Staked SOL JUPSOL $ 105.44
$ 451.01M
$ 451.01 million
+3.98%
31 BybitSOL BBSOL $ 101.99
$ 109.80M
$ 109.80 million
+3.62%
32 Coinbase Wrapped XRP CBXRP $ 1.43
$ 91.66M
$ 91.66 million
+1.14%
33 ckBTC ckBTC $ 84,974.89
$ 24.67M
$ 24.67 million
+4.77%
34 renBTC RENBTC $ 16,541.55
$ 5.04M
$ 5.04 million
+9.71%
35 ckUSDC CKUSDC $ 1.04
$ 1.64M
$ 1.64 million
+4.53%
36 ckETH ckETH $ 2,445.67
$ 1.51M
$ 1.51 million
+3.02%
37 ckOCT CKOCT $ 0.00479
$ 84.79T
$ 84.79 trillion
+83.48%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,519.34
$ 30.45T
$ 30.45 trillion
-1.22%
39 Wrapped Banano WBAN $ 1,977.44
$ 73.31B
$ 73.31 billion
+373.45M%
40 Wrapped DOGE WDOGE $ 0.114
$ 14.74B
$ 14.74 billion
+2.37%
41 Wrapped BTC (BitGo) WBTC $ 81,681.49
$ 9.67B
$ 9.67 billion
+0.62%
42 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.11%
43 Wrapped Binance Beacon ETH WBETH $ 2,586.17
$ 3.35B
$ 3.35 billion
-0.85%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.08
$ 1.39B
$ 1.39 billion
+8.35%
45 USDC (Avalance) USDC $ 0.996
$ 718.86M
$ 718.86 million
-0.44%
46 Wrapped BTC (Wormhole) WBTC $ 81,479.55
$ 258.57M
$ 258.57 million
+0.33%
47 Binance Wrapped BTC BBTC $ 81,629.73
$ 236.73M
$ 236.73 million
+0.16%
48 Gate Wrapped BTC GTBTC $ 81,869.44
$ 188.27M
$ 188.27 million
+0.15%
49 TRON peg TRX $ 0.344
$ 102.82M
$ 102.82 million
+0.42%
50 Wrapped Fantom WFTM $ 0.0467
$ 102.12M
$ 102.12 million
+6.26%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 316.10
$ 34.37M
$ 34.37 million
+10.49%
Marinade staked SOL MSOL $ 122.32
$ 284.60M
$ 284.60 million
+3.97%
Wrapped Solana SOL $ 88.81
$ 133.46M
$ 133.46 million
+3.94%
Jito Staked SOL JITOSOL $ 113.45
$ 900.91M
$ 900.91 million
+3.91%
Binance Staked SOL BNSOL $ 98.44
$ 917.71M
$ 917.71 million
+3.68%
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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