Wrapped coins

189 coins #20

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 Wrapped DOGE WDOGE $ 0.127
$ 16.37B
$ 16.37 billion
-3.45%
2 Wrapped BTC WBTC $ 86,762.88
$ 11.93B
$ 11.93 billion
+0.55%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,474.76
$ 11.61B
$ 11.61 billion
-2.77%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.44%
5 Wrapped eETH weETH $ 3,074.97
$ 8.39B
$ 8.39 billion
-3.01%
6 Wrapped Ether WETH $ 2,841.29
$ 7.52B
$ 7.52 billion
-2.89%
7 USDC (BASE) USDC $ 1.000
$ 4.41B
$ 4.41 billion
-0.03%
8 Wrapped Binance Beacon ETH WBETH $ 3,084.47
$ 4.33B
$ 4.33 billion
-2.87%
9 Coinbase Wrapped BTC CBBTC $ 86,977.83
$ 3.65B
$ 3.65 billion
+0.62%
10 Wrapped TRON WTRX $ 0.277
$ 3.55B
$ 3.55 billion
-0.67%
11 Bitcoin BEP2 BTCB $ 86,990.98
$ 3.41B
$ 3.41 billion
+0.90%
12 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.21%
13 Wrapped BNB WBNB $ 835.01
$ 1.13B
$ 1.13 billion
-2.85%
14 USDC (Avalance) USDC $ 1.000
$ 721.12M
$ 721.12 million
-0.04%
15 tBTC v2 TBTC $ 86,799.37
$ 529.16M
$ 529.16 million
+0.51%
16 Wrapped BTC (Wormhole) WBTC $ 86,755.95
$ 346.24M
$ 346.24 million
+0.59%
17 Binance Wrapped BTC BBTC $ 86,945.75
$ 252.14M
$ 252.14 million
+0.50%
18 Wrapped AVAX WAVAX $ 11.75
$ 208.08M
$ 208.08 million
-3.27%
19 Gate Wrapped BTC GTBTC $ 87,111.73
$ 200.42M
$ 200.42 million
-6.62%
20 Kelp DAO Wrapped rsETH WRSETH $ 3,001.91
$ 94.29M
$ 94.29 million
-3.91%
21 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.12
$ 93.38M
$ 93.38 million
+1.12%
22 TRON peg TRX $ 0.278
$ 83.00M
$ 83.00 million
-0.79%
23 Wrapped Centrifuge CFG $ 0.133
$ 76.36M
$ 76.36 million
+1.62%
24 Binance-Peg Bitcoin Cash Token BCH $ 532.94
$ 51.43M
$ 51.43 million
-1.07%
25 ckBTC ckBTC $ 87,503.49
$ 41.30M
$ 41.30 million
+1.25%
26 ETH by Sui Bridge ETH $ 2,852.87
$ 41.30M
$ 41.30 million
-2.39%
27 Wrapped BTC WBTC.E $ 86,755.86
$ 37.98M
$ 37.98 million
+0.52%
28 Coinbase Wrapped XRP CBXRP $ 1.85
$ 36.08M
$ 36.08 million
-3.45%
29 Wrapped NXM WNXM $ 68.36
$ 33.41M
$ 33.41 million
-3.74%
30 Wrapped XRP WXRP $ 1.85
$ 33.16M
$ 33.16 million
-3.90%
31 DETH DETH $ 2,863.76
$ 26.60M
$ 26.60 million
-2.64%
32 Wrapped TAO WTAO $ 229.02
$ 25.94M
$ 25.94 million
-7.30%
33 Wrapped Axelar WAXL $ 0.0900
$ 21.19M
$ 21.19 million
-11.69%
34 Wrapped Matic WMATIC $ 0.107
$ 15.25M
$ 15.25 million
-3.39%
35 Wrapped QUIL wQUIL $ 0.0149
$ 13.45M
$ 13.45 million
-1.41%
36 Wrapped FRAX WFRAX $ 0.642
$ 11.86M
$ 11.86 million
-4.13%
37 iShares Gold Trust (Ondo Tokenized) IAUon $ 81.25
$ 9.73M
$ 9.73 million
-0.22%
38 Tesla tokenized stock (xStock) TSLAX $ 473.04
$ 5.20M
$ 5.20 million
-3.92%
39 Wrapped WDOGE WWDOGE $ 0.165
$ 4.57M
$ 4.57 million
-0.00%
40 Wrapped Cardano WADA $ 0.363
$ 4.34M
$ 4.34 million
-4.88%
41 Solana (Universal) USOL $ 122.94
$ 3.74M
$ 3.74 million
-3.60%
42 SPUSD SPUSD $ 1.00
$ 3.63M
$ 3.63 million
+0.08%
43 ckUSDT CKUSDT $ 1.00
$ 3.48M
$ 3.48 million
+0.59%
44 OKX Wrapped BTC XBTC $ 87,036.43
$ 3.39M
$ 3.39 million
+0.64%
45 XRP (Universal) UXRP $ 1.85
$ 3.37M
$ 3.37 million
-3.23%
46 Coinbase Wrapped DOGE CBDOGE $ 0.125
$ 3.18M
$ 3.18 million
-4.26%
47 Bridged USDT (Sonic Labs) USDT $ 1.000
$ 2.71M
$ 2.71 million
-0.02%
48 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.57M
$ 2.57 million
+0.21%
49 Coinbase Wrapped LTC cbLTC $ 75.75
$ 2.34M
$ 2.34 million
-3.40%
50 Wrapped NCG WNCG $ 0.00690
$ 2.16M
$ 2.16 million
-2.57%
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Trending Wrapped coins

Top gainers

Coins Price Market cap 24h
ckUNI CKUNI $ 6.66
$ 250
$ 250
+67.23%
Wrapped Neon EVM WNEON $ --
$ --
$ --
--%
USDC (Avalance) USDC $ 1.000
$ 721.12M
$ 721.12 million
-0.04%
Crosschain IOTX CIOTX $ 0.00708
$ 156,872
$ 156,872
-4.19%
Wrapped ZCore WZCR $ --
$ --
$ --
--%
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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