Wrapped coins

0 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 $ 2,008.68
$ 17.71B
$ 17.71 billion
+4.25%
2 Wrapped BTC WBTC $ 67,714.97
$ 9.30B
$ 9.30 billion
+2.20%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,462.48
$ 7.86B
$ 7.86 billion
+4.44%
5 Wrapped eETH weETH $ 2,185.07
$ 6.21B
$ 6.21 billion
+4.33%
6 Wrapped Ether WETH $ 2,011.43
$ 5.34B
$ 5.34 billion
+4.11%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
-0.54%
8 Coinbase Wrapped BTC CBBTC $ 67,816.60
$ 2.98B
$ 2.98 billion
+2.12%
9 Bitcoin BEP2 BTCB $ 67,801.19
$ 2.64B
$ 2.64 billion
+1.98%
10 Jito Staked SOL JITOSOL $ 106.54
$ 1.20B
$ 1.20 billion
+4.43%
11 Wrapped BNB WBNB $ 634.66
$ 893.90M
$ 893.90 million
-0.34%
12 Rocket Pool ETH RETH $ 2,325.64
$ 834.64M
$ 834.64 million
+4.33%
13 Lombard Staked Bitcoin LBTC $ 67,888.21
$ 716.94M
$ 716.94 million
+2.25%
14 Solv BTC SOLVBTC $ 67,819.11
$ 562.47M
$ 562.47 million
+2.76%
15 tBTC v2 TBTC $ 67,924.22
$ 401.63M
$ 401.63 million
+2.94%
16 Marinade staked SOL MSOL $ 114.78
$ 290.47M
$ 290.47 million
+4.41%
17 Coinbase Wrapped Staked ETH CBETH $ 2,252.39
$ 283.15M
$ 283.15 million
+4.09%
18 Bitcoin Avalanche Bridged BTC.b $ 67,840.53
$ 260.77M
$ 260.77 million
+2.95%
19 Wrapped Solana SOL $ 84.69
$ 158.30M
$ 158.30 million
+4.41%
20 Wrapped AVAX WAVAX $ 8.98
$ 148.60M
$ 148.60 million
+3.22%
21 BybitSOL BBSOL $ 96.19
$ 136.06M
$ 136.06 million
+4.47%
22 Wrapped Centrifuge CFG $ 0.0756
$ 43.44M
$ 43.44 million
+4.86%
23 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.66M
$ 29.66 million
+2.22%
24 Wrapped Matic WMATIC $ 0.0960
$ 13.67M
$ 13.67 million
-0.65%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.05%
26 Wrapped NCG WNCG $ 0.00575
$ 1.84M
$ 1.84 million
+0.99%

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

27 Binance-Peg XRP Token XRP $ 19,391.70
$ 4.76T
$ 4.76 trillion
+39.04%
28 Wrapped TRON WTRX $ 0.274
$ 3.52B
$ 3.52 billion
+1.74%
29 Binance Staked SOL BNSOL $ 92.83
$ 908.96M
$ 908.96 million
+4.40%
30 Mantle Staked Ether METH $ 2,184.64
$ 464.86M
$ 464.86 million
+4.28%
31 Jupiter Staked SOL JUPSOL $ 98.74
$ 413.55M
$ 413.55 million
+4.50%
32 ckBTC ckBTC $ 67,867.52
$ 32.03M
$ 32.03 million
+2.30%
33 Wrapped NXM WNXM $ 55.17
$ 26.68M
$ 26.68 million
+11.64%
34 Wrapped TAO WTAO $ 165.54
$ 19.60M
$ 19.60 million
-0.99%
35 ckUSDC CKUSDC $ 0.999
$ 1.86M
$ 1.86 million
-0.80%
36 ckETH ckETH $ 2,007.53
$ 1.24M
$ 1.24 million
+3.49%
37 renBTC RENBTC $ 3,207.10
$ 976,556
$ 976,556
+3.96%
38 ckOCT CKOCT $ 0.0120
$ 212.00T
$ 212.00 trillion
-1.39%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,949.72
$ 44.26T
$ 44.26 trillion
+0.12%
40 Wrapped DOGE WDOGE $ 0.110
$ 14.23B
$ 14.23 billion
+2.95%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.47%
42 Wrapped Binance Beacon ETH WBETH $ 2,189.46
$ 2.85B
$ 2.85 billion
+4.36%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.02%
44 USDC (Avalance) USDC $ 1.00
$ 721.89M
$ 721.89 million
+0.06%
45 Wrapped BTC (Wormhole) WBTC $ 67,650.85
$ 270.42M
$ 270.42 million
+2.36%
46 Binance Wrapped BTC BBTC $ 67,937.51
$ 197.02M
$ 197.02 million
+3.10%
47 Gate Wrapped BTC GTBTC $ 67,981.09
$ 156.33M
$ 156.33 million
+1.95%
48 Wrapped Fantom WFTM $ 0.0596
$ 130.42M
$ 130.42 million
-2.60%
49 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.50M
$ 122.50 million
-0.38%
50 TRON peg TRX $ 0.274
$ 81.94M
$ 81.94 million
+2.04%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.0756
$ 43.44M
$ 43.44 million
+4.86%
BybitSOL BBSOL $ 96.19
$ 136.06M
$ 136.06 million
+4.47%
Wrapped liquid staked Ether 2.0 wstETH $ 2,462.48
$ 7.86B
$ 7.86 billion
+4.44%
Jito Staked SOL JITOSOL $ 106.54
$ 1.20B
$ 1.20 billion
+4.43%
Marinade staked SOL MSOL $ 114.78
$ 290.47M
$ 290.47 million
+4.41%
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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