Wrapped coins

3 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 $ 1,942.28
$ 17.12B
$ 17.12 billion
-1.21%
2 Wrapped BTC WBTC $ 66,272.43
$ 9.11B
$ 9.11 billion
-1.82%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.97B
$ 8.97 billion
-0.20%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,381.54
$ 7.60B
$ 7.60 billion
-1.31%
5 Wrapped eETH weETH $ 2,115.07
$ 6.02B
$ 6.02 billion
-1.15%
6 Wrapped Ether WETH $ 1,941.31
$ 5.16B
$ 5.16 billion
-1.28%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.08%
8 Coinbase Wrapped BTC CBBTC $ 66,360.46
$ 2.92B
$ 2.92 billion
-1.92%
9 Bitcoin BEP2 BTCB $ 66,381.93
$ 2.58B
$ 2.58 billion
-2.29%
10 Jito Staked SOL JITOSOL $ 98.99
$ 1.11B
$ 1.11 billion
-2.19%
11 Wrapped BNB WBNB $ 613.57
$ 864.67M
$ 864.67 million
+0.19%
12 Rocket Pool ETH RETH $ 2,250.35
$ 807.69M
$ 807.69 million
-1.21%
13 Lombard Staked Bitcoin LBTC $ 66,474.54
$ 701.72M
$ 701.72 million
-1.95%
14 Solv BTC SOLVBTC $ 66,189.67
$ 541.05M
$ 541.05 million
-2.42%
15 Mantle Staked Ether METH $ 2,103.86
$ 447.95M
$ 447.95 million
-1.58%
16 tBTC v2 TBTC $ 66,356.31
$ 392.34M
$ 392.34 million
-1.77%
17 Jupiter Staked SOL JUPSOL $ 91.76
$ 384.27M
$ 384.27 million
-2.13%
18 Binance-Peg XRP Token XRP $ 1.36
$ 332.29M
$ 332.29 million
-1.95%
19 Coinbase Wrapped Staked ETH CBETH $ 2,178.08
$ 274.09M
$ 274.09 million
-1.15%
20 Marinade staked SOL MSOL $ 106.72
$ 269.72M
$ 269.72 million
-2.03%
21 Bitcoin Avalanche Bridged BTC.b $ 66,203.77
$ 254.48M
$ 254.48 million
-1.40%
22 Wrapped Solana SOL $ 78.49
$ 146.85M
$ 146.85 million
-2.21%
23 Wrapped AVAX WAVAX $ 8.87
$ 146.78M
$ 146.78 million
+2.18%
24 BybitSOL BBSOL $ 88.93
$ 125.91M
$ 125.91 million
-2.35%
25 Wrapped Centrifuge CFG $ 0.0773
$ 44.42M
$ 44.42 million
-2.57%
26 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.89M
$ 28.89 million
-1.94%
27 Wrapped TAO WTAO $ 154.03
$ 18.24M
$ 18.24 million
+2.76%
28 Wrapped Matic WMATIC $ 0.0966
$ 13.73M
$ 13.73 million
+7.48%
29 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.06%
30 Wrapped NCG WNCG $ 0.00597
$ 1.91M
$ 1.91 million
-4.01%

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

31 Wrapped TRON WTRX $ 0.280
$ 3.59B
$ 3.59 billion
+0.50%
32 Binance Staked SOL BNSOL $ 86.12
$ 844.82M
$ 844.82 million
-2.28%
33 ckBTC ckBTC $ 66,348.34
$ 31.31M
$ 31.31 million
-1.89%
34 Wrapped NXM WNXM $ 50.89
$ 24.60M
$ 24.60 million
+1.53%
35 ckUSDC CKUSDC $ 0.954
$ 1.77M
$ 1.77 million
-1.48%
36 ckETH ckETH $ 1,964.72
$ 1.21M
$ 1.21 million
-1.77%
37 renBTC RENBTC $ 3,092.18
$ 941,563
$ 941,563
-1.74%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,960.43
$ 44.35T
$ 44.35 trillion
+0.29%
39 Wrapped DOGE WDOGE $ 0.106
$ 13.66B
$ 13.66 billion
-0.17%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,116.86
$ 2.76B
$ 2.76 billion
-1.18%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.21%
43 USDC (Avalance) USDC $ 1.000
$ 721.31M
$ 721.31 million
+0.19%
44 Wrapped BTC (Wormhole) WBTC $ 66,327.91
$ 265.14M
$ 265.14 million
-1.89%
45 Binance Wrapped BTC BBTC $ 66,399.31
$ 192.56M
$ 192.56 million
-1.95%
46 Gate Wrapped BTC GTBTC $ 66,613.48
$ 153.19M
$ 153.19 million
-1.76%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.27M
$ 122.27 million
+0.00%
48 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.51M
$ 91.51 million
+0.00%
49 TRON peg TRX $ 0.279
$ 83.42M
$ 83.42 million
+0.45%
50 Cardano AP3X Token cAP3X $ 0.0226
$ 67.89M
$ 67.89 million
+2.98%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0966
$ 13.73M
$ 13.73 million
+7.48%
Wrapped TAO WTAO $ 154.03
$ 18.24M
$ 18.24 million
+2.76%
Wrapped AVAX WAVAX $ 8.87
$ 146.78M
$ 146.78 million
+2.18%
Wrapped BNB WBNB $ 613.57
$ 864.67M
$ 864.67 million
+0.19%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.08%
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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