Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,985.88
$ 17.64B
$ 17.64 billion
-0.72%
2 Wrapped BTC WBTC $ 70,807.65
$ 9.72B
$ 9.72 billion
-3.52%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.17%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,455.14
$ 8.50B
$ 8.50 billion
-0.83%
5 Wrapped Ether WETH $ 1,984.79
$ 5.28B
$ 5.28 billion
-0.77%
6 Wrapped eETH weETH $ 2,179.49
$ 3.47B
$ 3.47 billion
-0.48%
7 Coinbase Wrapped BTC CBBTC $ 70,911.50
$ 3.06B
$ 3.06 billion
-3.48%
8 Bitcoin BEP2 BTCB $ 70,962.41
$ 2.99B
$ 2.99 billion
-3.68%
9 Wrapped BNB WBNB $ 687.15
$ 1.19B
$ 1.19 billion
-1.47%
10 Binance Staked SOL BNSOL $ 89.59
$ 891.06M
$ 891.06 million
-2.22%
11 Jito Staked SOL JITOSOL $ 103.13
$ 818.81M
$ 818.81 million
-2.07%
12 Rocket Pool ETH RETH $ 2,317.82
$ 772.39M
$ 772.39 million
-0.87%
13 Lombard Staked Bitcoin LBTC $ 71,269.56
$ 756.63M
$ 756.63 million
-3.39%
14 tBTC v2 TBTC $ 71,193.98
$ 343.38M
$ 343.38 million
-3.22%
15 Binance-Peg XRP Token XRP $ 1.29
$ 291.90M
$ 291.90 million
-3.40%
16 Bitcoin Avalanche Bridged BTC.b $ 71,034.10
$ 273.03M
$ 273.03 million
-3.61%
17 Coinbase Wrapped Staked ETH CBETH $ 2,245.80
$ 262.44M
$ 262.44 million
-0.94%
18 Marinade staked SOL MSOL $ 111.22
$ 257.89M
$ 257.89 million
-2.03%
19 Wrapped Centrifuge CFG $ 0.257
$ 148.05M
$ 148.05 million
-3.73%
20 Wrapped AVAX WAVAX $ 8.84
$ 142.63M
$ 142.63 million
-1.37%
21 Wrapped Solana SOL $ 80.37
$ 120.55M
$ 120.55 million
-2.19%
22 Wrapped NXM WNXM $ 52.25
$ 22.34M
$ 22.34 million
+1.29%
23 Wrapped Matic WMATIC $ 0.0928
$ 13.21M
$ 13.21 million
+0.62%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.02%
25 Wrapped NCG WNCG $ 0.00631
$ 2.02M
$ 2.02 million
-6.79%

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

26 Ethena Staked USDe sUSDe $ 3.37
$ 10.50B
$ 10.50 billion
+0.26%
27 Wrapped TRON WTRX $ 0.343
$ 1.36B
$ 1.36 billion
-2.50%
28 Solv BTC SOLVBTC $ 71,166.37
$ 450.16M
$ 450.16 million
-3.38%
29 Mantle Staked Ether METH $ 2,175.78
$ 449.41M
$ 449.41 million
-0.73%
30 Jupiter Staked SOL JUPSOL $ 95.92
$ 411.38M
$ 411.38 million
-2.01%
31 BybitSOL BBSOL $ 92.76
$ 109.20M
$ 109.20 million
-1.96%
32 Coinbase Wrapped XRP CBXRP $ 1.29
$ 102.82M
$ 102.82 million
-3.02%
33 Wrapped TAO WTAO $ 250.88
$ 26.88M
$ 26.88 million
-2.04%
34 ckBTC ckBTC $ 69,582.06
$ 13.39M
$ 13.39 million
-5.93%
35 renBTC RENBTC $ 15,844.95
$ 4.82M
$ 4.82 million
-5.96%
36 ckUSDC CKUSDC $ 0.978
$ 2.00M
$ 2.00 million
-2.33%
37 ckETH ckETH $ 1,960.25
$ 1.21M
$ 1.21 million
-2.78%
38 ckOCT CKOCT $ 0.00563
$ 99.80T
$ 99.80 trillion
-7.27%
39 Wrapped DOGE WDOGE $ 0.0991
$ 12.79B
$ 12.79 billion
-0.77%
40 Wrapped BTC (BitGo) WBTC $ 70,989.47
$ 8.27B
$ 8.27 billion
-3.31%
41 USDC (BASE) USDC $ 1.00
$ 4.33B
$ 4.33 billion
-0.52%
42 Wrapped Binance Beacon ETH WBETH $ 2,182.49
$ 2.70B
$ 2.70 billion
-0.87%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.22%
44 USDC (Avalance) USDC $ 0.999
$ 721.03M
$ 721.03 million
-0.17%
45 Wrapped BTC (Wormhole) WBTC $ 70,789.33
$ 213.24M
$ 213.24 million
-3.47%
46 Binance Wrapped BTC BBTC $ 71,248.64
$ 206.62M
$ 206.62 million
-3.22%
47 Gate Wrapped BTC GTBTC $ 71,180.57
$ 163.65M
$ 163.65 million
-3.62%
48 Wrapped Fantom WFTM $ 0.0484
$ 105.93M
$ 105.93 million
-2.46%
49 TRON peg TRX $ 0.345
$ 103.04M
$ 103.04 million
-1.71%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,106.94
$ 66.27M
$ 66.27 million
-1.29%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped NXM WNXM $ 52.25
$ 22.34M
$ 22.34 million
+1.29%
Wrapped Matic WMATIC $ 0.0928
$ 13.21M
$ 13.21 million
+0.62%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.02%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.17%
Wrapped eETH weETH $ 2,179.49
$ 3.47B
$ 3.47 billion
-0.48%
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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