Wrapped coins

221 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 $ 2,284.86
$ 20.05B
$ 20.05 billion
-2.14%
2 Wrapped BTC WBTC $ 80,579.13
$ 11.07B
$ 11.07 billion
-0.12%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,819.79
$ 9.44B
$ 9.44 billion
-1.98%
4 Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.07B
$ 9.07 billion
+13.15%
5 Wrapped Ether WETH $ 2,282.85
$ 6.07B
$ 6.07 billion
-2.21%
6 Wrapped eETH weETH $ 2,501.06
$ 4.54B
$ 4.54 billion
-2.08%
7 Bitcoin BEP2 BTCB $ 79,763.80
$ 3.36B
$ 3.36 billion
+10.76%
8 Coinbase Wrapped BTC CBBTC $ 80,786.01
$ 3.34B
$ 3.34 billion
-0.28%
9 Wrapped BNB WBNB $ 576.25
$ 994.45M
$ 994.45 million
+0.90%
10 Binance Staked SOL BNSOL $ 105.74
$ 985.06M
$ 985.06 million
-0.11%
11 Jito Staked SOL JITOSOL $ 121.91
$ 968.04M
$ 968.04 million
+1.14%
12 Rocket Pool ETH RETH $ 2,662.23
$ 888.10M
$ 888.10 million
-2.00%
13 Lombard Staked Bitcoin LBTC $ 81,051.31
$ 859.12M
$ 859.12 million
+0.16%
14 Mantle Staked Ether METH $ 2,493.80
$ 533.29M
$ 533.29 million
-2.50%
15 tBTC v2 TBTC $ 80,790.04
$ 417.98M
$ 417.98 million
-0.03%
16 Binance-Peg XRP Token XRP $ 1.39
$ 318.53M
$ 318.53 million
+7.93%
17 Bitcoin Avalanche Bridged BTC.b $ 80,784.90
$ 310.54M
$ 310.54 million
-0.05%
18 Marinade staked SOL MSOL $ 131.49
$ 304.91M
$ 304.91 million
+0.49%
19 Coinbase Wrapped Staked ETH CBETH $ 2,579.87
$ 301.63M
$ 301.63 million
-2.16%
20 Wrapped Centrifuge CFG $ 0.280
$ 161.55M
$ 161.55 million
-8.18%
21 Wrapped AVAX WAVAX $ 9.95
$ 160.53M
$ 160.53 million
-1.55%
22 Wrapped Solana SOL $ 95.41
$ 143.11M
$ 143.11 million
+0.25%
23 Wrapped TAO WTAO $ 317.11
$ 34.41M
$ 34.41 million
-0.33%
24 Wrapped NXM WNXM $ 58.22
$ 25.16M
$ 25.16 million
-2.14%
25 Wrapped Matic WMATIC $ 0.102
$ 14.50M
$ 14.50 million
-2.76%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+3.78%
27 Wrapped NCG WNCG $ 0.00562
$ 1.80M
$ 1.80 million
-1.55%

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

28 Ethena Staked USDe sUSDe $ 3.83
$ 11.95B
$ 11.95 billion
-3.11%
29 Solv BTC SOLVBTC $ 80,018.40
$ 515.41M
$ 515.41 million
+11.20%
30 Jupiter Staked SOL JUPSOL $ 113.32
$ 484.72M
$ 484.72 million
+0.50%
31 BybitSOL BBSOL $ 109.72
$ 122.63M
$ 122.63 million
+0.24%
32 Coinbase Wrapped XRP CBXRP $ 1.46
$ 103.39M
$ 103.39 million
+0.85%
33 ckBTC ckBTC $ 80,872.90
$ 23.55M
$ 23.55 million
-0.03%
34 renBTC RENBTC $ 19,551.15
$ 5.95M
$ 5.95 million
+0.08%
35 ckUSDC CKUSDC $ 0.995
$ 1.57M
$ 1.57 million
-0.71%
36 ckETH ckETH $ 2,306.80
$ 1.43M
$ 1.43 million
-1.34%
37 ckOCT CKOCT $ 0.00456
$ 81.11T
$ 81.11 trillion
+14.59%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,031.74
$ 33.90T
$ 33.90 trillion
-3.13%
39 Wrapped Banano WBAN $ 2,029.84
$ 75.25B
$ 75.25 billion
+9.60%
40 Wrapped BTC (BitGo) WBTC $ 80,914.29
$ 9.58B
$ 9.58 billion
+0.32%
41 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.11%
42 Wrapped Binance Beacon ETH WBETH $ 2,505.35
$ 3.11B
$ 3.11 billion
-2.02%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.992
$ 1.28B
$ 1.28 billion
+3.56%
44 USDC (Avalance) USDC $ 0.999
$ 720.85M
$ 720.85 million
-0.02%
45 Wrapped BTC (Wormhole) WBTC $ 80,648.22
$ 255.93M
$ 255.93 million
-0.08%
46 Binance Wrapped BTC BBTC $ 80,873.91
$ 234.53M
$ 234.53 million
+0.11%
47 Gate Wrapped BTC GTBTC $ 81,074.66
$ 186.45M
$ 186.45 million
-0.08%
48 TRON peg TRX $ 0.351
$ 104.86M
$ 104.86 million
+0.73%
49 Wrapped Fantom WFTM $ 0.0478
$ 104.43M
$ 104.43 million
-2.89%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+9.38%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.07B
$ 9.07 billion
+13.15%
Bitcoin BEP2 BTCB $ 79,763.80
$ 3.36B
$ 3.36 billion
+10.76%
Binance-Peg XRP Token XRP $ 1.39
$ 318.53M
$ 318.53 million
+7.93%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+3.78%
Jito Staked SOL JITOSOL $ 121.91
$ 968.04M
$ 968.04 million
+1.14%
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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