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 $ 1,978.34
$ 17.45B
$ 17.45 billion
-4.55%
2 Wrapped BTC WBTC $ 67,638.30
$ 9.29B
$ 9.29 billion
-4.24%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,431.63
$ 7.76B
$ 7.76 billion
-4.40%
5 Wrapped eETH weETH $ 2,154.47
$ 6.13B
$ 6.13 billion
-4.62%
6 Wrapped Ether WETH $ 1,978.60
$ 5.26B
$ 5.26 billion
-4.54%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.01%
8 Coinbase Wrapped BTC CBBTC $ 67,776.23
$ 2.98B
$ 2.98 billion
-4.18%
9 Bitcoin BEP2 BTCB $ 67,758.59
$ 2.85B
$ 2.85 billion
-4.17%
10 Jito Staked SOL JITOSOL $ 106.69
$ 1.20B
$ 1.20 billion
-4.40%
11 Wrapped BNB WBNB $ 627.51
$ 884.34M
$ 884.34 million
-2.54%
12 Rocket Pool ETH RETH $ 2,297.82
$ 824.65M
$ 824.65 million
-4.48%
13 Lombard Staked Bitcoin LBTC $ 68,368.45
$ 722.73M
$ 722.73 million
-3.51%
14 Solv BTC SOLVBTC $ 67,737.73
$ 436.86M
$ 436.86 million
-4.24%
15 tBTC v2 TBTC $ 67,758.78
$ 400.65M
$ 400.65 million
-4.19%
16 Marinade staked SOL MSOL $ 115.11
$ 291.30M
$ 291.30 million
-4.22%
17 Coinbase Wrapped Staked ETH CBETH $ 2,227.55
$ 280.08M
$ 280.08 million
-4.57%
18 Bitcoin Avalanche Bridged BTC.b $ 67,860.17
$ 260.85M
$ 260.85 million
-4.36%
19 Wrapped Solana SOL $ 84.31
$ 157.59M
$ 157.59 million
-4.30%
20 Wrapped AVAX WAVAX $ 9.03
$ 149.41M
$ 149.41 million
-4.29%
21 BybitSOL BBSOL $ 95.55
$ 113.40M
$ 113.40 million
-4.35%
22 Wrapped Centrifuge CFG $ 0.147
$ 84.73M
$ 84.73 million
-1.65%
23 Coinbase Wrapped XRP CBXRP $ 1.37
$ 29.10M
$ 29.10 million
-2.80%
24 Wrapped Matic WMATIC $ 0.0976
$ 13.89M
$ 13.89 million
-3.85%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.01%
26 Wrapped NCG WNCG $ 0.00530
$ 1.70M
$ 1.70 million
-3.17%

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

27 Binance Staked SOL BNSOL $ 92.72
$ 909.60M
$ 909.60 million
-4.54%
28 Mantle Staked Ether METH $ 2,157.38
$ 459.13M
$ 459.13 million
-4.93%
29 Jupiter Staked SOL JUPSOL $ 99.15
$ 415.25M
$ 415.25 million
-4.26%
30 Binance-Peg XRP Token XRP $ 1.37
$ 335.83M
$ 335.83 million
-2.68%
31 ckBTC ckBTC $ 68,176.67
$ 32.24M
$ 32.24 million
-4.19%
32 Wrapped NXM WNXM $ 51.93
$ 25.12M
$ 25.12 million
-1.23%
33 Wrapped TAO WTAO $ 178.01
$ 21.08M
$ 21.08 million
-4.68%
34 ckUSDC CKUSDC $ 0.994
$ 1.85M
$ 1.85 million
+0.19%
35 ckETH ckETH $ 1,990.93
$ 1.23M
$ 1.23 million
-3.93%
36 renBTC RENBTC $ 3,063.78
$ 932,915
$ 932,915
-4.08%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,970.61
$ 44.44T
$ 44.44 trillion
-1.10%
38 Wrapped DOGE WDOGE $ 0.108
$ 13.89B
$ 13.89 billion
-3.64%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.19%
40 Wrapped Binance Beacon ETH WBETH $ 2,157.30
$ 2.81B
$ 2.81 billion
-4.53%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.07%
42 USDC (Avalance) USDC $ 1.00
$ 721.85M
$ 721.85 million
-0.11%
43 Wrapped BTC (Wormhole) WBTC $ 67,652.30
$ 270.43M
$ 270.43 million
-4.22%
44 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 2.06
$ 218.96M
$ 218.96 million
+80.02%
45 Binance Wrapped BTC BBTC $ 67,866.93
$ 196.81M
$ 196.81 million
-4.14%
46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 2.14
$ 170.85M
$ 170.85 million
+86.47%
47 Gate Wrapped BTC GTBTC $ 68,069.40
$ 156.53M
$ 156.53 million
-4.14%
48 TRON peg TRX $ 0.283
$ 84.53M
$ 84.53 million
-0.86%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,107.44
$ 66.20M
$ 66.20 million
-4.41%
50 Binance-Peg Bitcoin Cash Token BCH $ 440.53
$ 42.51M
$ 42.51 million
-4.34%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.01%
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.01%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.07%
Wrapped Centrifuge CFG $ 0.147
$ 84.73M
$ 84.73 million
-1.65%
Wrapped BNB WBNB $ 627.51
$ 884.34M
$ 884.34 million
-2.54%
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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