Wrapped coins

218 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 $ 2,404.35
$ 21.77B
$ 21.77 billion
+1.35%
2 Wrapped BTC WBTC $ 82,157.12
$ 11.29B
$ 11.29 billion
+1.78%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,970.73
$ 10.05B
$ 10.05 billion
+1.36%
4 Binance-Peg BSC-USD BSC-USD $ 1.05
$ 9.40B
$ 9.40 billion
+4.11%
5 Wrapped Ether WETH $ 2,408.93
$ 6.40B
$ 6.40 billion
+1.25%
6 Wrapped eETH weETH $ 2,630.25
$ 5.24B
$ 5.24 billion
+1.39%
7 Bitcoin BEP2 BTCB $ 84,586.21
$ 3.57B
$ 3.57 billion
+4.06%
8 Coinbase Wrapped BTC CBBTC $ 82,465.97
$ 3.03B
$ 3.03 billion
+1.81%
9 Wrapped BNB WBNB $ 591.32
$ 1.02B
$ 1.02 billion
-4.05%
10 Rocket Pool ETH RETH $ 2,803.34
$ 936.52M
$ 936.52 million
+1.36%
11 Binance Staked SOL BNSOL $ 99.62
$ 928.04M
$ 928.04 million
+5.56%
12 Jito Staked SOL JITOSOL $ 114.61
$ 909.91M
$ 909.91 million
+5.63%
13 Lombard Staked Bitcoin LBTC $ 82,552.18
$ 875.11M
$ 875.11 million
+1.95%
14 tBTC v2 TBTC $ 82,483.17
$ 437.94M
$ 437.94 million
+1.89%
15 Bitcoin Avalanche Bridged BTC.b $ 82,549.52
$ 317.33M
$ 317.33 million
+1.92%
16 Coinbase Wrapped Staked ETH CBETH $ 2,716.90
$ 317.04M
$ 317.04 million
+1.26%
17 Binance-Peg XRP Token XRP $ 1.37
$ 313.20M
$ 313.20 million
-1.45%
18 Marinade staked SOL MSOL $ 123.27
$ 286.81M
$ 286.81 million
+5.29%
19 Wrapped AVAX WAVAX $ 9.72
$ 161.70M
$ 161.70 million
+3.48%
20 Wrapped Centrifuge CFG $ 0.247
$ 142.78M
$ 142.78 million
+7.41%
21 Wrapped Solana SOL $ 89.83
$ 134.83M
$ 134.83 million
+5.79%
22 Wrapped TAO WTAO $ 310.31
$ 33.67M
$ 33.67 million
+8.52%
23 Wrapped NXM WNXM $ 61.29
$ 26.98M
$ 26.98 million
+2.23%
24 Wrapped Matic WMATIC $ 0.0996
$ 14.18M
$ 14.18 million
+1.03%
25 Axelar Wrapped USDC AXLUSDC $ 1.02
$ 2.53M
$ 2.53 million
+1.95%

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

26 Ethena Staked USDe sUSDe $ 3.99
$ 12.44B
$ 12.44 billion
-8.55%
27 Mantle Staked Ether METH $ 2,633.62
$ 579.90M
$ 579.90 million
+1.36%
28 Solv BTC SOLVBTC $ 84,390.64
$ 532.85M
$ 532.85 million
+5.93%
29 Jupiter Staked SOL JUPSOL $ 106.23
$ 454.39M
$ 454.39 million
+3.56%
30 BybitSOL BBSOL $ 103.11
$ 110.96M
$ 110.96 million
+5.65%
31 Coinbase Wrapped XRP CBXRP $ 1.45
$ 93.07M
$ 93.07 million
+3.08%
32 ckBTC ckBTC $ 83,180.08
$ 24.15M
$ 24.15 million
+3.50%
33 renBTC RENBTC $ 18,105.99
$ 5.51M
$ 5.51 million
+20.76%
34 Wrapped NCG WNCG $ 0.00541
$ 1.74M
$ 1.74 million
+0.78%
35 ckUSDC CKUSDC $ 1.00
$ 1.59M
$ 1.59 million
+0.75%
36 ckETH ckETH $ 2,419.15
$ 1.50M
$ 1.50 million
+0.55%
37 ckOCT CKOCT $ 0.00464
$ 82.14T
$ 82.14 trillion
+77.76%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,491.69
$ 30.27T
$ 30.27 trillion
-0.12%
39 Wrapped Banano WBAN $ 2,015.47
$ 74.72B
$ 74.72 billion
+380.63M%
40 Wrapped DOGE WDOGE $ 0.117
$ 15.05B
$ 15.05 billion
+4.55%
41 Wrapped BTC (BitGo) WBTC $ 82,152.28
$ 9.73B
$ 9.73 billion
+2.00%
42 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+1.73%
43 Wrapped Binance Beacon ETH WBETH $ 2,641.53
$ 3.42B
$ 3.42 billion
+1.35%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.03
$ 1.32B
$ 1.32 billion
+3.08%
45 USDC (Avalance) USDC $ 0.997
$ 719.09M
$ 719.09 million
+1.15%
46 Wrapped BTC (Wormhole) WBTC $ 82,263.79
$ 261.06M
$ 261.06 million
+1.85%
47 Binance Wrapped BTC BBTC $ 82,682.35
$ 239.78M
$ 239.78 million
+2.19%
48 Gate Wrapped BTC GTBTC $ 82,737.05
$ 190.26M
$ 190.26 million
+1.80%
49 TRON peg TRX $ 0.343
$ 102.44M
$ 102.44 million
+0.68%
50 Wrapped Fantom WFTM $ 0.0460
$ 100.57M
$ 100.57 million
-3.52%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 310.31
$ 33.67M
$ 33.67 million
+8.52%
Wrapped Centrifuge CFG $ 0.247
$ 142.78M
$ 142.78 million
+7.41%
Wrapped Solana SOL $ 89.83
$ 134.83M
$ 134.83 million
+5.79%
Jito Staked SOL JITOSOL $ 114.61
$ 909.91M
$ 909.91 million
+5.63%
Binance Staked SOL BNSOL $ 99.62
$ 928.04M
$ 928.04 million
+5.56%
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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