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 $ 2,064.97
$ 18.21B
$ 18.21 billion
+1.26%
2 Wrapped BTC WBTC $ 70,361.97
$ 9.67B
$ 9.67 billion
+0.68%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.21%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,540.20
$ 8.11B
$ 8.11 billion
+1.38%
5 Wrapped eETH weETH $ 2,250.26
$ 6.40B
$ 6.40 billion
+1.11%
6 Wrapped Ether WETH $ 2,066.38
$ 5.49B
$ 5.49 billion
+1.30%
7 Ethena Staked USDe sUSDe $ 1.23
$ 3.82B
$ 3.82 billion
+0.24%
8 Coinbase Wrapped BTC CBBTC $ 70,578.87
$ 3.10B
$ 3.10 billion
+0.75%
9 Bitcoin BEP2 BTCB $ 70,552.71
$ 2.96B
$ 2.96 billion
+0.93%
10 Jito Staked SOL JITOSOL $ 110.25
$ 1.24B
$ 1.24 billion
+1.25%
11 Binance Staked SOL BNSOL $ 96.03
$ 942.11M
$ 942.11 million
+1.45%
12 Wrapped BNB WBNB $ 652.29
$ 919.19M
$ 919.19 million
+1.59%
13 Rocket Pool ETH RETH $ 2,397.75
$ 860.51M
$ 860.51 million
+1.35%
14 Lombard Staked Bitcoin LBTC $ 70,641.52
$ 747.13M
$ 747.13 million
+0.37%
15 Solv BTC SOLVBTC $ 70,381.37
$ 454.26M
$ 454.26 million
+0.77%
16 Jupiter Staked SOL JUPSOL $ 104.52
$ 437.76M
$ 437.76 million
+3.49%
17 tBTC v2 TBTC $ 70,530.62
$ 417.04M
$ 417.04 million
+0.71%
18 Binance-Peg XRP Token XRP $ 1.39
$ 341.52M
$ 341.52 million
+0.15%
19 Coinbase Wrapped Staked ETH CBETH $ 2,323.93
$ 292.19M
$ 292.19 million
+1.26%
20 Bitcoin Avalanche Bridged BTC.b $ 70,643.74
$ 271.57M
$ 271.57 million
+0.62%
21 Marinade staked SOL MSOL $ 114.52
$ 238.66M
$ 238.66 million
-2.34%
22 Wrapped Solana SOL $ 87.15
$ 162.90M
$ 162.90 million
+1.33%
23 Wrapped AVAX WAVAX $ 9.65
$ 136.00M
$ 136.00 million
+0.27%
24 BybitSOL BBSOL $ 99.13
$ 116.51M
$ 116.51 million
+1.32%
25 Wrapped Centrifuge CFG $ 0.132
$ 75.95M
$ 75.95 million
-5.67%
26 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.55M
$ 29.55 million
-0.29%
27 Wrapped TAO WTAO $ 201.61
$ 23.87M
$ 23.87 million
+0.57%
28 Wrapped Matic WMATIC $ 0.0979
$ 13.93M
$ 13.93 million
+1.31%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.07%
30 Wrapped NCG WNCG $ 0.00533
$ 1.71M
$ 1.71 million
-0.33%

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

31 Mantle Staked Ether METH $ 2,251.10
$ 479.31M
$ 479.31 million
+1.25%
32 ckBTC ckBTC $ 71,466.40
$ 33.73M
$ 33.73 million
+2.15%
33 Wrapped NXM WNXM $ 52.24
$ 25.26M
$ 25.26 million
+0.86%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
+0.32%
35 ckETH ckETH $ 2,067.26
$ 1.28M
$ 1.28 million
+0.60%
36 renBTC RENBTC $ 3,629.97
$ 1.11M
$ 1.11 million
+0.39%
37 ckOCT CKOCT $ 0.00400
$ 70.80T
$ 70.80 trillion
+24.66%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,969.29
$ 44.43T
$ 44.43 trillion
-3.68%
39 Wrapped DOGE WDOGE $ 0.107
$ 13.77B
$ 13.77 billion
-3.79%
40 Wrapped BTC (BitGo) WBTC $ 70,612.11
$ 8.45B
$ 8.45 billion
--%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.24%
42 Wrapped Binance Beacon ETH WBETH $ 2,255.14
$ 2.94B
$ 2.94 billion
+1.27%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.16%
44 USDC (Avalance) USDC $ 0.997
$ 719.19M
$ 719.19 million
-0.30%
45 Wrapped BTC (Wormhole) WBTC $ 70,353.74
$ 281.23M
$ 281.23 million
+0.49%
46 Binance Wrapped BTC BBTC $ 70,597.67
$ 204.73M
$ 204.73 million
+0.65%
47 Gate Wrapped BTC GTBTC $ 70,774.10
$ 162.75M
$ 162.75 million
+0.79%
48 TRON peg TRX $ 0.291
$ 86.91M
$ 86.91 million
+2.26%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,202.65
$ 69.19M
$ 69.19 million
+1.93%
50 Cardano AP3X Token cAP3X $ 0.0197
$ 59.14M
$ 59.14 million
-5.63%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Jupiter Staked SOL JUPSOL $ 104.52
$ 437.76M
$ 437.76 million
+3.49%
Wrapped BNB WBNB $ 652.29
$ 919.19M
$ 919.19 million
+1.59%
Binance Staked SOL BNSOL $ 96.03
$ 942.11M
$ 942.11 million
+1.45%
Wrapped liquid staked Ether 2.0 wstETH $ 2,540.20
$ 8.11B
$ 8.11 billion
+1.38%
Rocket Pool ETH RETH $ 2,397.75
$ 860.51M
$ 860.51 million
+1.35%
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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