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 $ 2,222.86
$ 19.48B
$ 19.48 billion
-3.32%
2 Wrapped BTC WBTC $ 78,937.04
$ 10.84B
$ 10.84 billion
-2.62%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,741.87
$ 9.19B
$ 9.19 billion
-3.40%
4 Binance-Peg BSC-USD BSC-USD $ 0.925
$ 8.31B
$ 8.31 billion
-14.35%
5 Wrapped Ether WETH $ 2,220.84
$ 5.90B
$ 5.90 billion
-3.41%
6 Wrapped eETH weETH $ 2,429.60
$ 4.23B
$ 4.23 billion
-3.02%
7 Coinbase Wrapped BTC CBBTC $ 79,175.09
$ 3.13B
$ 3.13 billion
-2.54%
8 Bitcoin BEP2 BTCB $ 73,947.33
$ 3.12B
$ 3.12 billion
-14.49%
9 Wrapped BNB WBNB $ 643.75
$ 1.11B
$ 1.11 billion
-7.91%
10 Binance Staked SOL BNSOL $ 98.87
$ 983.49M
$ 983.49 million
-4.40%
11 Jito Staked SOL JITOSOL $ 113.71
$ 902.80M
$ 902.80 million
-4.20%
12 Rocket Pool ETH RETH $ 2,581.67
$ 861.19M
$ 861.19 million
-2.84%
13 Lombard Staked Bitcoin LBTC $ 79,378.95
$ 841.41M
$ 841.41 million
-2.27%
14 Mantle Staked Ether METH $ 2,421.85
$ 550.99M
$ 550.99 million
-3.57%
15 Jupiter Staked SOL JUPSOL $ 105.59
$ 452.86M
$ 452.86 million
-4.08%
16 tBTC v2 TBTC $ 79,048.30
$ 405.70M
$ 405.70 million
-2.47%
17 Binance-Peg XRP Token XRP $ 1.35
$ 308.95M
$ 308.95 million
-8.16%
18 Bitcoin Avalanche Bridged BTC.b $ 79,123.20
$ 304.14M
$ 304.14 million
-2.50%
19 Coinbase Wrapped Staked ETH CBETH $ 2,511.82
$ 293.51M
$ 293.51 million
-3.35%
20 Marinade staked SOL MSOL $ 122.60
$ 284.28M
$ 284.28 million
-4.15%
21 Wrapped AVAX WAVAX $ 9.49
$ 153.10M
$ 153.10 million
-5.29%
22 Wrapped Centrifuge CFG $ 0.265
$ 152.84M
$ 152.84 million
-8.66%
23 Wrapped Solana SOL $ 89.04
$ 133.55M
$ 133.55 million
-4.25%
24 Coinbase Wrapped XRP CBXRP $ 1.44
$ 101.54M
$ 101.54 million
-2.50%
25 Wrapped NXM WNXM $ 56.41
$ 24.37M
$ 24.37 million
+0.25%
26 Wrapped Matic WMATIC $ 0.0903
$ 12.85M
$ 12.85 million
-4.04%
27 Axelar Wrapped USDC AXLUSDC $ 0.970
$ 2.36M
$ 2.36 million
-2.82%

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

28 Ethena Staked USDe sUSDe $ 3.77
$ 11.75B
$ 11.75 billion
+0.06%
29 Solv BTC SOLVBTC $ 76,689.51
$ 493.83M
$ 493.83 million
-5.62%
30 BybitSOL BBSOL $ 102.39
$ 116.92M
$ 116.92 million
-4.44%
31 Wrapped TAO WTAO $ 288.79
$ 31.33M
$ 31.33 million
-5.18%
32 ckBTC ckBTC $ 78,574.44
$ 22.81M
$ 22.81 million
-3.24%
33 renBTC RENBTC $ 18,594.82
$ 5.66M
$ 5.66 million
+14.06%
34 ckUSDC CKUSDC $ 1.00
$ 2.05M
$ 2.05 million
-0.20%
35 Wrapped NCG WNCG $ 0.00587
$ 1.88M
$ 1.88 million
-1.53%
36 ckETH ckETH $ 2,203.79
$ 1.36M
$ 1.36 million
-3.74%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,662.22
$ 31.42T
$ 31.42 trillion
-2.06%
38 Wrapped Banano WBAN $ 1,942.67
$ 72.02B
$ 72.02 billion
+400.67M%
39 Wrapped DOGE WDOGE $ 0.112
$ 14.44B
$ 14.44 billion
-2.10%
40 Wrapped BTC (BitGo) WBTC $ 78,958.98
$ 9.35B
$ 9.35 billion
-1.83%
41 USDC (BASE) USDC $ 0.875
$ 3.80B
$ 3.80 billion
-12.52%
42 Wrapped Binance Beacon ETH WBETH $ 2,433.50
$ 3.02B
$ 3.02 billion
-3.47%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.850
$ 1.09B
$ 1.09 billion
-19.26%
44 USDC (Avalance) USDC $ 0.944
$ 681.39M
$ 681.39 million
-5.47%
45 Wrapped BTC (Wormhole) WBTC $ 78,956.57
$ 250.57M
$ 250.57 million
-2.49%
46 Binance Wrapped BTC BBTC $ 79,127.86
$ 229.47M
$ 229.47 million
-2.41%
47 Gate Wrapped BTC GTBTC $ 79,424.94
$ 182.65M
$ 182.65 million
-2.74%
48 Wrapped Fantom WFTM $ 0.0546
$ 119.30M
$ 119.30 million
+1.07%
49 TRON peg TRX $ 0.351
$ 104.73M
$ 104.73 million
-0.83%
50 Wrapped DAG WDAG $ 0.0208
$ 77.35M
$ 77.35 million
-4.35%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped NXM WNXM $ 56.41
$ 24.37M
$ 24.37 million
+0.25%
Lombard Staked Bitcoin LBTC $ 79,378.95
$ 841.41M
$ 841.41 million
-2.27%
tBTC v2 TBTC $ 79,048.30
$ 405.70M
$ 405.70 million
-2.47%
Coinbase Wrapped XRP CBXRP $ 1.44
$ 101.54M
$ 101.54 million
-2.50%
Bitcoin Avalanche Bridged BTC.b $ 79,123.20
$ 304.14M
$ 304.14 million
-2.50%
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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