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 $ 2,128.07
$ 18.76B
$ 18.76 billion
+7.32%
2 Wrapped BTC WBTC $ 72,451.22
$ 9.95B
$ 9.95 billion
+6.27%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,613.35
$ 8.34B
$ 8.34 billion
+7.25%
5 Wrapped eETH weETH $ 2,317.63
$ 6.59B
$ 6.59 billion
+7.16%
6 Wrapped Ether WETH $ 2,128.17
$ 5.66B
$ 5.66 billion
+7.28%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.25%
8 Coinbase Wrapped BTC CBBTC $ 72,731.93
$ 3.20B
$ 3.20 billion
+6.40%
9 Bitcoin BEP2 BTCB $ 72,712.79
$ 3.05B
$ 3.05 billion
+6.39%
10 Jito Staked SOL JITOSOL $ 114.96
$ 1.29B
$ 1.29 billion
+4.47%
11 Wrapped BNB WBNB $ 658.04
$ 927.11M
$ 927.11 million
+3.82%
12 Rocket Pool ETH RETH $ 2,459.37
$ 882.63M
$ 882.63 million
+6.43%
13 Lombard Staked Bitcoin LBTC $ 72,837.84
$ 770.03M
$ 770.03 million
+6.38%
14 Mantle Staked Ether METH $ 2,310.87
$ 492.00M
$ 492.00 million
+7.32%
15 Solv BTC SOLVBTC $ 72,512.76
$ 472.80M
$ 472.80 million
+5.87%
16 tBTC v2 TBTC $ 72,585.53
$ 429.19M
$ 429.19 million
+6.03%
17 Binance-Peg XRP Token XRP $ 1.43
$ 350.22M
$ 350.22 million
+4.62%
18 Marinade staked SOL MSOL $ 123.95
$ 313.69M
$ 313.69 million
+4.46%
19 Coinbase Wrapped Staked ETH CBETH $ 2,393.32
$ 300.22M
$ 300.22 million
+7.09%
20 Bitcoin Avalanche Bridged BTC.b $ 72,459.54
$ 278.60M
$ 278.60 million
+5.84%
21 Wrapped Solana SOL $ 90.95
$ 170.02M
$ 170.02 million
+4.64%
22 Wrapped AVAX WAVAX $ 9.46
$ 156.59M
$ 156.59 million
+2.75%
23 BybitSOL BBSOL $ 103.14
$ 122.26M
$ 122.26 million
+4.49%
24 Wrapped Centrifuge CFG $ 0.138
$ 79.14M
$ 79.14 million
+15.35%
25 Coinbase Wrapped XRP CBXRP $ 1.43
$ 30.40M
$ 30.40 million
+4.80%
26 Wrapped NXM WNXM $ 54.17
$ 26.17M
$ 26.17 million
+4.93%
27 Wrapped Matic WMATIC $ 0.104
$ 14.79M
$ 14.79 million
+3.02%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.03%

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

29 Binance Staked SOL BNSOL $ 99.96
$ 980.56M
$ 980.56 million
+4.56%
30 Jupiter Staked SOL JUPSOL $ 106.81
$ 447.34M
$ 447.34 million
+4.66%
31 ckBTC ckBTC $ 71,915.57
$ 33.96M
$ 33.96 million
+5.37%
32 Wrapped TAO WTAO $ 189.34
$ 22.42M
$ 22.42 million
+3.68%
33 ckUSDC CKUSDC $ 0.998
$ 1.85M
$ 1.85 million
-0.46%
34 Wrapped NCG WNCG $ 0.00547
$ 1.75M
$ 1.75 million
+1.19%
35 ckETH ckETH $ 2,118.98
$ 1.31M
$ 1.31 million
+6.96%
36 renBTC RENBTC $ 3,231.89
$ 984,106
$ 984,106
+6.40%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,767.79
$ 42.63T
$ 42.63 trillion
-6.52%
38 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.08%
39 Wrapped Binance Beacon ETH WBETH $ 2,320.56
$ 3.02B
$ 3.02 billion
+7.27%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.05%
41 USDC (Avalance) USDC $ 0.998
$ 719.56M
$ 719.56 million
-0.34%
42 Wrapped BTC (Wormhole) WBTC $ 72,486.73
$ 289.78M
$ 289.78 million
+6.30%
43 Binance Wrapped BTC BBTC $ 72,539.42
$ 210.33M
$ 210.33 million
+5.90%
44 Gate Wrapped BTC GTBTC $ 72,915.17
$ 167.67M
$ 167.67 million
+6.44%
45 TRON peg TRX $ 0.287
$ 85.76M
$ 85.76 million
+2.31%
46 Kelp DAO Wrapped rsETH WRSETH $ 2,282.56
$ 71.70M
$ 71.70 million
+8.42%
47 Binance-Peg Bitcoin Cash Token BCH $ 468.14
$ 45.18M
$ 45.18 million
+5.66%
48 Wrapped BTC WBTC.E $ 72,297.61
$ 31.68M
$ 31.68 million
+5.78%
49 ETH by Sui Bridge ETH $ 2,117.63
$ 29.12M
$ 29.12 million
+6.71%
50 Wrapped XRP WXRP $ 1.44
$ 25.78M
$ 25.78 million
+5.37%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.138
$ 79.14M
$ 79.14 million
+15.35%
Mantle Staked Ether METH $ 2,310.87
$ 492.00M
$ 492.00 million
+7.32%
Lido Staked Ether stETH $ 2,128.07
$ 18.76B
$ 18.76 billion
+7.32%
Wrapped Ether WETH $ 2,128.17
$ 5.66B
$ 5.66 billion
+7.28%
Wrapped liquid staked Ether 2.0 wstETH $ 2,613.35
$ 8.34B
$ 8.34 billion
+7.25%
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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