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 $ 2,328.21
$ 20.53B
$ 20.53 billion
+2.63%
2 Wrapped BTC WBTC $ 73,937.82
$ 10.16B
$ 10.16 billion
+0.65%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,860.79
$ 9.13B
$ 9.13 billion
+2.54%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.10%
5 Wrapped eETH weETH $ 2,537.56
$ 7.22B
$ 7.22 billion
+2.73%
6 Wrapped Ether WETH $ 2,329.38
$ 6.19B
$ 6.19 billion
+2.61%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.00%
8 Coinbase Wrapped BTC CBBTC $ 74,036.64
$ 3.25B
$ 3.25 billion
+0.57%
9 Bitcoin BEP2 BTCB $ 74,137.75
$ 3.12B
$ 3.12 billion
+0.74%
10 Jito Staked SOL JITOSOL $ 118.29
$ 1.33B
$ 1.33 billion
-0.37%
11 Rocket Pool ETH RETH $ 2,698.43
$ 968.43M
$ 968.43 million
+2.96%
12 Wrapped BNB WBNB $ 668.95
$ 942.68M
$ 942.68 million
-1.21%
13 Binance Staked SOL BNSOL $ 103.45
$ 882.78M
$ 882.78 million
-0.07%
14 Lombard Staked Bitcoin LBTC $ 74,602.55
$ 791.19M
$ 791.19 million
+1.09%
15 Mantle Staked Ether METH $ 2,517.61
$ 536.05M
$ 536.05 million
+1.81%
16 Solv BTC SOLVBTC $ 74,016.36
$ 479.86M
$ 479.86 million
+0.71%
17 tBTC v2 TBTC $ 74,003.22
$ 437.57M
$ 437.57 million
+0.51%
18 Binance-Peg XRP Token XRP $ 1.52
$ 371.89M
$ 371.89 million
+2.87%
19 Coinbase Wrapped Staked ETH CBETH $ 2,621.61
$ 315.15M
$ 315.15 million
+2.62%
20 Bitcoin Avalanche Bridged BTC.b $ 73,966.99
$ 284.32M
$ 284.32 million
+0.52%
21 Marinade staked SOL MSOL $ 127.23
$ 265.15M
$ 265.15 million
-0.58%
22 Wrapped Solana SOL $ 93.29
$ 174.38M
$ 174.38 million
-0.51%
23 Wrapped AVAX WAVAX $ 10.31
$ 145.32M
$ 145.32 million
+0.83%
24 BybitSOL BBSOL $ 106.54
$ 123.16M
$ 123.16 million
-0.00%
25 Wrapped Centrifuge CFG $ 0.166
$ 95.83M
$ 95.83 million
-7.14%
26 Coinbase Wrapped XRP CBXRP $ 1.52
$ 32.27M
$ 32.27 million
+3.40%
27 Wrapped NXM WNXM $ 56.68
$ 27.39M
$ 27.39 million
-0.92%
28 Wrapped Matic WMATIC $ 0.101
$ 14.32M
$ 14.32 million
-0.84%
29 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.06%
30 Wrapped NCG WNCG $ 0.00551
$ 1.77M
$ 1.77 million
+0.76%

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

31 Jupiter Staked SOL JUPSOL $ 109.66
$ 399.10M
$ 399.10 million
-0.46%
32 ckBTC ckBTC $ 73,677.08
$ 34.78M
$ 34.78 million
-1.48%
33 Wrapped TAO WTAO $ 280.06
$ 33.16M
$ 33.16 million
-2.74%
34 ckUSDC CKUSDC $ 0.998
$ 1.58M
$ 1.58 million
-0.26%
35 ckETH ckETH $ 2,318.50
$ 1.43M
$ 1.43 million
+1.25%
36 renBTC RENBTC $ 4,392.02
$ 1.34M
$ 1.34 million
+1.02%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,438.86
$ 48.63T
$ 48.63 trillion
+1.89%
38 ckOCT CKOCT $ 0.00272
$ 48.15T
$ 48.15 trillion
+71.43%
39 Wrapped BTC (BitGo) WBTC $ 73,624.62
$ 8.81B
$ 8.81 billion
-0.37%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.02%
41 Wrapped Binance Beacon ETH WBETH $ 2,546.67
$ 3.31B
$ 3.31 billion
+2.71%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.20%
43 USDC (Avalance) USDC $ 0.998
$ 719.77M
$ 719.77 million
-0.16%
44 Wrapped BTC (Wormhole) WBTC $ 73,651.83
$ 294.36M
$ 294.36 million
+0.22%
45 Binance Wrapped BTC BBTC $ 73,707.35
$ 213.75M
$ 213.75 million
+0.74%
46 Gate Wrapped BTC GTBTC $ 74,294.75
$ 170.84M
$ 170.84 million
+0.61%
47 TRON peg TRX $ 0.302
$ 90.32M
$ 90.32 million
+1.47%
48 Binance-Peg Bitcoin Cash Token BCH $ 476.03
$ 45.94M
$ 45.94 million
+0.86%
49 Wrapped BTC WBTC.E $ 73,817.77
$ 32.33M
$ 32.33 million
+0.55%
50 ETH by Sui Bridge ETH $ 2,330.22
$ 32.04M
$ 32.04 million
+3.08%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Coinbase Wrapped XRP CBXRP $ 1.52
$ 32.27M
$ 32.27 million
+3.40%
Rocket Pool ETH RETH $ 2,698.43
$ 968.43M
$ 968.43 million
+2.96%
Binance-Peg XRP Token XRP $ 1.52
$ 371.89M
$ 371.89 million
+2.87%
Wrapped eETH weETH $ 2,537.56
$ 7.22B
$ 7.22 billion
+2.73%
Lido Staked Ether stETH $ 2,328.21
$ 20.53B
$ 20.53 billion
+2.63%
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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