Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,983.33
$ 17.61B
$ 17.61 billion
-0.37%
2 Wrapped BTC WBTC $ 70,213.38
$ 9.64B
$ 9.64 billion
-3.96%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.98B
$ 8.98 billion
-0.10%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,449.93
$ 8.50B
$ 8.50 billion
-0.50%
5 Wrapped Ether WETH $ 1,979.75
$ 5.27B
$ 5.27 billion
-0.45%
6 Wrapped eETH weETH $ 2,172.84
$ 3.45B
$ 3.45 billion
-0.37%
7 Coinbase Wrapped BTC CBBTC $ 70,257.46
$ 3.03B
$ 3.03 billion
-4.03%
8 Bitcoin BEP2 BTCB $ 70,284.44
$ 2.97B
$ 2.97 billion
-4.06%
9 Wrapped BNB WBNB $ 680.41
$ 1.18B
$ 1.18 billion
-2.01%
10 Binance Staked SOL BNSOL $ 88.60
$ 881.90M
$ 881.90 million
-2.49%
11 Jito Staked SOL JITOSOL $ 102.00
$ 774.08M
$ 774.08 million
-2.47%
12 Rocket Pool ETH RETH $ 2,318.41
$ 771.93M
$ 771.93 million
-0.10%
13 Lombard Staked Bitcoin LBTC $ 70,943.71
$ 751.39M
$ 751.39 million
-3.79%
14 tBTC v2 TBTC $ 70,350.99
$ 339.31M
$ 339.31 million
-4.07%
15 Binance-Peg XRP Token XRP $ 1.27
$ 287.73M
$ 287.73 million
-3.81%
16 Bitcoin Avalanche Bridged BTC.b $ 70,439.26
$ 270.65M
$ 270.65 million
-3.97%
17 Coinbase Wrapped Staked ETH CBETH $ 2,241.00
$ 262.01M
$ 262.01 million
-0.48%
18 Marinade staked SOL MSOL $ 110.13
$ 255.49M
$ 255.49 million
-2.15%
19 Wrapped Centrifuge CFG $ 0.248
$ 143.40M
$ 143.40 million
-3.98%
20 Wrapped AVAX WAVAX $ 8.71
$ 140.67M
$ 140.67 million
-1.72%
21 Wrapped Solana SOL $ 79.56
$ 119.35M
$ 119.35 million
-2.42%
22 Wrapped NXM WNXM $ 51.88
$ 22.19M
$ 22.19 million
+1.55%
23 Wrapped Matic WMATIC $ 0.0924
$ 13.15M
$ 13.15 million
-0.16%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.09%
25 Wrapped NCG WNCG $ 0.00619
$ 1.98M
$ 1.98 million
-7.59%

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

26 Ethena Staked USDe sUSDe $ 3.37
$ 10.51B
$ 10.51 billion
+0.46%
27 Wrapped TRON WTRX $ 0.343
$ 1.36B
$ 1.36 billion
-2.66%
28 Mantle Staked Ether METH $ 2,166.59
$ 447.61M
$ 447.61 million
-0.59%
29 Solv BTC SOLVBTC $ 70,324.23
$ 444.83M
$ 444.83 million
-4.16%
30 Jupiter Staked SOL JUPSOL $ 94.70
$ 406.22M
$ 406.22 million
-2.40%
31 BybitSOL BBSOL $ 91.68
$ 108.04M
$ 108.04 million
-2.45%
32 Coinbase Wrapped XRP CBXRP $ 1.27
$ 100.91M
$ 100.91 million
-3.79%
33 Wrapped TAO WTAO $ 252.72
$ 27.08M
$ 27.08 million
+0.40%
34 ckBTC ckBTC $ 70,887.37
$ 13.64M
$ 13.64 million
-2.69%
35 renBTC RENBTC $ 16,002.08
$ 4.87M
$ 4.87 million
+1.77%
36 ckUSDC CKUSDC $ 0.996
$ 2.03M
$ 2.03 million
+0.64%
37 ckETH ckETH $ 1,988.57
$ 1.23M
$ 1.23 million
+0.20%
38 ckOCT CKOCT $ 0.00575
$ 101.78T
$ 101.78 trillion
-5.43%
39 Wrapped DOGE WDOGE $ 0.0992
$ 12.81B
$ 12.81 billion
-0.65%
40 Wrapped BTC (BitGo) WBTC $ 70,463.36
$ 8.21B
$ 8.21 billion
-3.91%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.08%
42 Wrapped Binance Beacon ETH WBETH $ 2,176.98
$ 2.70B
$ 2.70 billion
-0.45%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.06%
44 USDC (Avalance) USDC $ 1.00
$ 723.30M
$ 723.30 million
+0.34%
45 Wrapped BTC (Wormhole) WBTC $ 70,141.70
$ 211.10M
$ 211.10 million
-4.05%
46 Binance Wrapped BTC BBTC $ 70,561.59
$ 204.63M
$ 204.63 million
-3.93%
47 Gate Wrapped BTC GTBTC $ 70,590.66
$ 162.33M
$ 162.33 million
-4.00%
48 Wrapped Fantom WFTM $ 0.0479
$ 104.74M
$ 104.74 million
-2.92%
49 TRON peg TRX $ 0.342
$ 102.10M
$ 102.10 million
-2.57%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,111.99
$ 66.34M
$ 66.34 million
-0.69%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped NXM WNXM $ 51.88
$ 22.19M
$ 22.19 million
+1.55%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.09%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.98B
$ 8.98 billion
-0.10%
Rocket Pool ETH RETH $ 2,318.41
$ 771.93M
$ 771.93 million
-0.10%
Wrapped Matic WMATIC $ 0.0924
$ 13.15M
$ 13.15 million
-0.16%
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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