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 $ 2,071.09
$ 18.27B
$ 18.27 billion
-2.74%
2 Wrapped BTC WBTC $ 70,765.85
$ 9.73B
$ 9.73 billion
-2.50%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.00%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,544.71
$ 8.12B
$ 8.12 billion
-2.73%
5 Wrapped eETH weETH $ 2,255.32
$ 6.41B
$ 6.41 billion
-2.71%
6 Wrapped Ether WETH $ 2,073.38
$ 5.51B
$ 5.51 billion
-2.64%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 70,935.50
$ 3.12B
$ 3.12 billion
-2.62%
9 Bitcoin BEP2 BTCB $ 70,928.51
$ 2.98B
$ 2.98 billion
-2.57%
10 Jito Staked SOL JITOSOL $ 112.22
$ 1.26B
$ 1.26 billion
-2.42%
11 Wrapped BNB WBNB $ 647.46
$ 912.45M
$ 912.45 million
-1.61%
12 Rocket Pool ETH RETH $ 2,401.58
$ 861.89M
$ 861.89 million
-2.35%
13 Lombard Staked Bitcoin LBTC $ 71,157.34
$ 752.30M
$ 752.30 million
-2.28%
14 tBTC v2 TBTC $ 70,858.13
$ 418.98M
$ 418.98 million
-2.75%
15 Binance-Peg XRP Token XRP $ 1.41
$ 345.42M
$ 345.42 million
-1.49%
16 Marinade staked SOL MSOL $ 120.80
$ 305.72M
$ 305.72 million
-2.52%
17 Coinbase Wrapped Staked ETH CBETH $ 2,331.82
$ 293.19M
$ 293.19 million
-2.71%
18 Bitcoin Avalanche Bridged BTC.b $ 70,924.56
$ 272.63M
$ 272.63 million
-2.60%
19 Wrapped Solana SOL $ 88.83
$ 166.04M
$ 166.04 million
-2.39%
20 Wrapped AVAX WAVAX $ 9.40
$ 155.49M
$ 155.49 million
-1.16%
21 BybitSOL BBSOL $ 100.77
$ 119.60M
$ 119.60 million
-2.22%
22 Wrapped Centrifuge CFG $ 0.167
$ 95.90M
$ 95.90 million
+14.39%
23 Coinbase Wrapped XRP CBXRP $ 1.40
$ 29.87M
$ 29.87 million
-1.78%
24 Wrapped Matic WMATIC $ 0.101
$ 14.38M
$ 14.38 million
-2.66%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.03%

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

26 Binance Staked SOL BNSOL $ 97.77
$ 958.79M
$ 958.79 million
-2.12%
27 Mantle Staked Ether METH $ 2,257.04
$ 480.56M
$ 480.56 million
-3.54%
28 Solv BTC SOLVBTC $ 71,024.82
$ 461.50M
$ 461.50 million
-2.24%
29 Jupiter Staked SOL JUPSOL $ 104.12
$ 436.07M
$ 436.07 million
-2.60%
30 ckBTC ckBTC $ 70,362.37
$ 33.21M
$ 33.21 million
-4.80%
31 Wrapped NXM WNXM $ 52.71
$ 25.49M
$ 25.49 million
-2.91%
32 Wrapped TAO WTAO $ 185.46
$ 21.96M
$ 21.96 million
-1.88%
33 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.41%
34 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
-1.78%
35 ckETH ckETH $ 2,075.06
$ 1.28M
$ 1.28 million
-3.67%
36 renBTC RENBTC $ 3,135.37
$ 954,715
$ 954,715
-2.90%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,095.24
$ 45.56T
$ 45.56 trillion
+6.86%
38 Wrapped DOGE WDOGE $ 0.111
$ 14.35B
$ 14.35 billion
+7.76%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.12%
40 Wrapped Binance Beacon ETH WBETH $ 2,260.79
$ 2.94B
$ 2.94 billion
-2.69%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
+0.01%
42 USDC (Avalance) USDC $ 1.00
$ 722.29M
$ 722.29 million
+0.19%
43 Wrapped BTC (Wormhole) WBTC $ 70,712.61
$ 282.66M
$ 282.66 million
-2.69%
44 Binance Wrapped BTC BBTC $ 71,118.53
$ 206.24M
$ 206.24 million
-2.26%
45 Gate Wrapped BTC GTBTC $ 71,138.94
$ 163.59M
$ 163.59 million
-2.59%
46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.63M
$ 91.63 million
+0.22%
47 TRON peg TRX $ 0.285
$ 85.14M
$ 85.14 million
-0.71%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,216.81
$ 69.63M
$ 69.63 million
-2.20%
49 Binance-Peg Bitcoin Cash Token BCH $ 462.04
$ 44.59M
$ 44.59 million
+0.03%
50 Wrapped BTC WBTC.E $ 70,729.50
$ 30.98M
$ 30.98 million
-2.55%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.167
$ 95.90M
$ 95.90 million
+14.39%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.01%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.00%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.03%
Wrapped AVAX WAVAX $ 9.40
$ 155.49M
$ 155.49 million
-1.16%
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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