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 $ 2,243.09
$ 19.78B
$ 19.78 billion
+6.04%
2 Wrapped BTC WBTC $ 73,006.88
$ 10.03B
$ 10.03 billion
+1.88%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.23%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,759.85
$ 8.81B
$ 8.81 billion
+6.06%
5 Wrapped eETH weETH $ 2,444.86
$ 6.95B
$ 6.95 billion
+6.23%
6 Wrapped Ether WETH $ 2,245.54
$ 5.97B
$ 5.97 billion
+5.92%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 73,160.10
$ 3.22B
$ 3.22 billion
+1.86%
9 Bitcoin BEP2 BTCB $ 73,108.05
$ 3.07B
$ 3.07 billion
+2.00%
10 Jito Staked SOL JITOSOL $ 117.63
$ 1.32B
$ 1.32 billion
+4.77%
11 Wrapped BNB WBNB $ 675.13
$ 951.43M
$ 951.43 million
+1.72%
12 Rocket Pool ETH RETH $ 2,601.84
$ 933.76M
$ 933.76 million
+6.24%
13 Binance Staked SOL BNSOL $ 102.35
$ 873.40M
$ 873.40 million
+4.56%
14 Lombard Staked Bitcoin LBTC $ 73,643.41
$ 781.20M
$ 781.20 million
+2.39%
15 Mantle Staked Ether METH $ 2,445.92
$ 520.78M
$ 520.78 million
+5.94%
16 Solv BTC SOLVBTC $ 73,486.89
$ 475.33M
$ 475.33 million
+2.92%
17 tBTC v2 TBTC $ 73,058.94
$ 431.99M
$ 431.99 million
+1.80%
18 Jupiter Staked SOL JUPSOL $ 109.21
$ 397.52M
$ 397.52 million
+4.87%
19 Binance-Peg XRP Token XRP $ 1.47
$ 360.91M
$ 360.91 million
+4.26%
20 Coinbase Wrapped Staked ETH CBETH $ 2,524.89
$ 303.52M
$ 303.52 million
+5.89%
21 Bitcoin Avalanche Bridged BTC.b $ 73,165.88
$ 281.24M
$ 281.24 million
+2.13%
22 Marinade staked SOL MSOL $ 126.93
$ 264.52M
$ 264.52 million
+4.88%
23 Wrapped AVAX WAVAX $ 10.26
$ 144.59M
$ 144.59 million
+5.05%
24 Wrapped Solana SOL $ 92.98
$ 139.46M
$ 139.46 million
+4.79%
25 BybitSOL BBSOL $ 105.69
$ 122.19M
$ 122.19 million
+4.71%
26 Wrapped Centrifuge CFG $ 0.121
$ 69.82M
$ 69.82 million
-0.02%
27 Wrapped TAO WTAO $ 276.50
$ 32.74M
$ 32.74 million
+3.34%
28 Coinbase Wrapped XRP CBXRP $ 1.47
$ 31.22M
$ 31.22 million
+4.05%
29 Wrapped NXM WNXM $ 57.45
$ 27.78M
$ 27.78 million
+5.64%
30 Wrapped Matic WMATIC $ 0.100
$ 14.25M
$ 14.25 million
+4.64%
31 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.03%
32 Wrapped NCG WNCG $ 0.00541
$ 1.73M
$ 1.73 million
+0.85%

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

33 ckBTC ckBTC $ 72,881.08
$ 34.40M
$ 34.40 million
+0.45%
34 ckUSDC CKUSDC $ 1.000
$ 1.58M
$ 1.58 million
-0.27%
35 ckETH ckETH $ 2,240.31
$ 1.39M
$ 1.39 million
+5.87%
36 renBTC RENBTC $ 4,292.92
$ 1.31M
$ 1.31 million
+1.74%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,322.64
$ 47.59T
$ 47.59 trillion
+3.61%
38 ckOCT CKOCT $ 0.00159
$ 28.10T
$ 28.10 trillion
-69.18%
39 Wrapped BTC (BitGo) WBTC $ 73,314.53
$ 8.77B
$ 8.77 billion
+2.63%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.02%
41 Wrapped Binance Beacon ETH WBETH $ 2,452.04
$ 3.19B
$ 3.19 billion
+5.92%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.19%
43 USDC (Avalance) USDC $ 1.00
$ 721.56M
$ 721.56 million
+0.36%
44 Wrapped BTC (Wormhole) WBTC $ 73,034.59
$ 291.70M
$ 291.70 million
+1.84%
45 Binance Wrapped BTC BBTC $ 73,110.19
$ 212.02M
$ 212.02 million
+1.89%
46 Gate Wrapped BTC GTBTC $ 73,294.92
$ 168.55M
$ 168.55 million
+1.72%
47 TRON peg TRX $ 0.298
$ 88.96M
$ 88.96 million
+0.04%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,403.80
$ 75.51M
$ 75.51 million
+6.91%
49 Binance-Peg Bitcoin Cash Token BCH $ 472.07
$ 45.55M
$ 45.55 million
+1.73%
50 Wrapped BTC WBTC.E $ 73,033.10
$ 31.99M
$ 31.99 million
+1.90%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Rocket Pool ETH RETH $ 2,601.84
$ 933.76M
$ 933.76 million
+6.24%
Wrapped eETH weETH $ 2,444.86
$ 6.95B
$ 6.95 billion
+6.23%
Wrapped liquid staked Ether 2.0 wstETH $ 2,759.85
$ 8.81B
$ 8.81 billion
+6.06%
Lido Staked Ether stETH $ 2,243.09
$ 19.78B
$ 19.78 billion
+6.04%
Mantle Staked Ether METH $ 2,445.92
$ 520.78M
$ 520.78 million
+5.94%
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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