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 $ 1,932.85
$ 17.05B
$ 17.05 billion
-1.39%
2 Wrapped BTC WBTC $ 65,487.31
$ 9.00B
$ 9.00 billion
-1.88%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.00%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,374.88
$ 7.58B
$ 7.58 billion
-1.32%
5 Wrapped eETH weETH $ 2,104.50
$ 5.99B
$ 5.99 billion
-1.60%
6 Wrapped Ether WETH $ 1,935.02
$ 5.15B
$ 5.15 billion
-1.30%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.06%
8 Coinbase Wrapped BTC CBBTC $ 65,663.53
$ 2.89B
$ 2.89 billion
-1.89%
9 Bitcoin BEP2 BTCB $ 65,645.02
$ 2.56B
$ 2.56 billion
-1.92%
10 Jito Staked SOL JITOSOL $ 105.55
$ 1.19B
$ 1.19 billion
-0.86%
11 Wrapped BNB WBNB $ 619.36
$ 873.04M
$ 873.04 million
+0.48%
12 Rocket Pool ETH RETH $ 2,237.13
$ 804.61M
$ 804.61 million
-1.45%
13 Lombard Staked Bitcoin LBTC $ 65,882.88
$ 696.47M
$ 696.47 million
-1.76%
14 Mantle Staked Ether METH $ 2,117.39
$ 450.83M
$ 450.83 million
-0.50%
15 Solv BTC SOLVBTC $ 65,513.41
$ 416.81M
$ 416.81 million
-2.13%
16 tBTC v2 TBTC $ 65,813.55
$ 389.19M
$ 389.19 million
-1.47%
17 Binance-Peg XRP Token XRP $ 1.35
$ 331.50M
$ 331.50 million
-2.28%
18 Marinade staked SOL MSOL $ 113.75
$ 287.86M
$ 287.86 million
-1.13%
19 Coinbase Wrapped Staked ETH CBETH $ 2,173.85
$ 273.43M
$ 273.43 million
-1.27%
20 Wrapped Solana SOL $ 83.49
$ 156.04M
$ 156.04 million
-0.86%
21 Wrapped AVAX WAVAX $ 9.02
$ 149.19M
$ 149.19 million
-1.42%
22 BybitSOL BBSOL $ 94.96
$ 112.52M
$ 112.52 million
-0.92%
23 Wrapped Centrifuge CFG $ 0.140
$ 80.40M
$ 80.40 million
+29.80%
24 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.80M
$ 28.80 million
-1.99%
25 Wrapped TAO WTAO $ 177.57
$ 21.03M
$ 21.03 million
-3.08%
26 Wrapped Matic WMATIC $ 0.105
$ 14.91M
$ 14.91 million
-3.91%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.05%

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

28 Wrapped TRON WTRX $ 0.281
$ 3.59B
$ 3.59 billion
-0.44%
29 Binance Staked SOL BNSOL $ 91.89
$ 901.47M
$ 901.47 million
-0.69%
30 Jupiter Staked SOL JUPSOL $ 97.90
$ 410.02M
$ 410.02 million
-0.96%
31 Bitcoin Avalanche Bridged BTC.b $ 65,659.41
$ 252.39M
$ 252.39 million
-1.97%
32 ckBTC ckBTC $ 66,003.08
$ 31.15M
$ 31.15 million
-2.70%
33 Wrapped NXM WNXM $ 49.73
$ 24.05M
$ 24.05 million
-0.10%
34 ckUSDC CKUSDC $ 0.994
$ 1.85M
$ 1.85 million
-7.17%
35 Wrapped NCG WNCG $ 0.00545
$ 1.75M
$ 1.75 million
+1.79%
36 ckETH ckETH $ 1,954.75
$ 1.21M
$ 1.21 million
-1.70%
37 renBTC RENBTC $ 3,054.79
$ 930,179
$ 930,179
-1.83%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,224.62
$ 46.71T
$ 46.71 trillion
+3.97%
39 Wrapped DOGE WDOGE $ 0.104
$ 13.46B
$ 13.46 billion
-5.78%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.02%
41 Wrapped Binance Beacon ETH WBETH $ 2,109.34
$ 2.75B
$ 2.75 billion
-1.30%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.06%
43 USDC (Avalance) USDC $ 0.999
$ 720.57M
$ 720.57 million
+0.06%
44 Wrapped BTC (Wormhole) WBTC $ 65,562.89
$ 262.08M
$ 262.08 million
-1.83%
45 Binance Wrapped BTC BBTC $ 65,669.48
$ 190.90M
$ 190.90 million
-1.85%
46 Gate Wrapped BTC GTBTC $ 66,115.33
$ 152.04M
$ 152.04 million
-1.61%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
48 TRON peg TRX $ 0.281
$ 83.87M
$ 83.87 million
-0.18%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,084.38
$ 65.47M
$ 65.47 million
+5.78%
50 Binance-Peg Bitcoin Cash Token BCH $ 441.70
$ 42.62M
$ 42.62 million
-4.36%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.140
$ 80.40M
$ 80.40 million
+29.80%
Wrapped BNB WBNB $ 619.36
$ 873.04M
$ 873.04 million
+0.48%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.06%
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
-0.05%
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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