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 $ 2,144.28
$ 18.89B
$ 18.89 billion
+0.76%
2 Wrapped BTC WBTC $ 70,374.45
$ 9.67B
$ 9.67 billion
+1.63%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,635.74
$ 8.41B
$ 8.41 billion
+0.60%
5 Wrapped eETH weETH $ 2,332.58
$ 6.63B
$ 6.63 billion
+0.75%
6 Wrapped Ether WETH $ 2,150.02
$ 5.70B
$ 5.70 billion
+0.68%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.14%
8 Coinbase Wrapped BTC CBBTC $ 70,510.00
$ 3.10B
$ 3.10 billion
+1.74%
9 Bitcoin BEP2 BTCB $ 70,498.61
$ 2.96B
$ 2.96 billion
+1.67%
10 Jito Staked SOL JITOSOL $ 113.14
$ 1.27B
$ 1.27 billion
+1.48%
11 Wrapped BNB WBNB $ 641.93
$ 904.12M
$ 904.12 million
+0.52%
12 Rocket Pool ETH RETH $ 2,486.05
$ 892.20M
$ 892.20 million
+0.53%
13 Binance Staked SOL BNSOL $ 98.61
$ 840.97M
$ 840.97 million
+1.45%
14 Lombard Staked Bitcoin LBTC $ 70,875.78
$ 751.86M
$ 751.86 million
+1.93%
15 tBTC v2 TBTC $ 70,369.58
$ 416.08M
$ 416.08 million
+1.61%
16 Jupiter Staked SOL JUPSOL $ 102.84
$ 374.41M
$ 374.41 million
+0.74%
17 Binance-Peg XRP Token XRP $ 1.44
$ 328.36M
$ 328.36 million
+0.10%
18 Coinbase Wrapped Staked ETH CBETH $ 2,415.83
$ 289.91M
$ 289.91 million
+0.62%
19 Bitcoin Avalanche Bridged BTC.b $ 70,422.84
$ 270.64M
$ 270.64 million
+1.68%
20 Marinade staked SOL MSOL $ 121.87
$ 253.98M
$ 253.98 million
+2.55%
21 Wrapped Solana SOL $ 89.40
$ 167.09M
$ 167.09 million
+1.89%
22 Wrapped AVAX WAVAX $ 9.53
$ 134.15M
$ 134.15 million
+0.81%
23 BybitSOL BBSOL $ 101.97
$ 111.23M
$ 111.23 million
+1.34%
24 Wrapped Centrifuge CFG $ 0.150
$ 86.65M
$ 86.65 million
+1.40%
25 Coinbase Wrapped XRP CBXRP $ 1.45
$ 30.77M
$ 30.77 million
+0.60%
26 Wrapped Matic WMATIC $ 0.0982
$ 13.96M
$ 13.96 million
+3.48%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.02%
28 Wrapped NCG WNCG $ 0.00529
$ 1.69M
$ 1.69 million
-0.46%

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

29 Mantle Staked Ether METH $ 2,331.92
$ 496.23M
$ 496.23 million
+0.67%
30 Solv BTC SOLVBTC $ 70,544.02
$ 463.52M
$ 463.52 million
+1.76%
31 Wrapped TAO WTAO $ 280.39
$ 33.20M
$ 33.20 million
+13.95%
32 ckBTC ckBTC $ 70,160.14
$ 33.12M
$ 33.12 million
+1.31%
33 Wrapped NXM WNXM $ 56.26
$ 27.21M
$ 27.21 million
+1.88%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.27%
35 renBTC RENBTC $ 4,363.20
$ 1.33M
$ 1.33 million
+1.34%
36 ckETH ckETH $ 2,127.48
$ 1.32M
$ 1.32 million
-0.19%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,876.00
$ 43.60T
$ 43.60 trillion
-0.33%
38 Wrapped BTC (BitGo) WBTC $ 70,405.23
$ 8.43B
$ 8.43 billion
+1.03%
39 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+2.90%
40 Wrapped Binance Beacon ETH WBETH $ 2,345.51
$ 3.05B
$ 3.05 billion
+0.72%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.04%
42 USDC (Avalance) USDC $ 0.999
$ 721.38M
$ 721.38 million
+0.01%
43 Wrapped BTC (Wormhole) WBTC $ 70,319.01
$ 260.34M
$ 260.34 million
+3.28%
44 Binance Wrapped BTC BBTC $ 70,432.52
$ 204.25M
$ 204.25 million
+1.13%
45 Gate Wrapped BTC GTBTC $ 70,732.42
$ 162.66M
$ 162.66 million
+1.76%
46 Wrapped Fantom WFTM $ 0.0489
$ 106.84M
$ 106.84 million
+1.77%
47 TRON peg TRX $ 0.306
$ 91.47M
$ 91.47 million
+1.73%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,284.97
$ 71.77M
$ 71.77 million
-1.19%
49 Binance-Peg Bitcoin Cash Token BCH $ 463.96
$ 44.77M
$ 44.77 million
+1.65%
50 Wrapped BTC WBTC.E $ 70,176.45
$ 30.74M
$ 30.74 million
+1.35%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0982
$ 13.96M
$ 13.96 million
+3.48%
Marinade staked SOL MSOL $ 121.87
$ 253.98M
$ 253.98 million
+2.55%
Lombard Staked Bitcoin LBTC $ 70,875.78
$ 751.86M
$ 751.86 million
+1.93%
Wrapped Solana SOL $ 89.40
$ 167.09M
$ 167.09 million
+1.89%
Coinbase Wrapped BTC CBBTC $ 70,510.00
$ 3.10B
$ 3.10 billion
+1.74%
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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