Wrapped coins

0 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 $ 2,334.68
$ 20.59B
$ 20.59 billion
+3.40%
2 Wrapped BTC WBTC $ 78,336.76
$ 10.77B
$ 10.77 billion
+2.89%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,875.25
$ 9.18B
$ 9.18 billion
+4.07%
4 Wrapped eETH weETH $ 2,537.02
$ 7.22B
$ 7.22 billion
+3.41%
5 Wrapped Ether WETH $ 2,330.50
$ 6.20B
$ 6.20 billion
+3.16%
6 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
-1.31%
7 Coinbase Wrapped BTC CBBTC $ 78,518.65
$ 3.45B
$ 3.45 billion
+2.88%
8 Jito Staked SOL JITOSOL $ 131.20
$ 1.47B
$ 1.47 billion
+3.62%
9 Binance Staked SOL BNSOL $ 113.78
$ 1.12B
$ 1.12 billion
+2.36%
10 Wrapped BNB WBNB $ 773.83
$ 1.09B
$ 1.09 billion
+1.97%
11 Lombard Staked Bitcoin LBTC $ 78,654.58
$ 831.87M
$ 831.87 million
+3.79%
12 tBTC v2 TBTC $ 77,659.51
$ 459.19M
$ 459.19 million
+1.79%
13 Marinade staked SOL MSOL $ 141.20
$ 357.34M
$ 357.34 million
+3.55%
14 Wrapped Solana SOL $ 104.09
$ 194.55M
$ 194.55 million
+3.03%
15 BybitSOL BBSOL $ 117.68
$ 176.58M
$ 176.58 million
+2.70%
16 Wrapped AVAX WAVAX $ 10.16
$ 168.04M
$ 168.04 million
+2.71%
17 Wrapped Centrifuge CFG $ 0.0904
$ 51.92M
$ 51.92 million
+3.12%
18 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.04%
19 Wrapped NCG WNCG $ 0.00696
$ 2.23M
$ 2.23 million
+4.71%

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

20 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.01%
21 Wrapped TRON WTRX $ 0.283
$ 3.63B
$ 3.63 billion
+0.29%
22 Bitcoin BEP2 BTCB $ 78,371.38
$ 3.06B
$ 3.06 billion
+2.52%
23 Rocket Pool ETH RETH $ 2,692.56
$ 966.32M
$ 966.32 million
+3.96%
24 Mantle Staked Ether METH $ 2,517.63
$ 536.05M
$ 536.05 million
+7.10%
25 Jupiter Staked SOL JUPSOL $ 121.41
$ 508.48M
$ 508.48 million
+4.10%
26 Solv BTC SOLVBTC $ 53,182.62
$ 429.86M
$ 429.86 million
-26.83%
27 Coinbase Wrapped Staked ETH CBETH $ 2,619.32
$ 329.33M
$ 329.33 million
+3.53%
28 Bitcoin Avalanche Bridged BTC.b $ 78,406.56
$ 301.39M
$ 301.39 million
+2.94%
29 ckBTC ckBTC $ 78,494.93
$ 37.05M
$ 37.05 million
+3.01%
30 Coinbase Wrapped XRP CBXRP $ 1.62
$ 34.39M
$ 34.39 million
+2.19%
31 Wrapped NXM WNXM $ 57.62
$ 27.86M
$ 27.86 million
-1.01%
32 Wrapped TAO WTAO $ 208.67
$ 24.71M
$ 24.71 million
+10.81%
33 Wrapped Matic WMATIC $ 0.113
$ 16.01M
$ 16.01 million
+8.22%
34 ckUSDC CKUSDC $ 0.996
$ 1.85M
$ 1.85 million
-0.89%
35 ckETH ckETH $ 2,340.85
$ 1.45M
$ 1.45 million
+4.85%
36 renBTC RENBTC $ 3,594.96
$ 1.09M
$ 1.09 million
+3.60%
37 ckOCT CKOCT $ 0.0155
$ 274.47T
$ 274.47 trillion
-14.28%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,610.74
$ 41.23T
$ 41.23 trillion
-2.21%
39 Wrapped DOGE WDOGE $ 0.127
$ 16.44B
$ 16.44 billion
+9.31%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.56%
41 Wrapped Binance Beacon ETH WBETH $ 2,543.57
$ 3.31B
$ 3.31 billion
+3.56%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.02%
43 USDC (Avalance) USDC $ 1.00
$ 722.32M
$ 722.32 million
+0.25%
44 Wrapped BTC (Wormhole) WBTC $ 78,368.51
$ 313.27M
$ 313.27 million
+3.40%
45 Binance Wrapped BTC BBTC $ 78,465.61
$ 227.55M
$ 227.55 million
+3.89%
46 Gate Wrapped BTC GTBTC $ 78,802.13
$ 181.21M
$ 181.21 million
+2.84%
47 Umbrella Stake Wrapped Aave Ethereum WETH v1 stkwaEthWETH.v1 $ 3,077.90
$ 99.30M
$ 99.30 million
+0.00%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,491.68
$ 78.27M
$ 78.27 million
+7.53%
49 Wrapped DAG WDAG $ 0.0157
$ 58.44M
$ 58.44 million
+18.47%
50 Wrapped BTC WBTC.E $ 78,546.66
$ 34.40M
$ 34.40 million
+3.22%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00696
$ 2.23M
$ 2.23 million
+4.71%
Wrapped liquid staked Ether 2.0 wstETH $ 2,875.25
$ 9.18B
$ 9.18 billion
+4.07%
Lombard Staked Bitcoin LBTC $ 78,654.58
$ 831.87M
$ 831.87 million
+3.79%
Jito Staked SOL JITOSOL $ 131.20
$ 1.47B
$ 1.47 billion
+3.62%
Marinade staked SOL MSOL $ 141.20
$ 357.34M
$ 357.34 million
+3.55%
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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