Wrapped coins

216 coins #19

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 $ 2,232.95
$ 20.84B
$ 20.84 billion
-2.41%
2 Wrapped BTC WBTC $ 75,323.04
$ 10.35B
$ 10.35 billion
-1.10%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,753.52
$ 9.32B
$ 9.32 billion
-2.61%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.15%
5 Wrapped Ether WETH $ 2,231.76
$ 5.94B
$ 5.94 billion
-2.92%
6 Wrapped eETH weETH $ 2,438.19
$ 5.00B
$ 5.00 billion
-2.62%
7 Bitcoin BEP2 BTCB $ 75,622.17
$ 3.18B
$ 3.18 billion
-0.96%
8 Coinbase Wrapped BTC CBBTC $ 75,571.54
$ 2.80B
$ 2.80 billion
-1.03%
9 Wrapped BNB WBNB $ 614.94
$ 1.06B
$ 1.06 billion
-1.43%
10 Rocket Pool ETH RETH $ 2,596.11
$ 871.16M
$ 871.16 million
-2.69%
11 Jito Staked SOL JITOSOL $ 105.08
$ 857.97M
$ 857.97 million
-1.76%
12 Lombard Staked Bitcoin LBTC $ 75,742.40
$ 803.68M
$ 803.68 million
-1.03%
13 Mantle Staked Ether METH $ 2,436.86
$ 613.13M
$ 613.13 million
-2.77%
14 Solv BTC SOLVBTC $ 75,501.46
$ 476.61M
$ 476.61 million
-1.01%
15 tBTC v2 TBTC $ 75,419.31
$ 400.68M
$ 400.68 million
-1.08%
16 Binance-Peg XRP Token XRP $ 1.36
$ 309.73M
$ 309.73 million
-1.96%
17 Coinbase Wrapped Staked ETH CBETH $ 2,516.83
$ 293.70M
$ 293.70 million
-2.87%
18 Bitcoin Avalanche Bridged BTC.b $ 75,452.31
$ 290.02M
$ 290.02 million
-1.11%
19 Marinade staked SOL MSOL $ 112.46
$ 261.66M
$ 261.66 million
-2.34%
20 Wrapped AVAX WAVAX $ 9.05
$ 150.52M
$ 150.52 million
-1.49%
21 Wrapped Solana SOL $ 82.51
$ 123.77M
$ 123.77 million
-1.68%
22 Wrapped Centrifuge CFG $ 0.203
$ 117.20M
$ 117.20 million
-3.29%
23 Wrapped NXM WNXM $ 53.87
$ 24.78M
$ 24.78 million
-0.10%
24 Wrapped Matic WMATIC $ 0.0917
$ 13.04M
$ 13.04 million
-0.23%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.04%
26 Wrapped NCG WNCG $ 0.00575
$ 1.84M
$ 1.84 million
+6.32%

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

27 Ethena Staked USDe sUSDe $ 2.14
$ 6.67B
$ 6.67 billion
-0.05%
28 Binance Staked SOL BNSOL $ 91.36
$ 850.91M
$ 850.91 million
-1.86%
29 Jupiter Staked SOL JUPSOL $ 97.54
$ 417.22M
$ 417.22 million
-1.79%
30 BybitSOL BBSOL $ 94.40
$ 95.21M
$ 95.21 million
-1.87%
31 Coinbase Wrapped XRP CBXRP $ 1.36
$ 87.07M
$ 87.07 million
-2.08%
32 Wrapped TAO WTAO $ 250.37
$ 27.69M
$ 27.69 million
-2.82%
33 ckBTC ckBTC $ 74,416.22
$ 21.60M
$ 21.60 million
-4.19%
34 renBTC RENBTC $ 16,240.52
$ 4.95M
$ 4.95 million
-3.35%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.12%
36 ckETH ckETH $ 2,215.81
$ 1.37M
$ 1.37 million
-4.62%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,369.58
$ 29.44T
$ 29.44 trillion
-3.76%
38 Wrapped DOGE WDOGE $ 0.101
$ 13.10B
$ 13.10 billion
-8.94%
39 Wrapped BTC (BitGo) WBTC $ 75,184.76
$ 9.00B
$ 9.00 billion
-0.91%
40 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-85.23%
41 Wrapped Binance Beacon ETH WBETH $ 2,444.44
$ 3.17B
$ 3.17 billion
-2.97%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.14%
43 USDC (Avalance) USDC $ 1.00
$ 722.21M
$ 722.21 million
+0.44%
44 Wrapped BTC (Wormhole) WBTC $ 75,431.22
$ 239.38M
$ 239.38 million
-1.00%
45 Binance Wrapped BTC BBTC $ 75,437.97
$ 218.77M
$ 218.77 million
-1.15%
46 Gate Wrapped BTC GTBTC $ 75,805.95
$ 174.32M
$ 174.32 million
-1.07%
47 Wrapped Fantom WFTM $ 0.0465
$ 101.64M
$ 101.64 million
-1.02%
48 TRON peg TRX $ 0.321
$ 95.95M
$ 95.95 million
-0.37%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,186.80
$ 68.69M
$ 68.69 million
+1.78%
50 Binance-Peg Bitcoin Cash Token BCH $ 447.19
$ 43.15M
$ 43.15 million
-0.68%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00575
$ 1.84M
$ 1.84 million
+6.32%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.15%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.04%
Wrapped NXM WNXM $ 53.87
$ 24.78M
$ 24.78 million
-0.10%
Wrapped Matic WMATIC $ 0.0917
$ 13.04M
$ 13.04 million
-0.23%
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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