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 $ 1,958.12
$ 17.28B
$ 17.28 billion
+1.87%
2 Wrapped BTC WBTC $ 66,599.69
$ 9.15B
$ 9.15 billion
+1.76%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,401.78
$ 7.67B
$ 7.67 billion
+1.80%
5 Wrapped eETH weETH $ 2,129.32
$ 6.06B
$ 6.06 billion
+1.72%
6 Wrapped Ether WETH $ 1,962.20
$ 5.22B
$ 5.22 billion
+1.98%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 66,774.02
$ 2.93B
$ 2.93 billion
+1.75%
9 Bitcoin BEP2 BTCB $ 66,741.29
$ 2.60B
$ 2.60 billion
+1.73%
10 Jito Staked SOL JITOSOL $ 106.69
$ 1.20B
$ 1.20 billion
+3.88%
11 Wrapped BNB WBNB $ 616.83
$ 868.86M
$ 868.86 million
+0.97%
12 Rocket Pool ETH RETH $ 2,267.67
$ 813.83M
$ 813.83 million
+1.72%
13 Lombard Staked Bitcoin LBTC $ 66,539.29
$ 703.41M
$ 703.41 million
+1.02%
14 Solv BTC SOLVBTC $ 66,596.66
$ 423.68M
$ 423.68 million
+1.65%
15 tBTC v2 TBTC $ 66,550.98
$ 393.51M
$ 393.51 million
+1.40%
16 Binance-Peg XRP Token XRP $ 1.38
$ 337.34M
$ 337.34 million
+1.55%
17 Marinade staked SOL MSOL $ 114.92
$ 290.82M
$ 290.82 million
+3.87%
18 Coinbase Wrapped Staked ETH CBETH $ 2,198.76
$ 276.37M
$ 276.37 million
+1.84%
19 Wrapped Solana SOL $ 84.69
$ 158.07M
$ 158.07 million
+3.95%
20 Wrapped AVAX WAVAX $ 9.15
$ 151.25M
$ 151.25 million
+2.55%
21 BybitSOL BBSOL $ 96.38
$ 112.24M
$ 112.24 million
+4.16%
22 Wrapped Centrifuge CFG $ 0.107
$ 61.58M
$ 61.58 million
-8.38%
23 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.27M
$ 29.27 million
+1.48%
24 Wrapped Matic WMATIC $ 0.108
$ 15.34M
$ 15.34 million
-0.38%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.03%

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

26 Wrapped TRON WTRX $ 0.282
$ 3.61B
$ 3.61 billion
-0.26%
27 Binance Staked SOL BNSOL $ 93.09
$ 912.19M
$ 912.19 million
+3.82%
28 Mantle Staked Ether METH $ 2,135.43
$ 454.67M
$ 454.67 million
+2.22%
29 Jupiter Staked SOL JUPSOL $ 98.82
$ 413.94M
$ 413.94 million
+3.72%
30 Bitcoin Avalanche Bridged BTC.b $ 66,734.86
$ 256.25M
$ 256.25 million
+1.76%
31 ckBTC ckBTC $ 67,886.48
$ 32.00M
$ 32.00 million
+3.21%
32 Wrapped NXM WNXM $ 49.50
$ 23.87M
$ 23.87 million
+0.47%
33 Wrapped TAO WTAO $ 180.59
$ 21.38M
$ 21.38 million
+2.30%
34 ckUSDC CKUSDC $ 1.07
$ 1.99M
$ 1.99 million
+6.86%
35 Wrapped NCG WNCG $ 0.00536
$ 1.72M
$ 1.72 million
-0.93%
36 ckETH ckETH $ 1,983.78
$ 1.22M
$ 1.22 million
+2.44%
37 renBTC RENBTC $ 3,099.99
$ 943,941
$ 943,941
+2.70%
38 ckOCT CKOCT $ 0.00526
$ 93.22T
$ 93.22 trillion
-5.64%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,061.92
$ 45.26T
$ 45.26 trillion
-1.54%
40 Wrapped DOGE WDOGE $ 0.110
$ 14.26B
$ 14.26 billion
+3.39%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.11%
42 Wrapped Binance Beacon ETH WBETH $ 2,139.81
$ 2.78B
$ 2.78 billion
+1.87%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.11%
44 USDC (Avalance) USDC $ 0.999
$ 720.82M
$ 720.82 million
-0.18%
45 Wrapped BTC (Wormhole) WBTC $ 66,515.45
$ 265.78M
$ 265.78 million
+1.60%
46 Binance Wrapped BTC BBTC $ 66,459.05
$ 192.73M
$ 192.73 million
+1.41%
47 Gate Wrapped BTC GTBTC $ 66,986.96
$ 153.94M
$ 153.94 million
+1.84%
48 TRON peg TRX $ 0.281
$ 84.01M
$ 84.01 million
-0.53%
49 Binance-Peg Bitcoin Cash Token BCH $ 454.18
$ 43.83M
$ 43.83 million
-1.85%
50 Wrapped BTC WBTC.E $ 66,430.32
$ 29.10M
$ 29.10 million
+1.90%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
BybitSOL BBSOL $ 96.38
$ 112.24M
$ 112.24 million
+4.16%
Wrapped Solana SOL $ 84.69
$ 158.07M
$ 158.07 million
+3.95%
Jito Staked SOL JITOSOL $ 106.69
$ 1.20B
$ 1.20 billion
+3.88%
Marinade staked SOL MSOL $ 114.92
$ 290.82M
$ 290.82 million
+3.87%
Wrapped AVAX WAVAX $ 9.15
$ 151.25M
$ 151.25 million
+2.55%
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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