Wrapped coins

222 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 $ 2,106.57
$ 18.66B
$ 18.66 billion
-1.37%
2 Wrapped BTC WBTC $ 76,503.85
$ 10.51B
$ 10.51 billion
-0.42%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,606.65
$ 8.78B
$ 8.78 billion
-1.17%
4 Binance-Peg BSC-USD BSC-USD $ 0.961
$ 8.64B
$ 8.64 billion
-2.73%
5 Wrapped Ether WETH $ 2,105.71
$ 5.60B
$ 5.60 billion
-1.38%
6 Wrapped eETH weETH $ 2,315.21
$ 3.83B
$ 3.83 billion
-1.10%
7 Bitcoin BEP2 BTCB $ 74,476.47
$ 3.14B
$ 3.14 billion
-1.23%
8 Coinbase Wrapped BTC CBBTC $ 76,735.21
$ 3.09B
$ 3.09 billion
-0.39%
9 Wrapped BNB WBNB $ 625.54
$ 1.08B
$ 1.08 billion
-3.28%
10 Binance Staked SOL BNSOL $ 93.65
$ 931.56M
$ 931.56 million
-1.55%
11 Jito Staked SOL JITOSOL $ 107.63
$ 854.50M
$ 854.50 million
-1.55%
12 Rocket Pool ETH RETH $ 2,460.57
$ 820.11M
$ 820.11 million
-0.98%
13 Lombard Staked Bitcoin LBTC $ 76,957.53
$ 815.56M
$ 815.56 million
-0.50%
14 Mantle Staked Ether METH $ 2,298.73
$ 485.62M
$ 485.62 million
-1.62%
15 tBTC v2 TBTC $ 76,648.80
$ 377.80M
$ 377.80 million
-0.44%
16 Binance-Peg XRP Token XRP $ 1.31
$ 298.70M
$ 298.70 million
-5.74%
17 Bitcoin Avalanche Bridged BTC.b $ 76,811.22
$ 295.25M
$ 295.25 million
-0.35%
18 Coinbase Wrapped Staked ETH CBETH $ 2,382.14
$ 278.38M
$ 278.38 million
-1.36%
19 Marinade staked SOL MSOL $ 116.09
$ 269.18M
$ 269.18 million
-1.53%
20 Wrapped Centrifuge CFG $ 0.269
$ 155.14M
$ 155.14 million
-8.45%
21 Wrapped AVAX WAVAX $ 9.07
$ 146.37M
$ 146.37 million
-1.70%
22 Wrapped Solana SOL $ 84.12
$ 126.18M
$ 126.18 million
-1.50%
23 Wrapped Matic WMATIC $ 0.0890
$ 12.66M
$ 12.66 million
-1.80%
24 Axelar Wrapped USDC AXLUSDC $ 0.986
$ 2.39M
$ 2.39 million
-0.97%

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

25 Ethena Staked USDe sUSDe $ 3.59
$ 11.19B
$ 11.19 billion
-0.30%
26 Wrapped TRON WTRX $ 0.356
$ 1.41B
$ 1.41 billion
+26.39%
27 Solv BTC SOLVBTC $ 74,398.38
$ 470.92M
$ 470.92 million
-3.42%
28 Jupiter Staked SOL JUPSOL $ 99.94
$ 428.62M
$ 428.62 million
-1.57%
29 BybitSOL BBSOL $ 96.94
$ 111.69M
$ 111.69 million
-1.30%
30 Coinbase Wrapped XRP CBXRP $ 1.36
$ 100.17M
$ 100.17 million
-2.94%
31 Wrapped TAO WTAO $ 256.26
$ 27.80M
$ 27.80 million
-2.22%
32 Wrapped NXM WNXM $ 52.89
$ 22.79M
$ 22.79 million
-1.95%
33 ckBTC ckBTC $ 77,125.69
$ 14.82M
$ 14.82 million
-1.28%
34 renBTC RENBTC $ 17,265.48
$ 5.26M
$ 5.26 million
+5.32%
35 ckUSDC CKUSDC $ 0.993
$ 2.03M
$ 2.03 million
-2.45%
36 Wrapped NCG WNCG $ 0.00558
$ 1.79M
$ 1.79 million
-1.71%
37 ckETH ckETH $ 2,088.14
$ 1.29M
$ 1.29 million
-3.24%
38 ckOCT CKOCT $ 0.00513
$ 90.84T
$ 90.84 trillion
+102.91%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,419.41
$ 29.78T
$ 29.78 trillion
-5.71%
40 Wrapped BTC (BitGo) WBTC $ 76,561.35
$ 9.06B
$ 9.06 billion
-0.19%
41 USDC (BASE) USDC $ 0.997
$ 4.33B
$ 4.33 billion
-0.56%
42 Wrapped Binance Beacon ETH WBETH $ 2,309.21
$ 2.86B
$ 2.86 billion
-1.50%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.979
$ 1.26B
$ 1.26 billion
-2.10%
44 USDC (Avalance) USDC $ 0.999
$ 721.07M
$ 721.07 million
+0.53%
45 Wrapped BTC (Wormhole) WBTC $ 76,437.16
$ 230.07M
$ 230.07 million
-0.53%
46 Binance Wrapped BTC BBTC $ 76,747.79
$ 222.57M
$ 222.57 million
-0.46%
47 Gate Wrapped BTC GTBTC $ 77,068.41
$ 177.23M
$ 177.23 million
-0.33%
48 Wrapped Fantom WFTM $ 0.0499
$ 109.21M
$ 109.21 million
-2.87%
49 TRON peg TRX $ 0.355
$ 105.95M
$ 105.95 million
-0.10%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,266.34
$ 71.19M
$ 71.19 million
+12.05%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Bitcoin Avalanche Bridged BTC.b $ 76,811.22
$ 295.25M
$ 295.25 million
-0.35%
Coinbase Wrapped BTC CBBTC $ 76,735.21
$ 3.09B
$ 3.09 billion
-0.39%
Wrapped BTC WBTC $ 76,503.85
$ 10.51B
$ 10.51 billion
-0.42%
tBTC v2 TBTC $ 76,648.80
$ 377.80M
$ 377.80 million
-0.44%
Lombard Staked Bitcoin LBTC $ 76,957.53
$ 815.56M
$ 815.56 million
-0.50%
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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