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 $ 1,977.68
$ 17.45B
$ 17.45 billion
-5.14%
2 Wrapped BTC WBTC $ 67,836.68
$ 9.32B
$ 9.32 billion
-4.47%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,429.83
$ 7.76B
$ 7.76 billion
-5.28%
5 Wrapped eETH weETH $ 2,155.66
$ 6.13B
$ 6.13 billion
-5.00%
6 Wrapped Ether WETH $ 1,976.13
$ 5.25B
$ 5.25 billion
-5.34%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 68,038.09
$ 2.99B
$ 2.99 billion
-4.44%
9 Bitcoin BEP2 BTCB $ 68,010.14
$ 2.86B
$ 2.86 billion
-4.45%
10 Jito Staked SOL JITOSOL $ 107.55
$ 1.21B
$ 1.21 billion
-4.71%
11 Wrapped BNB WBNB $ 628.49
$ 885.88M
$ 885.88 million
-3.35%
12 Rocket Pool ETH RETH $ 2,295.74
$ 823.91M
$ 823.91 million
-4.77%
13 Lombard Staked Bitcoin LBTC $ 68,665.02
$ 725.86M
$ 725.86 million
-3.83%
14 tBTC v2 TBTC $ 67,979.10
$ 401.96M
$ 401.96 million
-4.47%
15 Binance-Peg XRP Token XRP $ 1.36
$ 334.07M
$ 334.07 million
-3.79%
16 Marinade staked SOL MSOL $ 115.90
$ 293.30M
$ 293.30 million
-4.56%
17 Coinbase Wrapped Staked ETH CBETH $ 2,225.63
$ 279.83M
$ 279.83 million
-5.17%
18 Bitcoin Avalanche Bridged BTC.b $ 68,077.94
$ 261.71M
$ 261.71 million
-4.18%
19 Wrapped Solana SOL $ 84.80
$ 158.59M
$ 158.59 million
-5.04%
20 Wrapped AVAX WAVAX $ 8.96
$ 148.21M
$ 148.21 million
-4.78%
21 BybitSOL BBSOL $ 96.30
$ 114.30M
$ 114.30 million
-4.98%
22 Wrapped Centrifuge CFG $ 0.146
$ 84.07M
$ 84.07 million
-1.99%
23 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.92M
$ 28.92 million
-4.09%
24 Wrapped Matic WMATIC $ 0.0985
$ 14.02M
$ 14.02 million
-2.92%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.04%
26 Wrapped NCG WNCG $ 0.00532
$ 1.70M
$ 1.70 million
-1.03%

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

27 Binance Staked SOL BNSOL $ 93.41
$ 916.39M
$ 916.39 million
-5.01%
28 Mantle Staked Ether METH $ 2,146.09
$ 456.94M
$ 456.94 million
-5.65%
29 Solv BTC SOLVBTC $ 68,243.11
$ 440.12M
$ 440.12 million
-3.79%
30 Jupiter Staked SOL JUPSOL $ 99.96
$ 418.62M
$ 418.62 million
-4.31%
31 ckBTC ckBTC $ 68,488.65
$ 32.33M
$ 32.33 million
-5.66%
32 Wrapped NXM WNXM $ 51.52
$ 24.91M
$ 24.91 million
-2.85%
33 Wrapped TAO WTAO $ 182.03
$ 21.55M
$ 21.55 million
-2.92%
34 ckUSDC CKUSDC $ 0.998
$ 1.86M
$ 1.86 million
-1.07%
35 ckETH ckETH $ 1,994.50
$ 1.23M
$ 1.23 million
-5.11%
36 renBTC RENBTC $ 3,070.20
$ 934,872
$ 934,872
-3.04%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,939.64
$ 44.17T
$ 44.17 trillion
-1.10%
38 Wrapped DOGE WDOGE $ 0.103
$ 13.33B
$ 13.33 billion
+0.11%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.34%
40 Wrapped Binance Beacon ETH WBETH $ 2,157.90
$ 2.81B
$ 2.81 billion
-5.31%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.03%
42 USDC (Avalance) USDC $ 1.000
$ 721.29M
$ 721.29 million
+0.01%
43 Wrapped BTC (Wormhole) WBTC $ 67,922.29
$ 271.51M
$ 271.51 million
-4.34%
44 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 2.06
$ 218.96M
$ 218.96 million
+80.02%
45 Binance Wrapped BTC BBTC $ 68,154.81
$ 197.65M
$ 197.65 million
-4.14%
46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 2.14
$ 170.85M
$ 170.85 million
+86.47%
47 Gate Wrapped BTC GTBTC $ 68,264.59
$ 156.90M
$ 156.90 million
-4.58%
48 TRON peg TRX $ 0.286
$ 85.37M
$ 85.37 million
+0.81%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,106.93
$ 66.18M
$ 66.18 million
-4.96%
50 Binance-Peg Bitcoin Cash Token BCH $ 447.58
$ 43.19M
$ 43.19 million
-1.94%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.07%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.04%
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.02%
Wrapped NCG WNCG $ 0.00532
$ 1.70M
$ 1.70 million
-1.03%
Wrapped Centrifuge CFG $ 0.146
$ 84.07M
$ 84.07 million
-1.99%
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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