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 $ 3,192.11
$ 28.15B
$ 28.15 billion
-0.20%
2 Wrapped BTC WBTC $ 92,550.28
$ 12.71B
$ 12.71 billion
+0.45%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,912.41
$ 12.49B
$ 12.49 billion
-0.19%
4 Wrapped eETH weETH $ 3,462.15
$ 9.85B
$ 9.85 billion
-0.68%
5 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.41%
6 Wrapped Ether WETH $ 3,193.83
$ 8.49B
$ 8.49 billion
-0.22%
7 Coinbase Wrapped BTC CBBTC $ 92,665.61
$ 3.89B
$ 3.89 billion
+0.34%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.87%
9 Bitcoin BEP2 BTCB $ 92,799.92
$ 3.63B
$ 3.63 billion
+0.23%
10 Jito Staked SOL JITOSOL $ 167.97
$ 1.92B
$ 1.92 billion
+0.05%
11 Rocket Pool ETH RETH $ 3,689.11
$ 1.32B
$ 1.32 billion
-0.18%
12 Wrapped BNB WBNB $ 931.57
$ 1.31B
$ 1.31 billion
+1.46%
13 Lombard Staked Bitcoin LBTC $ 92,810.20
$ 981.54M
$ 981.54 million
+0.17%
14 tBTC v2 TBTC $ 92,621.65
$ 547.66M
$ 547.66 million
-0.01%
15 Binance-Peg XRP Token XRP $ 1.98
$ 485.57M
$ 485.57 million
+1.15%
16 Marinade staked SOL MSOL $ 181.20
$ 458.57M
$ 458.57 million
+0.12%
17 Coinbase Wrapped Staked ETH CBETH $ 3,575.53
$ 449.55M
$ 449.55 million
-0.15%
18 Bitcoin Avalanche Bridged BTC.b $ 92,707.12
$ 355.91M
$ 355.91 million
+0.46%
19 BybitSOL BBSOL $ 151.04
$ 240.59M
$ 240.59 million
+0.02%
20 Wrapped AVAX WAVAX $ 12.72
$ 210.44M
$ 210.44 million
+0.94%
21 Wrapped Centrifuge CFG $ 0.126
$ 72.13M
$ 72.13 million
-0.48%
22 Wrapped Matic WMATIC $ 0.136
$ 19.39M
$ 19.39 million
+1.56%
23 Wrapped NCG WNCG $ 0.00816
$ 2.61M
$ 2.61 million
-1.11%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
-0.22%

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

25 Wrapped TRON WTRX $ 0.311
$ 3.99B
$ 3.99 billion
-2.11%
26 Binance Staked SOL BNSOL $ 146.67
$ 1.40B
$ 1.40 billion
+0.15%
27 Mantle Staked Ether METH $ 3,463.57
$ 737.46M
$ 737.46 million
-0.71%
28 Jupiter Staked SOL JUPSOL $ 155.82
$ 634.98M
$ 634.98 million
+0.18%
29 ckBTC ckBTC $ 92,846.86
$ 43.82M
$ 43.82 million
+0.58%
30 Coinbase Wrapped XRP CBXRP $ 1.99
$ 42.39M
$ 42.39 million
+2.18%
31 Wrapped NXM WNXM $ 77.95
$ 37.69M
$ 37.69 million
+0.31%
32 Wrapped TAO WTAO $ 253.87
$ 30.06M
$ 30.06 million
+1.61%
33 ckETH ckETH $ 3,167.49
$ 1.96M
$ 1.96 million
+0.18%
34 ckUSDC CKUSDC $ 0.997
$ 1.84M
$ 1.84 million
+0.62%
35 renBTC RENBTC $ 4,761.70
$ 1.45M
$ 1.45 million
-0.16%
36 ckOCT CKOCT $ 0.0408
$ 721.97T
$ 721.97 trillion
-0.94%
37 Wrapped DOGE WDOGE $ 0.153
$ 19.74B
$ 19.74 billion
+2.14%
38 Wrapped Binance Beacon ETH WBETH $ 3,478.88
$ 4.87B
$ 4.87 billion
-0.04%
39 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
+0.02%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.30%
41 USDC (Avalance) USDC $ 1.00
$ 721.52M
$ 721.52 million
+0.05%
42 Wrapped BTC (Wormhole) WBTC $ 92,514.44
$ 369.81M
$ 369.81 million
+0.28%
43 Binance Wrapped BTC BBTC $ 92,485.24
$ 268.21M
$ 268.21 million
-0.17%
44 Gate Wrapped BTC GTBTC $ 92,973.17
$ 213.79M
$ 213.79 million
+0.38%
45 Kelp DAO Wrapped rsETH WRSETH $ 3,371.68
$ 105.91M
$ 105.91 million
-0.88%
46 TRON peg TRX $ 0.311
$ 92.95M
$ 92.95 million
-1.86%
47 Binance-Peg Bitcoin Cash Token BCH $ 585.11
$ 56.46M
$ 56.46 million
-0.31%
48 Wrapped DAG WDAG $ 0.0123
$ 45.52M
$ 45.52 million
+0.06%
49 ETH by Sui Bridge ETH $ 3,197.07
$ 42.30M
$ 42.30 million
-0.41%
50 Wrapped BTC WBTC.E $ 92,663.20
$ 40.59M
$ 40.59 million
+0.22%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.136
$ 19.39M
$ 19.39 million
+1.56%
Wrapped BNB WBNB $ 931.57
$ 1.31B
$ 1.31 billion
+1.46%
Binance-Peg XRP Token XRP $ 1.98
$ 485.57M
$ 485.57 million
+1.15%
Wrapped AVAX WAVAX $ 12.72
$ 210.44M
$ 210.44 million
+0.94%
Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.87%
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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