Wrapped coins

189 coins #20

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 ckOCT CKOCT $ 0.0217
$ 384.35T
$ 384.35 trillion
-13.06%
2 Wrapped DOGE WDOGE $ 0.134
$ 17.35B
$ 17.35 billion
+0.87%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,643.09
$ 12.17B
$ 12.17 billion
+0.18%
4 Wrapped BTC WBTC $ 88,078.09
$ 12.11B
$ 12.11 billion
+0.31%
5 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.57%
6 Wrapped eETH weETH $ 3,230.32
$ 8.81B
$ 8.81 billion
+0.16%
7 Wrapped Ether WETH $ 2,978.22
$ 7.89B
$ 7.89 billion
+0.10%
8 Wrapped Binance Beacon ETH WBETH $ 3,238.12
$ 4.54B
$ 4.54 billion
+0.18%
9 USDC (BASE) USDC $ 1.00
$ 4.41B
$ 4.41 billion
+0.06%
10 Coinbase Wrapped BTC CBBTC $ 88,324.59
$ 3.71B
$ 3.71 billion
+0.32%
11 Wrapped TRON WTRX $ 0.282
$ 3.61B
$ 3.61 billion
+0.57%
12 Bitcoin BEP2 BTCB $ 88,231.47
$ 3.46B
$ 3.46 billion
-0.02%
13 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.38%
14 Wrapped BNB WBNB $ 852.88
$ 1.15B
$ 1.15 billion
-0.05%
15 USDC (Avalance) USDC $ 1.00
$ 723.10M
$ 723.10 million
+0.31%
16 tBTC v2 TBTC $ 88,099.11
$ 537.08M
$ 537.08 million
+0.26%
17 Wrapped BTC (Wormhole) WBTC $ 87,995.13
$ 350.94M
$ 350.94 million
+0.26%
18 Binance Wrapped BTC BBTC $ 88,098.82
$ 255.49M
$ 255.49 million
+0.06%
19 Wrapped AVAX WAVAX $ 12.24
$ 216.51M
$ 216.51 million
+0.01%
20 Gate Wrapped BTC GTBTC $ 88,707.95
$ 204.37M
$ 204.37 million
+0.71%
21 Kelp DAO Wrapped rsETH WRSETH $ 3,151.66
$ 99.00M
$ 99.00 million
-0.15%
22 TRON peg TRX $ 0.281
$ 84.06M
$ 84.06 million
+0.62%
23 Wrapped Centrifuge CFG $ 0.128
$ 73.35M
$ 73.35 million
-1.07%
24 Binance-Peg Bitcoin Cash Token BCH $ 593.33
$ 57.26M
$ 57.26 million
-3.92%
25 ETH by Sui Bridge ETH $ 2,984.13
$ 43.20M
$ 43.20 million
+0.45%
26 ckBTC ckBTC $ 87,239.44
$ 41.18M
$ 41.18 million
-1.58%
27 Wrapped BTC WBTC.E $ 88,293.22
$ 38.65M
$ 38.65 million
+0.75%
28 Coinbase Wrapped XRP CBXRP $ 1.93
$ 37.78M
$ 37.78 million
+1.65%
29 Wrapped NXM WNXM $ 73.30
$ 35.88M
$ 35.88 million
+2.00%
30 Wrapped XRP WXRP $ 1.94
$ 34.82M
$ 34.82 million
+0.56%
31 DETH DETH $ 2,995.77
$ 27.82M
$ 27.82 million
+0.11%
32 Wrapped TAO WTAO $ 226.02
$ 25.58M
$ 25.58 million
-1.57%
33 Wrapped Axelar WAXL $ 0.0881
$ 20.78M
$ 20.78 million
-1.95%
34 Wrapped Matic WMATIC $ 0.110
$ 15.68M
$ 15.68 million
+1.35%
35 Wrapped QUIL wQUIL $ 0.0146
$ 13.15M
$ 13.15 million
+1.29%
36 Wrapped FRAX WFRAX $ 0.633
$ 11.70M
$ 11.70 million
-0.23%
37 iShares Gold Trust (Ondo Tokenized) IAUon $ 81.60
$ 9.78M
$ 9.78 million
-0.24%
38 Tesla tokenized stock (xStock) TSLAX $ 482.98
$ 5.31M
$ 5.31 million
+0.06%
39 Wrapped WDOGE WWDOGE $ 0.163
$ 4.52M
$ 4.52 million
-0.76%
40 Wrapped Cardano WADA $ 0.373
$ 4.47M
$ 4.47 million
-0.47%
41 Solana (Universal) USOL $ 125.82
$ 3.83M
$ 3.83 million
+0.14%
42 SPUSD SPUSD $ 1.01
$ 3.64M
$ 3.64 million
+0.28%
43 XRP (Universal) UXRP $ 1.93
$ 3.53M
$ 3.53 million
+1.73%
44 ckUSDT CKUSDT $ 0.992
$ 3.45M
$ 3.45 million
+0.14%
45 OKX Wrapped BTC XBTC $ 88,354.07
$ 3.45M
$ 3.45 million
+0.40%
46 Coinbase Wrapped DOGE CBDOGE $ 0.132
$ 3.34M
$ 3.34 million
+0.10%
47 Bridged USDT (Sonic Labs) USDT $ 1.000
$ 2.71M
$ 2.71 million
-0.00%
48 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.56M
$ 2.56 million
+0.03%
49 Coinbase Wrapped LTC cbLTC $ 78.09
$ 2.41M
$ 2.41 million
+0.85%
50 Wrapped NCG WNCG $ 0.00712
$ 2.23M
$ 2.23 million
+4.64%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
ckUNI CKUNI $ 7.87
$ 295
$ 295
-18.25%
Wrapped Neon EVM WNEON $ --
$ --
$ --
--%
USDC (Avalance) USDC $ 1.00
$ 723.10M
$ 723.10 million
+0.31%
Crosschain IOTX CIOTX $ 0.00724
$ 160,329
$ 160,329
-1.18%
Wrapped ZCore WZCR $ --
$ --
$ --
--%
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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