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 $ 2,121.51
$ 18.72B
$ 18.72 billion
+3.98%
2 Wrapped BTC WBTC $ 71,388.43
$ 9.81B
$ 9.81 billion
+2.67%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.15%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,609.39
$ 8.33B
$ 8.33 billion
+3.90%
5 Wrapped eETH weETH $ 2,312.83
$ 6.58B
$ 6.58 billion
+3.98%
6 Wrapped Ether WETH $ 2,122.12
$ 5.65B
$ 5.65 billion
+4.00%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.05%
8 Coinbase Wrapped BTC CBBTC $ 71,559.61
$ 3.15B
$ 3.15 billion
+2.68%
9 Bitcoin BEP2 BTCB $ 71,534.82
$ 3.01B
$ 3.01 billion
+2.65%
10 Jito Staked SOL JITOSOL $ 114.12
$ 1.28B
$ 1.28 billion
+4.65%
11 Binance Staked SOL BNSOL $ 99.37
$ 974.84M
$ 974.84 million
+5.09%
12 Wrapped BNB WBNB $ 660.99
$ 931.84M
$ 931.84 million
+2.33%
13 Rocket Pool ETH RETH $ 2,462.12
$ 883.62M
$ 883.62 million
+3.83%
14 Lombard Staked Bitcoin LBTC $ 71,819.81
$ 760.64M
$ 760.64 million
+2.50%
15 tBTC v2 TBTC $ 71,474.23
$ 422.59M
$ 422.59 million
+2.48%
16 Binance-Peg XRP Token XRP $ 1.41
$ 345.38M
$ 345.38 million
+1.87%
17 Coinbase Wrapped Staked ETH CBETH $ 2,388.17
$ 300.34M
$ 300.34 million
+3.89%
18 Bitcoin Avalanche Bridged BTC.b $ 71,535.53
$ 275.04M
$ 275.04 million
+2.39%
19 Marinade staked SOL MSOL $ 122.86
$ 256.05M
$ 256.05 million
+4.66%
20 Wrapped Solana SOL $ 89.98
$ 168.19M
$ 168.19 million
+4.48%
21 Wrapped AVAX WAVAX $ 9.88
$ 139.33M
$ 139.33 million
+3.82%
22 BybitSOL BBSOL $ 102.28
$ 120.15M
$ 120.15 million
+5.29%
23 Wrapped Centrifuge CFG $ 0.125
$ 72.24M
$ 72.24 million
-0.20%
24 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.00M
$ 30.00 million
+2.46%
25 Wrapped Matic WMATIC $ 0.0997
$ 14.20M
$ 14.20 million
+2.02%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.05%
27 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+0.39%

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

28 Mantle Staked Ether METH $ 2,325.70
$ 495.17M
$ 495.17 million
+4.53%
29 Solv BTC SOLVBTC $ 71,426.36
$ 458.94M
$ 458.94 million
+2.00%
30 Jupiter Staked SOL JUPSOL $ 105.66
$ 384.67M
$ 384.67 million
+1.93%
31 ckBTC ckBTC $ 72,641.91
$ 34.29M
$ 34.29 million
+3.67%
32 Wrapped TAO WTAO $ 227.12
$ 26.89M
$ 26.89 million
+12.62%
33 Wrapped NXM WNXM $ 54.00
$ 26.09M
$ 26.09 million
-0.99%
34 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
-0.26%
35 ckETH ckETH $ 2,142.21
$ 1.32M
$ 1.32 million
+4.95%
36 renBTC RENBTC $ 3,932.35
$ 1.20M
$ 1.20 million
+9.37%
37 ckOCT CKOCT $ 0.00465
$ 82.45T
$ 82.45 trillion
+18.23%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,074.63
$ 45.37T
$ 45.37 trillion
+4.58%
39 Wrapped DOGE WDOGE $ 0.109
$ 14.02B
$ 14.02 billion
-0.38%
40 Wrapped BTC (BitGo) WBTC $ 71,588.81
$ 8.57B
$ 8.57 billion
+2.57%
41 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.08%
42 Wrapped Binance Beacon ETH WBETH $ 2,317.48
$ 3.02B
$ 3.02 billion
+3.81%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.06%
44 USDC (Avalance) USDC $ 0.996
$ 718.38M
$ 718.38 million
-0.13%
45 Wrapped BTC (Wormhole) WBTC $ 71,290.34
$ 284.97M
$ 284.97 million
+2.26%
46 Binance Wrapped BTC BBTC $ 71,427.33
$ 207.14M
$ 207.14 million
+2.30%
47 Gate Wrapped BTC GTBTC $ 71,783.45
$ 165.07M
$ 165.07 million
+2.59%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.97%
49 TRON peg TRX $ 0.291
$ 86.86M
$ 86.86 million
-0.09%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,262.47
$ 71.07M
$ 71.07 million
+3.26%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
BybitSOL BBSOL $ 102.28
$ 120.15M
$ 120.15 million
+5.29%
Binance Staked SOL BNSOL $ 99.37
$ 974.84M
$ 974.84 million
+5.09%
Marinade staked SOL MSOL $ 122.86
$ 256.05M
$ 256.05 million
+4.66%
Jito Staked SOL JITOSOL $ 114.12
$ 1.28B
$ 1.28 billion
+4.65%
Wrapped Solana SOL $ 89.98
$ 168.19M
$ 168.19 million
+4.48%
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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