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 $ 1,949.05
$ 17.20B
$ 17.20 billion
+1.28%
2 Wrapped BTC WBTC $ 67,070.59
$ 9.22B
$ 9.22 billion
+1.10%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.45%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,393.97
$ 7.64B
$ 7.64 billion
+1.64%
5 Wrapped eETH weETH $ 2,137.16
$ 6.08B
$ 6.08 billion
+2.28%
6 Wrapped Ether WETH $ 1,947.68
$ 5.18B
$ 5.18 billion
+0.94%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.00%
8 Coinbase Wrapped BTC CBBTC $ 67,211.68
$ 2.95B
$ 2.95 billion
+0.90%
9 Bitcoin BEP2 BTCB $ 67,230.18
$ 2.62B
$ 2.62 billion
+1.22%
10 Jito Staked SOL JITOSOL $ 105.92
$ 1.19B
$ 1.19 billion
+3.67%
11 Binance Staked SOL BNSOL $ 91.51
$ 897.86M
$ 897.86 million
+3.18%
12 Wrapped BNB WBNB $ 617.34
$ 870.29M
$ 870.29 million
+2.87%
13 Rocket Pool ETH RETH $ 2,268.91
$ 814.28M
$ 814.28 million
+1.91%
14 Lombard Staked Bitcoin LBTC $ 67,632.07
$ 715.86M
$ 715.86 million
+1.55%
15 Solv BTC SOLVBTC $ 67,353.42
$ 463.56M
$ 463.56 million
+1.38%
16 Mantle Staked Ether METH $ 2,122.32
$ 451.88M
$ 451.88 million
+2.03%
17 tBTC v2 TBTC $ 67,412.38
$ 398.61M
$ 398.61 million
+1.19%
18 Binance-Peg XRP Token XRP $ 1.42
$ 348.20M
$ 348.20 million
+1.84%
19 Marinade staked SOL MSOL $ 114.43
$ 289.58M
$ 289.58 million
+3.98%
20 Coinbase Wrapped Staked ETH CBETH $ 2,190.18
$ 275.41M
$ 275.41 million
+1.27%
21 Wrapped Solana SOL $ 83.81
$ 156.66M
$ 156.66 million
+3.29%
22 Wrapped AVAX WAVAX $ 9.04
$ 149.73M
$ 149.73 million
+2.03%
23 BybitSOL BBSOL $ 94.60
$ 111.58M
$ 111.58 million
+2.93%
24 Wrapped Centrifuge CFG $ 0.0817
$ 46.90M
$ 46.90 million
+3.56%
25 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.23M
$ 30.23 million
+2.14%
26 Wrapped Matic WMATIC $ 0.105
$ 14.89M
$ 14.89 million
-0.70%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.06%

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

28 Wrapped TRON WTRX $ 0.285
$ 3.66B
$ 3.66 billion
+1.12%
29 Jupiter Staked SOL JUPSOL $ 98.60
$ 412.92M
$ 412.92 million
+4.43%
30 Bitcoin Avalanche Bridged BTC.b $ 67,023.38
$ 257.63M
$ 257.63 million
+0.83%
31 ckBTC ckBTC $ 67,154.52
$ 31.70M
$ 31.70 million
+1.56%
32 Wrapped NXM WNXM $ 51.70
$ 24.93M
$ 24.93 million
+1.14%
33 Wrapped TAO WTAO $ 180.71
$ 21.43M
$ 21.43 million
+1.42%
34 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
-0.37%
35 Wrapped NCG WNCG $ 0.00552
$ 1.77M
$ 1.77 million
-2.06%
36 ckETH ckETH $ 1,970.66
$ 1.22M
$ 1.22 million
+1.77%
37 renBTC RENBTC $ 3,111.65
$ 947,492
$ 947,492
+2.47%
38 ckOCT CKOCT $ 0.00416
$ 73.69T
$ 73.69 trillion
+12.75%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,930.29
$ 44.21T
$ 44.21 trillion
-0.19%
40 Wrapped DOGE WDOGE $ 0.109
$ 14.14B
$ 14.14 billion
-4.40%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.33%
42 Wrapped Binance Beacon ETH WBETH $ 2,126.51
$ 2.77B
$ 2.77 billion
+1.50%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.43%
44 USDC (Avalance) USDC $ 1.00
$ 723.00M
$ 723.00 million
+0.27%
45 Wrapped BTC (Wormhole) WBTC $ 67,467.69
$ 269.69M
$ 269.69 million
+1.87%
46 Binance Wrapped BTC BBTC $ 67,463.61
$ 195.64M
$ 195.64 million
+1.57%
47 Gate Wrapped BTC GTBTC $ 67,364.30
$ 155.18M
$ 155.18 million
+0.71%
48 TRON peg TRX $ 0.286
$ 85.36M
$ 85.36 million
+1.59%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,071.35
$ 65.06M
$ 65.06 million
-0.55%
50 Binance-Peg Bitcoin Cash Token BCH $ 563.21
$ 54.35M
$ 54.35 million
+3.27%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Marinade staked SOL MSOL $ 114.43
$ 289.58M
$ 289.58 million
+3.98%
Jito Staked SOL JITOSOL $ 105.92
$ 1.19B
$ 1.19 billion
+3.67%
Wrapped Centrifuge CFG $ 0.0817
$ 46.90M
$ 46.90 million
+3.56%
Wrapped Solana SOL $ 83.81
$ 156.66M
$ 156.66 million
+3.29%
Binance Staked SOL BNSOL $ 91.51
$ 897.86M
$ 897.86 million
+3.18%
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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