Wrapped coins

2 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 $ 2,200.95
$ 19.41B
$ 19.41 billion
-5.88%
2 Wrapped BTC WBTC $ 71,195.57
$ 9.79B
$ 9.79 billion
-4.53%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,705.09
$ 8.64B
$ 8.64 billion
-5.90%
5 Wrapped eETH weETH $ 2,398.66
$ 6.82B
$ 6.82 billion
-5.95%
6 Wrapped Ether WETH $ 2,202.38
$ 5.86B
$ 5.86 billion
-5.84%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.04%
8 Coinbase Wrapped BTC CBBTC $ 71,305.79
$ 3.13B
$ 3.13 billion
-4.60%
9 Bitcoin BEP2 BTCB $ 71,327.64
$ 3.00B
$ 3.00 billion
-4.51%
10 Jito Staked SOL JITOSOL $ 114.35
$ 1.28B
$ 1.28 billion
-5.44%
11 Wrapped BNB WBNB $ 652.01
$ 918.78M
$ 918.78 million
-3.25%
12 Rocket Pool ETH RETH $ 2,545.98
$ 913.72M
$ 913.72 million
-6.14%
13 Binance Staked SOL BNSOL $ 99.75
$ 851.17M
$ 851.17 million
-5.08%
14 Lombard Staked Bitcoin LBTC $ 71,444.88
$ 757.67M
$ 757.67 million
-4.39%
15 Mantle Staked Ether METH $ 2,381.39
$ 507.01M
$ 507.01 million
-6.57%
16 Solv BTC SOLVBTC $ 71,196.70
$ 468.10M
$ 468.10 million
-4.41%
17 tBTC v2 TBTC $ 71,268.04
$ 421.40M
$ 421.40 million
-4.60%
18 Jupiter Staked SOL JUPSOL $ 106.04
$ 386.04M
$ 386.04 million
-5.42%
19 Binance-Peg XRP Token XRP $ 1.47
$ 354.73M
$ 354.73 million
-4.25%
20 Coinbase Wrapped Staked ETH CBETH $ 2,479.01
$ 298.01M
$ 298.01 million
-5.82%
21 Bitcoin Avalanche Bridged BTC.b $ 71,180.39
$ 273.55M
$ 273.55 million
-4.72%
22 Marinade staked SOL MSOL $ 123.10
$ 256.58M
$ 256.58 million
-5.40%
23 Wrapped Solana SOL $ 90.14
$ 168.51M
$ 168.51 million
-5.56%
24 Wrapped AVAX WAVAX $ 9.71
$ 136.89M
$ 136.89 million
-5.84%
25 BybitSOL BBSOL $ 103.01
$ 118.53M
$ 118.53 million
-5.09%
26 Wrapped Centrifuge CFG $ 0.145
$ 83.33M
$ 83.33 million
-11.04%
27 Wrapped TAO WTAO $ 265.48
$ 31.44M
$ 31.44 million
-5.79%
28 Coinbase Wrapped XRP CBXRP $ 1.47
$ 31.20M
$ 31.20 million
-4.27%
29 Wrapped Matic WMATIC $ 0.0972
$ 13.83M
$ 13.83 million
-3.09%
30 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.03%
31 Wrapped NCG WNCG $ 0.00535
$ 1.72M
$ 1.72 million
-4.21%

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

32 ckBTC ckBTC $ 71,543.03
$ 33.77M
$ 33.77 million
-4.75%
33 Wrapped NXM WNXM $ 56.32
$ 27.23M
$ 27.23 million
-2.24%
34 ckUSDC CKUSDC $ 0.999
$ 1.58M
$ 1.58 million
+0.42%
35 ckETH ckETH $ 2,201.56
$ 1.36M
$ 1.36 million
-6.08%
36 renBTC RENBTC $ 4,351.24
$ 1.32M
$ 1.32 million
-1.25%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,284.59
$ 47.25T
$ 47.25 trillion
-2.24%
38 Wrapped BTC (BitGo) WBTC $ 71,142.37
$ 8.52B
$ 8.52 billion
-4.44%
39 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.09%
40 Wrapped Binance Beacon ETH WBETH $ 2,406.15
$ 3.13B
$ 3.13 billion
-5.88%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.02%
42 USDC (Avalance) USDC $ 0.999
$ 720.89M
$ 720.89 million
+0.08%
43 Wrapped BTC (Wormhole) WBTC $ 71,063.08
$ 284.06M
$ 284.06 million
-4.71%
44 Binance Wrapped BTC BBTC $ 70,742.46
$ 205.15M
$ 205.15 million
-5.07%
45 Gate Wrapped BTC GTBTC $ 71,571.81
$ 164.58M
$ 164.58 million
-4.48%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.50M
$ 122.50 million
+0.00%
47 TRON peg TRX $ 0.303
$ 90.58M
$ 90.58 million
-0.82%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,346.94
$ 73.72M
$ 73.72 million
-5.92%
49 Binance-Peg Bitcoin Cash Token BCH $ 452.80
$ 43.70M
$ 43.70 million
-4.97%
50 Wrapped BTC WBTC.E $ 71,283.60
$ 31.24M
$ 31.24 million
-4.30%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.03%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.02%
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.04%
Wrapped Matic WMATIC $ 0.0972
$ 13.83M
$ 13.83 million
-3.09%
Wrapped BNB WBNB $ 652.01
$ 918.78M
$ 918.78 million
-3.25%
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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