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 $ 1,888.82
$ 16.66B
$ 16.66 billion
+3.65%
2 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.04%
3 Wrapped BTC WBTC $ 64,844.84
$ 8.91B
$ 8.91 billion
+2.91%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,317.33
$ 7.40B
$ 7.40 billion
+3.62%
5 Wrapped eETH weETH $ 2,056.54
$ 5.85B
$ 5.85 billion
+3.75%
6 Wrapped Ether WETH $ 1,890.64
$ 5.03B
$ 5.03 billion
+3.62%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.07%
8 Coinbase Wrapped BTC CBBTC $ 65,016.13
$ 2.86B
$ 2.86 billion
+2.84%
9 Bitcoin BEP2 BTCB $ 65,024.61
$ 2.53B
$ 2.53 billion
+2.82%
10 Jito Staked SOL JITOSOL $ 103.65
$ 1.16B
$ 1.16 billion
+7.13%
11 Wrapped BNB WBNB $ 597.47
$ 842.00M
$ 842.00 million
+1.44%
12 Lombard Staked Bitcoin LBTC $ 65,044.39
$ 687.67M
$ 687.67 million
+3.03%
13 tBTC v2 TBTC $ 64,721.86
$ 382.69M
$ 382.69 million
+2.91%
14 Marinade staked SOL MSOL $ 111.62
$ 282.48M
$ 282.48 million
+7.09%
15 Coinbase Wrapped Staked ETH CBETH $ 2,123.32
$ 266.97M
$ 266.97 million
+3.89%
16 Wrapped Solana SOL $ 81.93
$ 153.15M
$ 153.15 million
+6.86%
17 Wrapped AVAX WAVAX $ 8.55
$ 141.40M
$ 141.40 million
+3.58%
18 BybitSOL BBSOL $ 92.99
$ 108.33M
$ 108.33 million
+6.89%
19 Wrapped Centrifuge CFG $ 0.0852
$ 48.93M
$ 48.93 million
+4.74%
20 Wrapped Matic WMATIC $ 0.113
$ 16.04M
$ 16.04 million
+7.34%
21 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.00%
22 Wrapped NCG WNCG $ 0.00553
$ 1.77M
$ 1.77 million
+0.92%

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

23 Wrapped TRON WTRX $ 0.286
$ 3.67B
$ 3.67 billion
+1.72%
24 Binance Staked SOL BNSOL $ 90.12
$ 884.11M
$ 884.11 million
+6.97%
25 Rocket Pool ETH RETH $ 2,192.73
$ 786.90M
$ 786.90 million
+3.83%
26 Mantle Staked Ether METH $ 2,053.48
$ 437.21M
$ 437.21 million
+4.62%
27 Solv BTC SOLVBTC $ 64,962.66
$ 419.66M
$ 419.66 million
+3.02%
28 Jupiter Staked SOL JUPSOL $ 96.08
$ 402.37M
$ 402.37 million
+6.96%
29 Binance-Peg XRP Token XRP $ 1.37
$ 335.10M
$ 335.10 million
+2.82%
30 Bitcoin Avalanche Bridged BTC.b $ 64,968.83
$ 249.73M
$ 249.73 million
+3.03%
31 ckBTC ckBTC $ 64,441.76
$ 30.42M
$ 30.42 million
+1.61%
32 Coinbase Wrapped XRP CBXRP $ 1.36
$ 29.02M
$ 29.02 million
+2.54%
33 Wrapped NXM WNXM $ 48.89
$ 23.64M
$ 23.64 million
+3.19%
34 Wrapped TAO WTAO $ 173.65
$ 20.56M
$ 20.56 million
+3.24%
35 ckUSDC CKUSDC $ 1.000
$ 1.86M
$ 1.86 million
+0.22%
36 ckETH ckETH $ 1,888.80
$ 1.17M
$ 1.17 million
+2.96%
37 renBTC RENBTC $ 2,997.87
$ 912,845
$ 912,845
+4.50%
38 ckOCT CKOCT $ 0.00521
$ 92.26T
$ 92.26 trillion
+24.21%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,301.52
$ 47.40T
$ 47.40 trillion
-0.85%
40 Wrapped DOGE WDOGE $ 0.109
$ 14.01B
$ 14.01 billion
-0.26%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+3.01%
42 Wrapped Binance Beacon ETH WBETH $ 2,061.47
$ 2.68B
$ 2.68 billion
+3.83%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.05%
44 USDC (Avalance) USDC $ 1.00
$ 722.38M
$ 722.38 million
+0.19%
45 Wrapped BTC (Wormhole) WBTC $ 64,882.46
$ 259.36M
$ 259.36 million
+3.01%
46 Binance Wrapped BTC BBTC $ 64,918.82
$ 188.26M
$ 188.26 million
+2.88%
47 Gate Wrapped BTC GTBTC $ 65,219.64
$ 149.98M
$ 149.98 million
+2.85%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.44M
$ 121.44 million
-0.88%
49 Wrapped Fantom WFTM $ 0.0479
$ 104.67M
$ 104.67 million
+0.07%
50 TRON peg TRX $ 0.286
$ 85.39M
$ 85.39 million
+1.78%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.113
$ 16.04M
$ 16.04 million
+7.34%
Jito Staked SOL JITOSOL $ 103.65
$ 1.16B
$ 1.16 billion
+7.13%
Marinade staked SOL MSOL $ 111.62
$ 282.48M
$ 282.48 million
+7.09%
BybitSOL BBSOL $ 92.99
$ 108.33M
$ 108.33 million
+6.89%
Wrapped Solana SOL $ 81.93
$ 153.15M
$ 153.15 million
+6.86%
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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