Wrapped coins

210 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 $ 1,996.77
$ 18.37B
$ 18.37 billion
-3.37%
2 Wrapped BTC WBTC $ 66,344.30
$ 9.12B
$ 9.12 billion
-3.31%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.11%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,461.26
$ 8.57B
$ 8.57 billion
-3.05%
5 Wrapped eETH weETH $ 2,185.39
$ 6.22B
$ 6.22 billion
-2.96%
6 Wrapped Ether WETH $ 2,001.94
$ 5.32B
$ 5.32 billion
-3.00%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 66,405.88
$ 2.92B
$ 2.92 billion
-3.39%
9 Bitcoin BEP2 BTCB $ 66,343.48
$ 2.79B
$ 2.79 billion
-3.45%
10 Jito Staked SOL JITOSOL $ 105.45
$ 1.19B
$ 1.19 billion
-3.53%
11 Wrapped BNB WBNB $ 611.88
$ 862.28M
$ 862.28 million
-2.57%
12 Rocket Pool ETH RETH $ 2,315.20
$ 787.35M
$ 787.35 million
-3.03%
13 Lombard Staked Bitcoin LBTC $ 66,590.48
$ 706.37M
$ 706.37 million
-3.29%
14 Solv BTC SOLVBTC $ 66,178.44
$ 429.99M
$ 429.99 million
-3.57%
15 tBTC v2 TBTC $ 66,447.59
$ 386.07M
$ 386.07 million
-3.31%
16 Binance-Peg XRP Token XRP $ 1.34
$ 314.97M
$ 314.97 million
-2.06%
17 Coinbase Wrapped Staked ETH CBETH $ 2,252.61
$ 270.79M
$ 270.79 million
-3.04%
18 Bitcoin Avalanche Bridged BTC.b $ 66,284.06
$ 254.79M
$ 254.79 million
-3.37%
19 Marinade staked SOL MSOL $ 113.34
$ 236.19M
$ 236.19 million
-3.66%
20 Wrapped Solana SOL $ 83.11
$ 155.35M
$ 155.35 million
-3.60%
21 Wrapped AVAX WAVAX $ 8.78
$ 123.75M
$ 123.75 million
-3.16%
22 Wrapped Centrifuge CFG $ 0.158
$ 91.07M
$ 91.07 million
+7.58%
23 Wrapped TAO WTAO $ 318.02
$ 37.66M
$ 37.66 million
-5.31%
24 Coinbase Wrapped XRP CBXRP $ 1.34
$ 28.47M
$ 28.47 million
-1.84%
25 Wrapped Matic WMATIC $ 0.0909
$ 12.93M
$ 12.93 million
-5.80%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.00%
27 Wrapped NCG WNCG $ 0.00525
$ 1.68M
$ 1.68 million
+0.60%

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

28 Binance Staked SOL BNSOL $ 91.66
$ 782.18M
$ 782.18 million
-3.66%
29 Mantle Staked Ether METH $ 2,183.25
$ 464.87M
$ 464.87 million
-2.93%
30 Jupiter Staked SOL JUPSOL $ 97.69
$ 355.67M
$ 355.67 million
-3.61%
31 BybitSOL BBSOL $ 94.86
$ 101.90M
$ 101.90 million
-3.50%
32 ckBTC ckBTC $ 67,310.09
$ 31.77M
$ 31.77 million
-1.17%
33 Wrapped NXM WNXM $ 52.91
$ 25.58M
$ 25.58 million
-0.15%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+1.49%
35 renBTC RENBTC $ 4,113.59
$ 1.25M
$ 1.25 million
-1.56%
36 ckETH ckETH $ 2,019.81
$ 1.25M
$ 1.25 million
-1.62%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,731.24
$ 42.30T
$ 42.30 trillion
-0.87%
38 Wrapped BTC (BitGo) WBTC $ 66,318.34
$ 7.94B
$ 7.94 billion
-3.27%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.05%
40 Wrapped Binance Beacon ETH WBETH $ 2,188.68
$ 2.85B
$ 2.85 billion
-3.02%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.05%
42 USDC (Avalance) USDC $ 0.997
$ 719.35M
$ 719.35 million
-0.18%
43 Wrapped BTC (Wormhole) WBTC $ 66,310.76
$ 245.50M
$ 245.50 million
-3.39%
44 Binance Wrapped BTC BBTC $ 66,351.86
$ 192.42M
$ 192.42 million
-3.49%
45 Gate Wrapped BTC GTBTC $ 66,642.75
$ 153.25M
$ 153.25 million
-3.34%
46 TRON peg TRX $ 0.311
$ 92.79M
$ 92.79 million
-1.11%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,121.34
$ 66.63M
$ 66.63 million
-3.56%
48 Binance-Peg Bitcoin Cash Token BCH $ 472.39
$ 45.59M
$ 45.59 million
+0.83%
49 Wrapped BTC WBTC.E $ 65,995.16
$ 28.91M
$ 28.91 million
-3.81%
50 Wrapped XRP WXRP $ 1.34
$ 24.01M
$ 24.01 million
-1.32%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.158
$ 91.07M
$ 91.07 million
+7.58%
Wrapped NCG WNCG $ 0.00525
$ 1.68M
$ 1.68 million
+0.60%
Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.01%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.00%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.11%
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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