Wrapped coins

221 coins #19

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 $ 2,177.21
$ 19.08B
$ 19.08 billion
-1.81%
2 Wrapped BTC WBTC $ 77,824.79
$ 10.69B
$ 10.69 billion
-1.36%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,686.96
$ 9.01B
$ 9.01 billion
-1.74%
4 Binance-Peg BSC-USD BSC-USD $ 0.954
$ 8.57B
$ 8.57 billion
-7.55%
5 Wrapped Ether WETH $ 2,177.54
$ 5.79B
$ 5.79 billion
-1.72%
6 Wrapped eETH weETH $ 2,382.63
$ 4.09B
$ 4.09 billion
-1.74%
7 Bitcoin BEP2 BTCB $ 75,614.89
$ 3.19B
$ 3.19 billion
-6.50%
8 Coinbase Wrapped BTC CBBTC $ 78,032.08
$ 3.10B
$ 3.10 billion
-1.41%
9 Wrapped BNB WBNB $ 642.56
$ 1.11B
$ 1.11 billion
-6.42%
10 Binance Staked SOL BNSOL $ 95.71
$ 952.13M
$ 952.13 million
-3.43%
11 Jito Staked SOL JITOSOL $ 110.16
$ 874.59M
$ 874.59 million
-3.33%
12 Rocket Pool ETH RETH $ 2,531.06
$ 844.12M
$ 844.12 million
-1.91%
13 Lombard Staked Bitcoin LBTC $ 78,212.03
$ 828.91M
$ 828.91 million
-1.49%
14 tBTC v2 TBTC $ 77,799.02
$ 395.82M
$ 395.82 million
-1.49%
15 Binance-Peg XRP Token XRP $ 1.37
$ 313.62M
$ 313.62 million
-5.83%
16 Bitcoin Avalanche Bridged BTC.b $ 77,978.94
$ 299.74M
$ 299.74 million
-1.08%
17 Coinbase Wrapped Staked ETH CBETH $ 2,462.65
$ 287.85M
$ 287.85 million
-1.63%
18 Marinade staked SOL MSOL $ 118.71
$ 275.26M
$ 275.26 million
-3.44%
19 Wrapped AVAX WAVAX $ 9.27
$ 149.53M
$ 149.53 million
-2.03%
20 Wrapped Centrifuge CFG $ 0.256
$ 147.79M
$ 147.79 million
-3.47%
21 Wrapped Solana SOL $ 86.25
$ 129.37M
$ 129.37 million
-3.36%
22 Wrapped NXM WNXM $ 56.12
$ 24.25M
$ 24.25 million
-0.25%
23 Wrapped Matic WMATIC $ 0.0900
$ 12.81M
$ 12.81 million
-0.49%
24 Axelar Wrapped USDC AXLUSDC $ 0.980
$ 2.38M
$ 2.38 million
-3.19%
25 Wrapped NCG WNCG $ 0.00594
$ 1.90M
$ 1.90 million
+3.17%

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

26 Ethena Staked USDe sUSDe $ 3.70
$ 11.53B
$ 11.53 billion
-1.78%
27 Mantle Staked Ether METH $ 2,377.75
$ 540.95M
$ 540.95 million
-1.68%
28 Solv BTC SOLVBTC $ 75,443.41
$ 485.81M
$ 485.81 million
-4.68%
29 Jupiter Staked SOL JUPSOL $ 102.26
$ 438.57M
$ 438.57 million
-3.60%
30 BybitSOL BBSOL $ 99.20
$ 114.06M
$ 114.06 million
-3.32%
31 Coinbase Wrapped XRP CBXRP $ 1.41
$ 102.70M
$ 102.70 million
-1.83%
32 Wrapped TAO WTAO $ 271.97
$ 29.51M
$ 29.51 million
-6.03%
33 ckBTC ckBTC $ 76,936.65
$ 14.80M
$ 14.80 million
-3.28%
34 renBTC RENBTC $ 15,384.94
$ 4.68M
$ 4.68 million
-14.08%
35 ckUSDC CKUSDC $ 1.00
$ 2.05M
$ 2.05 million
+0.40%
36 ckETH ckETH $ 2,164.14
$ 1.34M
$ 1.34 million
-2.59%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,569.18
$ 30.79T
$ 30.79 trillion
-3.07%
38 Wrapped DOGE WDOGE $ 0.109
$ 14.03B
$ 14.03 billion
-6.72%
39 Wrapped BTC (BitGo) WBTC $ 77,453.40
$ 9.17B
$ 9.17 billion
-1.41%
40 USDC (BASE) USDC $ 1.00
$ 4.36B
$ 4.36 billion
+14.30%
41 Wrapped Binance Beacon ETH WBETH $ 2,386.16
$ 2.96B
$ 2.96 billion
-1.53%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.980
$ 1.26B
$ 1.26 billion
+11.42%
43 USDC (Avalance) USDC $ 1.02
$ 735.21M
$ 735.21 million
+8.23%
44 Wrapped BTC (Wormhole) WBTC $ 77,742.19
$ 246.71M
$ 246.71 million
-1.47%
45 Binance Wrapped BTC BBTC $ 77,921.26
$ 225.97M
$ 225.97 million
-1.54%
46 Gate Wrapped BTC GTBTC $ 78,308.83
$ 180.08M
$ 180.08 million
-1.48%
47 Wrapped Fantom WFTM $ 0.0514
$ 112.37M
$ 112.37 million
-5.81%
48 TRON peg TRX $ 0.353
$ 105.39M
$ 105.39 million
+0.57%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,059.39
$ 64.69M
$ 64.69 million
-12.94%
50 Wrapped DAG WDAG $ 0.0173
$ 64.36M
$ 64.36 million
-16.79%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00594
$ 1.90M
$ 1.90 million
+3.17%
Wrapped NXM WNXM $ 56.12
$ 24.25M
$ 24.25 million
-0.25%
Wrapped Matic WMATIC $ 0.0900
$ 12.81M
$ 12.81 million
-0.49%
Bitcoin Avalanche Bridged BTC.b $ 77,978.94
$ 299.74M
$ 299.74 million
-1.08%
Wrapped BTC WBTC $ 77,824.79
$ 10.69B
$ 10.69 billion
-1.36%
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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