Wrapped coins

212 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 $ 2,320.24
$ 21.89B
$ 21.89 billion
-1.88%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,859.61
$ 10.62B
$ 10.62 billion
-2.15%
3 Wrapped BTC WBTC $ 74,015.67
$ 10.17B
$ 10.17 billion
-0.60%
4 Binance-Peg BSC-USD BSC-USD $ 0.996
$ 8.95B
$ 8.95 billion
-0.32%
5 Wrapped Ether WETH $ 2,325.14
$ 6.18B
$ 6.18 billion
-2.04%
6 Wrapped eETH weETH $ 2,532.57
$ 6.09B
$ 6.09 billion
-2.10%
7 Coinbase Wrapped BTC CBBTC $ 74,181.78
$ 3.55B
$ 3.55 billion
-0.73%
8 Bitcoin BEP2 BTCB $ 73,933.14
$ 3.11B
$ 3.11 billion
-0.76%
9 Wrapped BNB WBNB $ 612.67
$ 1.06B
$ 1.06 billion
-0.38%
10 Jito Staked SOL JITOSOL $ 106.65
$ 961.84M
$ 961.84 million
-2.97%
11 Rocket Pool ETH RETH $ 2,693.08
$ 912.07M
$ 912.07 million
-1.59%
12 Lombard Staked Bitcoin LBTC $ 74,874.00
$ 794.22M
$ 794.22 million
-0.03%
13 Binance Staked SOL BNSOL $ 92.90
$ 792.79M
$ 792.79 million
-2.86%
14 tBTC v2 TBTC $ 74,091.10
$ 446.06M
$ 446.06 million
-0.68%
15 Binance-Peg XRP Token XRP $ 1.36
$ 311.62M
$ 311.62 million
-1.44%
16 Coinbase Wrapped Staked ETH CBETH $ 2,618.66
$ 311.59M
$ 311.59 million
-2.22%
17 Bitcoin Avalanche Bridged BTC.b $ 74,116.60
$ 284.90M
$ 284.90 million
-0.66%
18 Marinade staked SOL MSOL $ 114.78
$ 233.12M
$ 233.12 million
-2.85%
19 Wrapped AVAX WAVAX $ 9.31
$ 148.04M
$ 148.04 million
-3.71%
20 Wrapped Solana SOL $ 83.88
$ 125.82M
$ 125.82 million
-2.87%
21 Wrapped Centrifuge CFG $ 0.202
$ 116.50M
$ 116.50 million
-3.30%
22 Coinbase Wrapped XRP CBXRP $ 1.36
$ 78.43M
$ 78.43 million
-1.30%
23 Wrapped Matic WMATIC $ 0.0826
$ 11.75M
$ 11.75 million
-3.78%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.08%

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

25 Ethena Staked USDe sUSDe $ 3.07
$ 9.58B
$ 9.58 billion
+1.92%
26 Mantle Staked Ether METH $ 2,532.05
$ 674.90M
$ 674.90 million
-2.53%
27 Solv BTC SOLVBTC $ 74,077.00
$ 527.78M
$ 527.78 million
-0.62%
28 Jupiter Staked SOL JUPSOL $ 98.85
$ 422.81M
$ 422.81 million
-2.90%
29 BybitSOL BBSOL $ 96.04
$ 98.17M
$ 98.17 million
-2.84%
30 ckBTC ckBTC $ 73,445.33
$ 34.67M
$ 34.67 million
-0.97%
31 Wrapped TAO WTAO $ 240.87
$ 26.90M
$ 26.90 million
-7.85%
32 Wrapped NXM WNXM $ 58.28
$ 25.73M
$ 25.73 million
-1.35%
33 renBTC RENBTC $ 13,175.17
$ 4.01M
$ 4.01 million
-2.16%
34 Wrapped NCG WNCG $ 0.00528
$ 1.69M
$ 1.69 million
-2.87%
35 ckUSDC CKUSDC $ 1.000
$ 1.58M
$ 1.58 million
-0.99%
36 ckETH ckETH $ 2,298.44
$ 1.42M
$ 1.42 million
-1.51%
37 ckOCT CKOCT $ 0.00291
$ 51.49T
$ 51.49 trillion
+16.91%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,968.89
$ 32.94T
$ 32.94 trillion
+0.25%
39 Wrapped BTC (BitGo) WBTC $ 73,849.42
$ 8.84B
$ 8.84 billion
-0.12%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.10%
41 Wrapped Binance Beacon ETH WBETH $ 2,541.55
$ 3.29B
$ 3.29 billion
-2.03%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.997
$ 1.29B
$ 1.29 billion
-0.03%
43 USDC (Avalance) USDC $ 0.997
$ 719.13M
$ 719.13 million
+0.24%
44 Wrapped BTC (Wormhole) WBTC $ 74,004.36
$ 273.99M
$ 273.99 million
-0.70%
45 Binance Wrapped BTC BBTC $ 74,074.45
$ 214.82M
$ 214.82 million
-0.87%
46 Gate Wrapped BTC GTBTC $ 74,401.43
$ 171.09M
$ 171.09 million
-0.61%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.69M
$ 123.69 million
-0.02%
48 TRON peg TRX $ 0.323
$ 96.36M
$ 96.36 million
+0.57%
49 Wrapped Fantom WFTM $ 0.0431
$ 94.21M
$ 94.21 million
+0.70%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,471.64
$ 77.64M
$ 77.64 million
-1.78%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.08%
Lombard Staked Bitcoin LBTC $ 74,874.00
$ 794.22M
$ 794.22 million
-0.03%
Binance-Peg BSC-USD BSC-USD $ 0.996
$ 8.95B
$ 8.95 billion
-0.32%
Wrapped BNB WBNB $ 612.67
$ 1.06B
$ 1.06 billion
-0.38%
Wrapped BTC WBTC $ 74,015.67
$ 10.17B
$ 10.17 billion
-0.60%
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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