Wrapped coins

0 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 $ 1,951.27
$ 17.22B
$ 17.22 billion
-5.09%
2 Wrapped BTC WBTC $ 67,226.17
$ 9.24B
$ 9.24 billion
-3.14%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.17%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,396.54
$ 7.64B
$ 7.64 billion
-5.16%
5 Wrapped eETH weETH $ 2,120.95
$ 6.03B
$ 6.03 billion
-5.15%
6 Wrapped Ether WETH $ 1,954.43
$ 5.20B
$ 5.20 billion
-4.93%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.67B
$ 3.67 billion
-0.24%
8 Coinbase Wrapped BTC CBBTC $ 67,375.69
$ 2.96B
$ 2.96 billion
-3.26%
9 Bitcoin BEP2 BTCB $ 67,325.09
$ 2.62B
$ 2.62 billion
-3.25%
10 Jito Staked SOL JITOSOL $ 104.80
$ 1.18B
$ 1.18 billion
-5.75%
11 Wrapped BNB WBNB $ 645.02
$ 909.38M
$ 909.38 million
-4.21%
12 Rocket Pool ETH RETH $ 2,259.61
$ 810.94M
$ 810.94 million
-4.95%
13 Lombard Staked Bitcoin LBTC $ 66,714.31
$ 705.30M
$ 705.30 million
-4.27%
14 Solv BTC SOLVBTC $ 62,303.25
$ 520.89M
$ 520.89 million
-10.19%
15 Mantle Staked Ether METH $ 2,114.83
$ 450.28M
$ 450.28 million
-5.14%
16 Jupiter Staked SOL JUPSOL $ 96.76
$ 405.25M
$ 405.25 million
-5.87%
17 tBTC v2 TBTC $ 67,197.70
$ 397.33M
$ 397.33 million
-3.63%
18 Marinade staked SOL MSOL $ 112.74
$ 285.31M
$ 285.31 million
-5.77%
19 Coinbase Wrapped Staked ETH CBETH $ 2,183.36
$ 274.84M
$ 274.84 million
-5.03%
20 Bitcoin Avalanche Bridged BTC.b $ 66,725.86
$ 256.49M
$ 256.49 million
-3.76%
21 Wrapped Solana SOL $ 83.43
$ 155.94M
$ 155.94 million
-5.52%
22 Wrapped AVAX WAVAX $ 8.78
$ 145.41M
$ 145.41 million
-4.83%
23 BybitSOL BBSOL $ 94.69
$ 137.75M
$ 137.75 million
-5.39%
24 Wrapped Centrifuge CFG $ 0.0731
$ 41.97M
$ 41.97 million
-6.29%
25 Coinbase Wrapped XRP CBXRP $ 1.43
$ 30.49M
$ 30.49 million
+5.78%
26 Wrapped Matic WMATIC $ 0.0965
$ 13.73M
$ 13.73 million
-5.75%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.07%
28 Wrapped NCG WNCG $ 0.00590
$ 1.89M
$ 1.89 million
-9.52%

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

29 Binance-Peg XRP Token XRP $ 14,207.46
$ 3.50T
$ 3.50 trillion
+10.18%
30 Wrapped TRON WTRX $ 0.269
$ 3.45B
$ 3.45 billion
-3.28%
31 Binance Staked SOL BNSOL $ 91.29
$ 895.79M
$ 895.79 million
-5.61%
32 ckBTC ckBTC $ 67,304.93
$ 31.77M
$ 31.77 million
-2.55%
33 Wrapped NXM WNXM $ 49.80
$ 24.13M
$ 24.13 million
-8.25%
34 Wrapped TAO WTAO $ 169.93
$ 20.12M
$ 20.12 million
-5.42%
35 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
+0.50%
36 ckETH ckETH $ 1,944.98
$ 1.20M
$ 1.20 million
-5.04%
37 renBTC RENBTC $ 3,105.22
$ 945,533
$ 945,533
-1.93%
38 ckOCT CKOCT $ 0.0121
$ 213.58T
$ 213.58 trillion
+1.02%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,947.71
$ 44.24T
$ 44.24 trillion
-0.16%
40 Wrapped DOGE WDOGE $ 0.114
$ 14.66B
$ 14.66 billion
-1.59%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.45%
42 Wrapped Binance Beacon ETH WBETH $ 2,125.54
$ 2.77B
$ 2.77 billion
-4.99%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.15%
44 USDC (Avalance) USDC $ 0.999
$ 720.83M
$ 720.83 million
-0.43%
45 Wrapped BTC (Wormhole) WBTC $ 67,155.97
$ 268.45M
$ 268.45 million
-2.93%
46 Binance Wrapped BTC BBTC $ 67,150.13
$ 194.74M
$ 194.74 million
-3.01%
47 Gate Wrapped BTC GTBTC $ 67,637.71
$ 155.54M
$ 155.54 million
-3.23%
48 Wrapped Fantom WFTM $ 0.0623
$ 136.20M
$ 136.20 million
-80.51%
49 Umbrella Stake Wrapped Aave Ethereum WETH v1 stkwaEthWETH.v1 $ 2,764.47
$ 89.19M
$ 89.19 million
-12.15%
50 TRON peg TRX $ 0.269
$ 80.31M
$ 80.31 million
-3.45%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Coinbase Wrapped XRP CBXRP $ 1.43
$ 30.49M
$ 30.49 million
+5.78%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.07%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.17%
Ethena Staked USDe sUSDe $ 1.22
$ 3.67B
$ 3.67 billion
-0.24%
Wrapped BTC WBTC $ 67,226.17
$ 9.24B
$ 9.24 billion
-3.14%
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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