Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,900.37
$ 16.86B
$ 16.86 billion
-5.22%
2 Wrapped BTC WBTC $ 66,955.30
$ 9.19B
$ 9.19 billion
-6.33%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,346.45
$ 8.14B
$ 8.14 billion
-5.25%
5 Wrapped Ether WETH $ 1,899.59
$ 5.05B
$ 5.05 billion
-5.25%
6 Wrapped eETH weETH $ 2,079.82
$ 3.31B
$ 3.31 billion
-5.28%
7 Coinbase Wrapped BTC CBBTC $ 67,080.39
$ 2.94B
$ 2.94 billion
-6.29%
8 Bitcoin BEP2 BTCB $ 67,184.75
$ 2.83B
$ 2.83 billion
-6.18%
9 Wrapped BNB WBNB $ 659.06
$ 1.14B
$ 1.14 billion
-5.53%
10 Binance Staked SOL BNSOL $ 83.62
$ 832.25M
$ 832.25 million
-7.44%
11 Rocket Pool ETH RETH $ 2,221.54
$ 739.68M
$ 739.68 million
-4.77%
12 Jito Staked SOL JITOSOL $ 96.31
$ 730.92M
$ 730.92 million
-7.25%
13 Lombard Staked Bitcoin LBTC $ 67,431.88
$ 714.20M
$ 714.20 million
-6.10%
14 Mantle Staked Ether METH $ 2,081.78
$ 430.00M
$ 430.00 million
-4.92%
15 tBTC v2 TBTC $ 67,055.55
$ 324.36M
$ 324.36 million
-6.29%
16 Binance-Peg XRP Token XRP $ 1.22
$ 276.90M
$ 276.90 million
-6.02%
17 Bitcoin Avalanche Bridged BTC.b $ 67,090.86
$ 257.76M
$ 257.76 million
-6.23%
18 Coinbase Wrapped Staked ETH CBETH $ 2,146.78
$ 250.70M
$ 250.70 million
-5.34%
19 Marinade staked SOL MSOL $ 104.34
$ 241.94M
$ 241.94 million
-6.27%
20 Wrapped Centrifuge CFG $ 0.247
$ 142.50M
$ 142.50 million
-0.64%
21 Wrapped AVAX WAVAX $ 8.30
$ 133.76M
$ 133.76 million
-7.15%
22 Wrapped Solana SOL $ 75.20
$ 112.69M
$ 112.69 million
-7.27%
23 Coinbase Wrapped XRP CBXRP $ 1.21
$ 96.66M
$ 96.66 million
-6.54%
24 Wrapped NXM WNXM $ 50.32
$ 21.52M
$ 21.52 million
-3.41%
25 Wrapped Matic WMATIC $ 0.0906
$ 12.89M
$ 12.89 million
-3.77%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.07%
27 Wrapped NCG WNCG $ 0.00642
$ 2.06M
$ 2.06 million
-4.08%

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

28 Ethena Staked USDe sUSDe $ 3.35
$ 10.45B
$ 10.45 billion
+0.14%
29 Wrapped TRON WTRX $ 0.335
$ 1.33B
$ 1.33 billion
-2.88%
30 Solv BTC SOLVBTC $ 66,908.39
$ 420.79M
$ 420.79 million
-6.88%
31 Jupiter Staked SOL JUPSOL $ 89.96
$ 385.82M
$ 385.82 million
-6.64%
32 BybitSOL BBSOL $ 86.32
$ 101.62M
$ 101.62 million
-7.61%
33 Wrapped TAO WTAO $ 236.30
$ 25.32M
$ 25.32 million
-6.79%
34 ckBTC ckBTC $ 68,116.90
$ 13.10M
$ 13.10 million
-4.15%
35 renBTC RENBTC $ 14,407.00
$ 4.39M
$ 4.39 million
+2.05%
36 ckUSDC CKUSDC $ 1.02
$ 2.08M
$ 2.08 million
+3.37%
37 ckETH ckETH $ 1,944.80
$ 1.20M
$ 1.20 million
-1.67%
38 ckOCT CKOCT $ 0.00620
$ 109.78T
$ 109.78 trillion
+5.07%
39 Wrapped DOGE WDOGE $ 0.0936
$ 12.08B
$ 12.08 billion
-5.55%
40 Wrapped BTC (BitGo) WBTC $ 67,141.11
$ 7.82B
$ 7.82 billion
-6.04%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.06%
42 Wrapped Binance Beacon ETH WBETH $ 2,086.42
$ 2.59B
$ 2.59 billion
-5.27%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.09%
44 USDC (Avalance) USDC $ 1.00
$ 721.71M
$ 721.71 million
+0.30%
45 Wrapped BTC (Wormhole) WBTC $ 66,966.09
$ 201.56M
$ 201.56 million
-6.16%
46 Binance Wrapped BTC BBTC $ 67,100.23
$ 194.59M
$ 194.59 million
-6.29%
47 Gate Wrapped BTC GTBTC $ 67,320.20
$ 154.51M
$ 154.51 million
-6.46%
48 Wrapped Fantom WFTM $ 0.0467
$ 102.13M
$ 102.13 million
-3.81%
49 TRON peg TRX $ 0.337
$ 100.61M
$ 100.61 million
-2.61%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,020.65
$ 63.47M
$ 63.47 million
-4.92%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.07%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.02%
Wrapped Centrifuge CFG $ 0.247
$ 142.50M
$ 142.50 million
-0.64%
Wrapped NXM WNXM $ 50.32
$ 21.52M
$ 21.52 million
-3.41%
Wrapped Matic WMATIC $ 0.0906
$ 12.89M
$ 12.89 million
-3.77%
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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