Wrapped coins

3 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 $ 1,970.91
$ 17.39B
$ 17.39 billion
+3.91%
2 Wrapped BTC WBTC $ 65,990.94
$ 9.07B
$ 9.07 billion
+1.80%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.05%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,420.62
$ 7.73B
$ 7.73 billion
+3.89%
5 Wrapped eETH weETH $ 2,150.66
$ 6.12B
$ 6.12 billion
+3.85%
6 Wrapped Ether WETH $ 1,972.63
$ 5.25B
$ 5.25 billion
+3.94%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.09%
8 Coinbase Wrapped BTC CBBTC $ 66,180.25
$ 2.91B
$ 2.91 billion
+1.82%
9 Bitcoin BEP2 BTCB $ 66,189.37
$ 2.58B
$ 2.58 billion
+1.81%
10 Jito Staked SOL JITOSOL $ 106.38
$ 1.20B
$ 1.20 billion
+4.04%
11 Wrapped BNB WBNB $ 622.96
$ 878.38M
$ 878.38 million
+3.37%
12 Rocket Pool ETH RETH $ 2,285.94
$ 820.36M
$ 820.36 million
+3.95%
13 Lombard Staked Bitcoin LBTC $ 66,878.22
$ 706.99M
$ 706.99 million
+2.91%
14 tBTC v2 TBTC $ 66,346.74
$ 392.30M
$ 392.30 million
+2.20%
15 Binance-Peg XRP Token XRP $ 1.37
$ 336.26M
$ 336.26 million
+3.42%
16 Marinade staked SOL MSOL $ 115.83
$ 293.12M
$ 293.12 million
+4.84%
17 Coinbase Wrapped Staked ETH CBETH $ 2,224.63
$ 279.70M
$ 279.70 million
+4.30%
18 Wrapped Solana SOL $ 84.17
$ 157.33M
$ 157.33 million
+3.99%
19 Wrapped AVAX WAVAX $ 9.03
$ 149.46M
$ 149.46 million
+4.34%
20 BybitSOL BBSOL $ 95.67
$ 113.42M
$ 113.42 million
+4.07%
21 Wrapped Centrifuge CFG $ 0.141
$ 81.03M
$ 81.03 million
+36.49%
22 Coinbase Wrapped XRP CBXRP $ 1.37
$ 29.11M
$ 29.11 million
+3.12%
23 Wrapped TAO WTAO $ 178.93
$ 21.19M
$ 21.19 million
+4.34%
24 Wrapped Matic WMATIC $ 0.106
$ 15.04M
$ 15.04 million
+1.39%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.13%

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

26 Wrapped TRON WTRX $ 0.281
$ 3.60B
$ 3.60 billion
+0.41%
27 Binance Staked SOL BNSOL $ 92.44
$ 906.88M
$ 906.88 million
+3.80%
28 Mantle Staked Ether METH $ 2,148.48
$ 457.45M
$ 457.45 million
+3.90%
29 Solv BTC SOLVBTC $ 66,472.16
$ 422.90M
$ 422.90 million
+2.45%
30 Jupiter Staked SOL JUPSOL $ 98.79
$ 413.73M
$ 413.73 million
+4.14%
31 Bitcoin Avalanche Bridged BTC.b $ 66,156.06
$ 254.30M
$ 254.30 million
+1.89%
32 ckBTC ckBTC $ 66,601.41
$ 31.44M
$ 31.44 million
+2.46%
33 Wrapped NXM WNXM $ 50.07
$ 24.15M
$ 24.15 million
+1.70%
34 ckUSDC CKUSDC $ 0.991
$ 1.84M
$ 1.84 million
-3.38%
35 Wrapped NCG WNCG $ 0.00545
$ 1.75M
$ 1.75 million
+0.10%
36 ckETH ckETH $ 1,980.41
$ 1.22M
$ 1.22 million
+4.20%
37 renBTC RENBTC $ 3,078.82
$ 937,495
$ 937,495
+1.73%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,086.92
$ 45.48T
$ 45.48 trillion
-3.21%
39 Wrapped DOGE WDOGE $ 0.107
$ 13.86B
$ 13.86 billion
+2.37%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.07%
41 Wrapped Binance Beacon ETH WBETH $ 2,149.47
$ 2.80B
$ 2.80 billion
+3.84%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.06%
43 USDC (Avalance) USDC $ 1.00
$ 722.41M
$ 722.41 million
+0.09%
44 Wrapped BTC (Wormhole) WBTC $ 66,007.16
$ 263.66M
$ 263.66 million
+1.68%
45 Binance Wrapped BTC BBTC $ 66,200.07
$ 191.98M
$ 191.98 million
+2.37%
46 Gate Wrapped BTC GTBTC $ 67,177.81
$ 153.82M
$ 153.82 million
+2.61%
47 TRON peg TRX $ 0.281
$ 84.07M
$ 84.07 million
+0.74%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,103.19
$ 66.06M
$ 66.06 million
+6.73%
49 Binance-Peg Bitcoin Cash Token BCH $ 442.03
$ 42.66M
$ 42.66 million
-2.85%
50 Wrapped BTC WBTC.E $ 66,065.31
$ 28.94M
$ 28.94 million
+2.30%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.141
$ 81.03M
$ 81.03 million
+36.49%
Marinade staked SOL MSOL $ 115.83
$ 293.12M
$ 293.12 million
+4.84%
Wrapped AVAX WAVAX $ 9.03
$ 149.46M
$ 149.46 million
+4.34%
Wrapped TAO WTAO $ 178.93
$ 21.19M
$ 21.19 million
+4.34%
Coinbase Wrapped Staked ETH CBETH $ 2,224.63
$ 279.70M
$ 279.70 million
+4.30%
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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