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 $ 1,897.32
$ 16.73B
$ 16.73 billion
-1.30%
2 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.01%
3 Wrapped BTC WBTC $ 64,831.63
$ 8.91B
$ 8.91 billion
-0.63%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,330.27
$ 7.44B
$ 7.44 billion
-1.22%
5 Wrapped eETH weETH $ 2,070.16
$ 5.89B
$ 5.89 billion
-1.17%
6 Wrapped Ether WETH $ 1,899.21
$ 5.05B
$ 5.05 billion
-1.01%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.07%
8 Coinbase Wrapped BTC CBBTC $ 64,993.54
$ 2.86B
$ 2.86 billion
-0.65%
9 Bitcoin BEP2 BTCB $ 64,995.85
$ 2.53B
$ 2.53 billion
-0.65%
10 Jito Staked SOL JITOSOL $ 102.27
$ 1.15B
$ 1.15 billion
-0.64%
11 Binance Staked SOL BNSOL $ 89.05
$ 873.61M
$ 873.61 million
-0.59%
12 Wrapped BNB WBNB $ 603.19
$ 850.08M
$ 850.08 million
-0.96%
13 Rocket Pool ETH RETH $ 2,198.95
$ 789.17M
$ 789.17 million
-1.54%
14 Lombard Staked Bitcoin LBTC $ 64,942.47
$ 686.53M
$ 686.53 million
-1.74%
15 Solv BTC SOLVBTC $ 64,880.83
$ 412.77M
$ 412.77 million
-0.86%
16 tBTC v2 TBTC $ 64,907.13
$ 383.79M
$ 383.79 million
-0.75%
17 Binance-Peg XRP Token XRP $ 1.32
$ 325.15M
$ 325.15 million
-2.05%
18 Marinade staked SOL MSOL $ 110.47
$ 279.56M
$ 279.56 million
-0.42%
19 Coinbase Wrapped Staked ETH CBETH $ 2,130.82
$ 268.02M
$ 268.02 million
-1.15%
20 Wrapped Solana SOL $ 80.95
$ 151.33M
$ 151.33 million
-0.57%
21 Wrapped AVAX WAVAX $ 8.66
$ 143.22M
$ 143.22 million
-2.74%
22 BybitSOL BBSOL $ 92.16
$ 107.33M
$ 107.33 million
-0.51%
23 Wrapped Centrifuge CFG $ 0.103
$ 59.41M
$ 59.41 million
-12.43%
24 Coinbase Wrapped XRP CBXRP $ 1.33
$ 28.22M
$ 28.22 million
-1.83%
25 Wrapped Matic WMATIC $ 0.104
$ 14.85M
$ 14.85 million
-2.55%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.11%

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

27 Wrapped TRON WTRX $ 0.280
$ 3.59B
$ 3.59 billion
-0.69%
28 Mantle Staked Ether METH $ 2,067.34
$ 440.16M
$ 440.16 million
-0.78%
29 Jupiter Staked SOL JUPSOL $ 94.83
$ 397.16M
$ 397.16 million
-0.75%
30 Bitcoin Avalanche Bridged BTC.b $ 64,934.87
$ 249.53M
$ 249.53 million
-0.76%
31 ckBTC ckBTC $ 65,000.85
$ 30.68M
$ 30.68 million
-1.17%
32 Wrapped NXM WNXM $ 48.91
$ 23.65M
$ 23.65 million
-2.12%
33 Wrapped TAO WTAO $ 173.69
$ 20.57M
$ 20.57 million
-2.22%
34 ckUSDC CKUSDC $ 1.03
$ 1.91M
$ 1.91 million
+2.81%
35 Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
+0.30%
36 ckETH ckETH $ 1,900.50
$ 1.18M
$ 1.18 million
-1.90%
37 renBTC RENBTC $ 3,026.54
$ 921,575
$ 921,575
+0.21%
38 ckOCT CKOCT $ 0.00524
$ 92.80T
$ 92.80 trillion
-7.23%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,255.61
$ 46.99T
$ 46.99 trillion
+6.65%
40 Wrapped DOGE WDOGE $ 0.101
$ 13.02B
$ 13.02 billion
-4.62%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.02%
42 Wrapped Binance Beacon ETH WBETH $ 2,070.31
$ 2.69B
$ 2.69 billion
-1.26%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.01%
44 USDC (Avalance) USDC $ 1.00
$ 721.75M
$ 721.75 million
+0.10%
45 Wrapped BTC (Wormhole) WBTC $ 64,864.19
$ 259.29M
$ 259.29 million
-0.88%
46 Binance Wrapped BTC BBTC $ 64,679.68
$ 187.57M
$ 187.57 million
-1.50%
47 Gate Wrapped BTC GTBTC $ 65,183.52
$ 149.90M
$ 149.90 million
-1.47%
48 TRON peg TRX $ 0.279
$ 83.46M
$ 83.46 million
-1.26%
49 Binance-Peg Bitcoin Cash Token BCH $ 447.71
$ 43.20M
$ 43.20 million
-4.18%
50 Wrapped BTC WBTC.E $ 64,580.63
$ 28.29M
$ 28.29 million
-1.07%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.07%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.01%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.11%
Marinade staked SOL MSOL $ 110.47
$ 279.56M
$ 279.56 million
-0.42%
BybitSOL BBSOL $ 92.16
$ 107.33M
$ 107.33 million
-0.51%
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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