Wrapped coins

221 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 $ 2,312.60
$ 20.29B
$ 20.29 billion
-0.95%
2 Wrapped BTC WBTC $ 81,027.62
$ 11.13B
$ 11.13 billion
+0.44%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,854.46
$ 9.55B
$ 9.55 billion
-0.99%
4 Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.06B
$ 9.06 billion
+4.80%
5 Wrapped Ether WETH $ 2,311.44
$ 6.15B
$ 6.15 billion
-1.01%
6 Wrapped eETH weETH $ 2,531.19
$ 4.59B
$ 4.59 billion
-0.94%
7 Bitcoin BEP2 BTCB $ 80,024.80
$ 3.37B
$ 3.37 billion
+2.74%
8 Coinbase Wrapped BTC CBBTC $ 81,233.42
$ 3.36B
$ 3.36 billion
+0.53%
9 Binance Staked SOL BNSOL $ 107.51
$ 1.00B
$ 1.00 billion
+1.01%
10 Wrapped BNB WBNB $ 579.51
$ 1.00B
$ 1.00 billion
+1.17%
11 Jito Staked SOL JITOSOL $ 123.40
$ 979.74M
$ 979.74 million
+1.13%
12 Rocket Pool ETH RETH $ 2,691.48
$ 897.81M
$ 897.81 million
-0.92%
13 Lombard Staked Bitcoin LBTC $ 81,261.03
$ 862.79M
$ 862.79 million
+0.20%
14 Mantle Staked Ether METH $ 2,524.74
$ 539.80M
$ 539.80 million
-1.34%
15 tBTC v2 TBTC $ 81,157.80
$ 419.07M
$ 419.07 million
+0.43%
16 Binance-Peg XRP Token XRP $ 1.39
$ 317.86M
$ 317.86 million
+1.26%
17 Bitcoin Avalanche Bridged BTC.b $ 81,149.61
$ 311.93M
$ 311.93 million
+0.32%
18 Marinade staked SOL MSOL $ 133.01
$ 308.45M
$ 308.45 million
+1.39%
19 Coinbase Wrapped Staked ETH CBETH $ 2,612.64
$ 305.43M
$ 305.43 million
-0.91%
20 Wrapped Centrifuge CFG $ 0.285
$ 164.29M
$ 164.29 million
-8.10%
21 Wrapped AVAX WAVAX $ 10.04
$ 161.89M
$ 161.89 million
-0.39%
22 Wrapped Solana SOL $ 96.62
$ 144.95M
$ 144.95 million
+1.12%
23 Wrapped TAO WTAO $ 318.28
$ 34.53M
$ 34.53 million
-0.43%
24 Wrapped NXM WNXM $ 58.23
$ 25.17M
$ 25.17 million
-2.37%
25 Wrapped Matic WMATIC $ 0.102
$ 14.56M
$ 14.56 million
-1.84%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+1.74%
27 Wrapped NCG WNCG $ 0.00561
$ 1.80M
$ 1.80 million
-1.68%

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

28 Ethena Staked USDe sUSDe $ 3.82
$ 11.92B
$ 11.92 billion
-2.71%
29 Jupiter Staked SOL JUPSOL $ 114.60
$ 490.22M
$ 490.22 million
+1.19%
30 Solv BTC SOLVBTC $ 69,327.33
$ 446.55M
$ 446.55 million
-10.94%
31 BybitSOL BBSOL $ 111.09
$ 124.30M
$ 124.30 million
+1.16%
32 Coinbase Wrapped XRP CBXRP $ 1.46
$ 103.59M
$ 103.59 million
+0.78%
33 ckBTC ckBTC $ 80,937.72
$ 23.50M
$ 23.50 million
-0.83%
34 renBTC RENBTC $ 19,551.15
$ 5.95M
$ 5.95 million
+14.82%
35 ckUSDC CKUSDC $ 1.01
$ 1.59M
$ 1.59 million
-0.77%
36 ckETH ckETH $ 2,320.68
$ 1.44M
$ 1.44 million
-1.06%
37 ckOCT CKOCT $ 0.00457
$ 80.98T
$ 80.98 trillion
+14.42%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,021.25
$ 33.83T
$ 33.83 trillion
-4.97%
39 Wrapped Banano WBAN $ 1,894.11
$ 70.22B
$ 70.22 billion
+2.27%
40 Wrapped DOGE WDOGE $ 0.110
$ 14.25B
$ 14.25 billion
+1.61%
41 Wrapped BTC (BitGo) WBTC $ 80,979.17
$ 9.59B
$ 9.59 billion
+0.29%
42 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.19%
43 Wrapped Binance Beacon ETH WBETH $ 2,533.76
$ 3.14B
$ 3.14 billion
-0.98%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.925
$ 1.19B
$ 1.19 billion
+0.83%
45 USDC (Avalance) USDC $ 0.999
$ 720.97M
$ 720.97 million
-0.00%
46 Wrapped BTC (Wormhole) WBTC $ 81,001.17
$ 257.27M
$ 257.27 million
+0.66%
47 Binance Wrapped BTC BBTC $ 81,195.14
$ 235.47M
$ 235.47 million
+0.33%
48 Gate Wrapped BTC GTBTC $ 81,508.54
$ 187.44M
$ 187.44 million
+0.55%
49 Wrapped Fantom WFTM $ 0.0477
$ 104.39M
$ 104.39 million
-4.85%
50 TRON peg TRX $ 0.347
$ 103.79M
$ 103.79 million
-0.34%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.06B
$ 9.06 billion
+4.80%
Bitcoin BEP2 BTCB $ 80,024.80
$ 3.37B
$ 3.37 billion
+2.74%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+1.74%
Marinade staked SOL MSOL $ 133.01
$ 308.45M
$ 308.45 million
+1.39%
Binance-Peg XRP Token XRP $ 1.39
$ 317.86M
$ 317.86 million
+1.26%
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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