Coinranking
Wrapped coins
222 coins #19| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 1 |  Lido Staked Ether stETH | $ | -1.76%  | |
| | 2 |  Binance-Peg BSC-USD BSC-USD | $ | +0.01%  | |
| | 3 |  Wrapped BTC WBTC | $ | -0.76%  | |
| | 4 |  Wrapped liquid staked Ether 2.0 wstETH | $ | -1.70%  | |
| | 5 |  Wrapped Ether WETH | $ | -1.75%  | |
| | 6 |  Wrapped eETH weETH | $ | -1.73%  | |
| | 7 |  Coinbase Wrapped BTC CBBTC | $ | -0.80%  | |
| | 8 |  Bitcoin BEP2 BTCB | $ | -0.82%  | |
| | 9 |  Wrapped BNB WBNB | $ | -0.31%  | |
| | 10 |  Binance Staked SOL BNSOL | $ | -3.70%  | |
| | 11 |  Lombard Staked Bitcoin LBTC | $ | -0.59%  | |
| | 12 |  Jito Staked SOL JITOSOL | $ | -3.60%  | |
| | 13 |  Rocket Pool ETH RETH | $ | -1.96%  | |
| | 14 |  tBTC v2 TBTC | $ | -0.81%  | |
| | 15 |  Binance-Peg XRP Token XRP | $ | -1.40%  | |
| | 16 |  Bitcoin Avalanche Bridged BTC.b | $ | -0.85%  | |
| | 17 |  Coinbase Wrapped Staked ETH CBETH | $ | -1.69%  | |
| | 18 |  Marinade staked SOL MSOL | $ | -3.64%  | |
| | 19 |  Wrapped Centrifuge CFG | $ | -1.63%  | |
| | 20 |  Wrapped AVAX WAVAX | $ | -3.37%  | |
| | 21 |  Wrapped Solana SOL | $ | -3.77%  | |
| | 22 |  Coinbase Wrapped XRP CBXRP | $ | -1.45%  | |
| | 23 |  Wrapped Matic WMATIC | $ | -1.75%  | |
| | 24 |  Axelar Wrapped USDC AXLUSDC | $ | -0.12%  | |
| | 25 |  Wrapped NCG WNCG | $ | -2.47%  | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 26 |  Ethena Staked USDe sUSDe | $ | -0.59%  | |
| | 27 |  Wrapped TRON WTRX | $ | +0.78%  | |
| | 28 |  Solv BTC SOLVBTC | $ | -0.51%  | |
| | 29 |  Mantle Staked Ether METH | $ | -1.15%  | |
| | 30 |  Jupiter Staked SOL JUPSOL | $ | -3.58%  | |
| | 31 |  BybitSOL BBSOL | $ | -3.83%  | |
| | 32 |  Wrapped TAO WTAO | $ | -0.97%  | |
| | 33 |  Wrapped NXM WNXM | $ | +0.53%  | |
| | 34 |  ckBTC ckBTC | $ | -0.17%  | |
| | 35 |  renBTC RENBTC | $ | -3.66%  | |
| | 36 |  ckUSDC CKUSDC | $ | -0.17%  | |
| | 37 |  ckETH ckETH | $ | -1.52%  | |
| | 38 |  Wrapped BTC (BitGo) WBTC | $ | -0.49%  | |
| | 39 |  USDC (BASE) USDC | $ | -0.11%  | |
| | 40 |  Wrapped Binance Beacon ETH WBETH | $ | -1.80%  | |
| | 41 |  Binance-Peg USD Coin (BNB Smart Chain) USDC | $ | +0.19%  | |
| | 42 |  USDC (Avalance) USDC | $ | -0.23%  | |
| | 43 |  Wrapped BTC (Wormhole) WBTC | $ | -0.67%  | |
| | 44 |  Binance Wrapped BTC BBTC | $ | -0.58%  | |
| | 45 |  Gate Wrapped BTC GTBTC | $ | -0.89%  | |
| | 46 |  TRON peg TRX | $ | +0.52%  | |
| | 47 |  Wrapped Fantom WFTM | $ | +0.78%  | |
| | 48 |  Kelp DAO Wrapped rsETH WRSETH | $ | -1.94%  | |
| | 49 |  Bitget Wrapped BTC BGBTC | $ | -0.72%  | |
| | 50 |  Wrapped BTC WBTC.E | $ | -0.81%  | |
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Trending Wrapped coins
| Coins | Live Price | 24h |
|---|
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | Binance-Peg BSC-USD BSC-USD | $ | +0.01% | ||
| | Axelar Wrapped USDC AXLUSDC | $ | -0.12% | ||
| | Wrapped BNB WBNB | $ | -0.31% | ||
| | Lombard Staked Bitcoin LBTC | $ | -0.59% | ||
| | Wrapped BTC WBTC | $ | -0.76% | ||
| 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
- Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
- Custody locks the asset in a multi-sig or MPC vault; emits event.
- Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
- Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
- 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.