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 $ 2,219.41
$ 19.45B
$ 19.45 billion
-3.46%
2 Wrapped BTC WBTC $ 78,890.08
$ 10.83B
$ 10.83 billion
-2.84%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,743.34
$ 9.20B
$ 9.20 billion
-3.21%
4 Binance-Peg BSC-USD BSC-USD $ 0.935
$ 8.40B
$ 8.40 billion
-14.51%
5 Wrapped Ether WETH $ 2,219.26
$ 5.90B
$ 5.90 billion
-3.46%
6 Wrapped eETH weETH $ 2,430.30
$ 4.23B
$ 4.23 billion
-3.13%
7 Bitcoin BEP2 BTCB $ 75,545.67
$ 3.18B
$ 3.18 billion
-14.22%
8 Coinbase Wrapped BTC CBBTC $ 79,088.09
$ 3.13B
$ 3.13 billion
-2.90%
9 Wrapped BNB WBNB $ 659.67
$ 1.14B
$ 1.14 billion
-6.87%
10 Binance Staked SOL BNSOL $ 99.07
$ 985.48M
$ 985.48 million
-3.73%
11 Jito Staked SOL JITOSOL $ 114.12
$ 906.09M
$ 906.09 million
-3.74%
12 Rocket Pool ETH RETH $ 2,587.49
$ 863.14M
$ 863.14 million
-3.19%
13 Lombard Staked Bitcoin LBTC $ 79,480.06
$ 842.49M
$ 842.49 million
-2.62%
14 Mantle Staked Ether METH $ 2,420.89
$ 550.77M
$ 550.77 million
-3.36%
15 Jupiter Staked SOL JUPSOL $ 106.01
$ 454.66M
$ 454.66 million
-3.68%
16 tBTC v2 TBTC $ 79,007.83
$ 405.49M
$ 405.49 million
-2.82%
17 Binance-Peg XRP Token XRP $ 1.41
$ 321.36M
$ 321.36 million
-10.19%
18 Bitcoin Avalanche Bridged BTC.b $ 79,098.45
$ 304.05M
$ 304.05 million
-2.72%
19 Coinbase Wrapped Staked ETH CBETH $ 2,509.37
$ 293.29M
$ 293.29 million
-3.37%
20 Marinade staked SOL MSOL $ 122.91
$ 285.03M
$ 285.03 million
-3.83%
21 Wrapped Centrifuge CFG $ 0.272
$ 156.62M
$ 156.62 million
-5.40%
22 Wrapped AVAX WAVAX $ 9.53
$ 153.73M
$ 153.73 million
-4.37%
23 Wrapped Solana SOL $ 89.23
$ 133.85M
$ 133.85 million
-3.77%
24 Wrapped NXM WNXM $ 56.44
$ 24.36M
$ 24.36 million
-3.33%
25 Wrapped Matic WMATIC $ 0.0905
$ 12.88M
$ 12.88 million
-4.77%
26 Axelar Wrapped USDC AXLUSDC $ 0.971
$ 2.36M
$ 2.36 million
-2.69%

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

27 Ethena Staked USDe sUSDe $ 3.68
$ 11.47B
$ 11.47 billion
-2.27%
28 Solv BTC SOLVBTC $ 76,957.92
$ 495.56M
$ 495.56 million
-6.61%
29 BybitSOL BBSOL $ 102.60
$ 117.21M
$ 117.21 million
-3.80%
30 Coinbase Wrapped XRP CBXRP $ 1.43
$ 104.36M
$ 104.36 million
-4.62%
31 Wrapped TAO WTAO $ 270.29
$ 29.32M
$ 29.32 million
-12.10%
32 ckBTC ckBTC $ 79,539.55
$ 15.30M
$ 15.30 million
-1.76%
33 renBTC RENBTC $ 18,522.30
$ 5.64M
$ 5.64 million
-3.62%
34 ckUSDC CKUSDC $ 0.997
$ 2.04M
$ 2.04 million
-0.12%
35 Wrapped NCG WNCG $ 0.00579
$ 1.85M
$ 1.85 million
-2.54%
36 ckETH ckETH $ 2,217.76
$ 1.37M
$ 1.37 million
-2.95%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,614.86
$ 31.10T
$ 31.10 trillion
-3.16%
38 Wrapped Banano WBAN $ 1,942.67
$ 72.02B
$ 72.02 billion
+388.51M%
39 Wrapped DOGE WDOGE $ 0.112
$ 14.44B
$ 14.44 billion
-4.00%
40 Wrapped BTC (BitGo) WBTC $ 78,616.14
$ 9.31B
$ 9.31 billion
-2.90%
41 USDC (BASE) USDC $ 0.858
$ 3.74B
$ 3.74 billion
-13.86%
42 Wrapped Binance Beacon ETH WBETH $ 2,431.17
$ 3.01B
$ 3.01 billion
-3.49%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.966
$ 1.24B
$ 1.24 billion
-7.29%
44 USDC (Avalance) USDC $ 0.908
$ 655.10M
$ 655.10 million
-9.10%
45 Wrapped BTC (Wormhole) WBTC $ 78,895.71
$ 250.37M
$ 250.37 million
-2.89%
46 Binance Wrapped BTC BBTC $ 79,125.57
$ 229.46M
$ 229.46 million
-2.81%
47 Gate Wrapped BTC GTBTC $ 79,423.52
$ 182.64M
$ 182.64 million
-2.75%
48 Wrapped Fantom WFTM $ 0.0547
$ 119.58M
$ 119.58 million
-3.32%
49 TRON peg TRX $ 0.351
$ 104.86M
$ 104.86 million
-0.69%
50 Wrapped DAG WDAG $ 0.0198
$ 73.67M
$ 73.67 million
-8.91%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Lombard Staked Bitcoin LBTC $ 79,480.06
$ 842.49M
$ 842.49 million
-2.62%
Axelar Wrapped USDC AXLUSDC $ 0.971
$ 2.36M
$ 2.36 million
-2.69%
Bitcoin Avalanche Bridged BTC.b $ 79,098.45
$ 304.05M
$ 304.05 million
-2.72%
tBTC v2 TBTC $ 79,007.83
$ 405.49M
$ 405.49 million
-2.82%
Wrapped BTC WBTC $ 78,890.08
$ 10.83B
$ 10.83 billion
-2.84%
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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