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 $ 2,260.07
$ 19.81B
$ 19.81 billion
-1.11%
2 Wrapped BTC WBTC $ 79,469.00
$ 10.91B
$ 10.91 billion
-1.35%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,789.49
$ 9.34B
$ 9.34 billion
-1.12%
4 Binance-Peg BSC-USD BSC-USD $ 0.966
$ 8.68B
$ 8.68 billion
+17.55%
5 Wrapped Ether WETH $ 2,261.07
$ 6.01B
$ 6.01 billion
-1.08%
6 Wrapped eETH weETH $ 2,470.38
$ 4.33B
$ 4.33 billion
-1.22%
7 Bitcoin BEP2 BTCB $ 75,469.63
$ 3.19B
$ 3.19 billion
+12.73%
8 Coinbase Wrapped BTC CBBTC $ 79,646.75
$ 3.18B
$ 3.18 billion
-1.36%
9 Wrapped BNB WBNB $ 579.74
$ 1.00B
$ 1.00 billion
+2.21%
10 Binance Staked SOL BNSOL $ 101.24
$ 941.75M
$ 941.75 million
-4.10%
11 Jito Staked SOL JITOSOL $ 116.34
$ 923.71M
$ 923.71 million
-3.92%
12 Rocket Pool ETH RETH $ 2,630.96
$ 876.80M
$ 876.80 million
-1.14%
13 Lombard Staked Bitcoin LBTC $ 79,771.42
$ 845.34M
$ 845.34 million
-1.52%
14 tBTC v2 TBTC $ 79,502.39
$ 412.39M
$ 412.39 million
-1.45%
15 Bitcoin Avalanche Bridged BTC.b $ 79,609.07
$ 306.00M
$ 306.00 million
-1.56%
16 Coinbase Wrapped Staked ETH CBETH $ 2,555.42
$ 298.62M
$ 298.62 million
-1.07%
17 Binance-Peg XRP Token XRP $ 1.30
$ 296.68M
$ 296.68 million
+7.86%
18 Marinade staked SOL MSOL $ 125.41
$ 290.72M
$ 290.72 million
-3.99%
19 Wrapped Centrifuge CFG $ 0.274
$ 158.22M
$ 158.22 million
-2.14%
20 Wrapped AVAX WAVAX $ 9.75
$ 157.22M
$ 157.22 million
-1.32%
21 Wrapped Solana SOL $ 91.14
$ 136.69M
$ 136.69 million
-3.87%
22 Wrapped Matic WMATIC $ 0.0971
$ 13.82M
$ 13.82 million
-1.62%
23 Axelar Wrapped USDC AXLUSDC $ 0.988
$ 2.45M
$ 2.45 million
-1.01%
24 Wrapped NCG WNCG $ 0.00568
$ 1.82M
$ 1.82 million
+1.00%

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

25 Ethena Staked USDe sUSDe $ 3.81
$ 11.88B
$ 11.88 billion
-1.07%
26 Mantle Staked Ether METH $ 2,461.22
$ 559.91M
$ 559.91 million
-1.25%
27 Jupiter Staked SOL JUPSOL $ 107.97
$ 462.62M
$ 462.62 million
-4.03%
28 Solv BTC SOLVBTC $ 66,882.25
$ 430.84M
$ 430.84 million
-0.21%
29 BybitSOL BBSOL $ 104.93
$ 118.24M
$ 118.24 million
-3.88%
30 Coinbase Wrapped XRP CBXRP $ 1.42
$ 100.64M
$ 100.64 million
-1.03%
31 Wrapped TAO WTAO $ 294.90
$ 31.99M
$ 31.99 million
-5.28%
32 Wrapped NXM WNXM $ 56.84
$ 24.66M
$ 24.66 million
-2.45%
33 ckBTC ckBTC $ 78,965.32
$ 22.92M
$ 22.92 million
-1.08%
34 renBTC RENBTC $ 16,203.47
$ 4.93M
$ 4.93 million
-14.53%
35 ckUSDC CKUSDC $ 1.000
$ 1.58M
$ 1.58 million
+0.03%
36 ckETH ckETH $ 2,242.74
$ 1.39M
$ 1.39 million
-1.03%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,547.04
$ 37.38T
$ 37.38 trillion
+10.35%
38 Wrapped DOGE WDOGE $ 0.113
$ 14.62B
$ 14.62 billion
+2.64%
39 Wrapped BTC (BitGo) WBTC $ 79,131.03
$ 9.36B
$ 9.36 billion
-2.12%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+0.57%
41 Wrapped Binance Beacon ETH WBETH $ 2,478.88
$ 3.07B
$ 3.07 billion
-1.07%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.930
$ 1.19B
$ 1.19 billion
+12.08%
43 USDC (Avalance) USDC $ 0.998
$ 719.88M
$ 719.88 million
+0.16%
44 Wrapped BTC (Wormhole) WBTC $ 79,407.52
$ 251.96M
$ 251.96 million
-1.41%
45 Binance Wrapped BTC BBTC $ 79,603.14
$ 230.85M
$ 230.85 million
-1.42%
46 Gate Wrapped BTC GTBTC $ 79,935.53
$ 183.82M
$ 183.82 million
-1.35%
47 TRON peg TRX $ 0.350
$ 104.45M
$ 104.45 million
+0.73%
48 Wrapped Fantom WFTM $ 0.0470
$ 102.68M
$ 102.68 million
+1.93%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,372.08
$ 74.51M
$ 74.51 million
+7.60%
50 Wrapped DAG WDAG $ 0.0196
$ 72.83M
$ 72.83 million
+1.42%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 0.966
$ 8.68B
$ 8.68 billion
+17.55%
Bitcoin BEP2 BTCB $ 75,469.63
$ 3.19B
$ 3.19 billion
+12.73%
Binance-Peg XRP Token XRP $ 1.30
$ 296.68M
$ 296.68 million
+7.86%
Wrapped BNB WBNB $ 579.74
$ 1.00B
$ 1.00 billion
+2.21%
Wrapped NCG WNCG $ 0.00568
$ 1.82M
$ 1.82 million
+1.00%
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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