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 $ 2,229.38
$ 19.54B
$ 19.54 billion
-2.06%
2 Wrapped BTC WBTC $ 78,927.63
$ 10.84B
$ 10.84 billion
-2.31%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,751.34
$ 9.23B
$ 9.23 billion
-1.91%
4 Binance-Peg BSC-USD BSC-USD $ 0.961
$ 8.64B
$ 8.64 billion
-6.52%
5 Wrapped Ether WETH $ 2,228.92
$ 5.93B
$ 5.93 billion
-1.89%
6 Wrapped eETH weETH $ 2,440.66
$ 4.25B
$ 4.25 billion
-1.84%
7 Bitcoin BEP2 BTCB $ 77,575.19
$ 3.27B
$ 3.27 billion
-6.14%
8 Coinbase Wrapped BTC CBBTC $ 79,161.63
$ 3.13B
$ 3.13 billion
-2.32%
9 Wrapped BNB WBNB $ 660.50
$ 1.14B
$ 1.14 billion
-4.21%
10 Binance Staked SOL BNSOL $ 99.20
$ 986.74M
$ 986.74 million
-3.04%
11 Jito Staked SOL JITOSOL $ 114.11
$ 906.01M
$ 906.01 million
-3.06%
12 Rocket Pool ETH RETH $ 2,593.83
$ 865.25M
$ 865.25 million
-1.96%
13 Lombard Staked Bitcoin LBTC $ 79,389.18
$ 841.39M
$ 841.39 million
-2.39%
14 Mantle Staked Ether METH $ 2,432.55
$ 553.42M
$ 553.42 million
-2.01%
15 Jupiter Staked SOL JUPSOL $ 105.98
$ 454.50M
$ 454.50 million
-3.01%
16 tBTC v2 TBTC $ 79,000.26
$ 405.46M
$ 405.46 million
-2.52%
17 Binance-Peg XRP Token XRP $ 1.45
$ 332.16M
$ 332.16 million
-4.95%
18 Bitcoin Avalanche Bridged BTC.b $ 79,056.33
$ 303.88M
$ 303.88 million
-2.49%
19 Coinbase Wrapped Staked ETH CBETH $ 2,520.37
$ 294.56M
$ 294.56 million
-1.82%
20 Marinade staked SOL MSOL $ 122.99
$ 285.18M
$ 285.18 million
-3.05%
21 Wrapped Centrifuge CFG $ 0.270
$ 155.73M
$ 155.73 million
-4.99%
22 Wrapped AVAX WAVAX $ 9.53
$ 153.75M
$ 153.75 million
-3.66%
23 Wrapped Solana SOL $ 89.27
$ 133.90M
$ 133.90 million
-2.95%
24 Wrapped Matic WMATIC $ 0.0914
$ 13.01M
$ 13.01 million
-2.88%
25 Axelar Wrapped USDC AXLUSDC $ 0.982
$ 2.38M
$ 2.38 million
-2.68%
26 Wrapped NCG WNCG $ 0.00578
$ 1.85M
$ 1.85 million
-2.04%

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

27 Ethena Staked USDe sUSDe $ 3.70
$ 11.54B
$ 11.54 billion
-1.65%
28 Solv BTC SOLVBTC $ 80,477.04
$ 518.22M
$ 518.22 million
-2.84%
29 BybitSOL BBSOL $ 102.54
$ 117.91M
$ 117.91 million
-3.06%
30 Coinbase Wrapped XRP CBXRP $ 1.44
$ 104.76M
$ 104.76 million
-3.20%
31 Wrapped TAO WTAO $ 284.72
$ 30.89M
$ 30.89 million
-6.69%
32 Wrapped NXM WNXM $ 56.66
$ 24.48M
$ 24.48 million
-0.84%
33 ckBTC ckBTC $ 77,875.95
$ 14.98M
$ 14.98 million
-3.24%
34 renBTC RENBTC $ 18,286.01
$ 5.57M
$ 5.57 million
+11.41%
35 ckUSDC CKUSDC $ 1.00
$ 2.04M
$ 2.04 million
-0.07%
36 ckETH ckETH $ 2,217.69
$ 1.37M
$ 1.37 million
-2.05%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,638.51
$ 31.26T
$ 31.26 trillion
-2.53%
38 Wrapped Banano WBAN $ 1,953.85
$ 72.44B
$ 72.44 billion
+375.23M%
39 Wrapped DOGE WDOGE $ 0.113
$ 14.58B
$ 14.58 billion
-3.06%
40 Wrapped BTC (BitGo) WBTC $ 79,061.76
$ 9.36B
$ 9.36 billion
-2.57%
41 USDC (BASE) USDC $ 0.825
$ 3.58B
$ 3.58 billion
-17.48%
42 Wrapped Binance Beacon ETH WBETH $ 2,445.37
$ 3.03B
$ 3.03 billion
-1.87%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.956
$ 1.23B
$ 1.23 billion
-5.66%
44 USDC (Avalance) USDC $ 0.953
$ 687.72M
$ 687.72 million
-4.53%
45 Wrapped BTC (Wormhole) WBTC $ 78,995.92
$ 250.69M
$ 250.69 million
-2.32%
46 Binance Wrapped BTC BBTC $ 79,111.71
$ 229.42M
$ 229.42 million
-2.57%
47 Gate Wrapped BTC GTBTC $ 79,401.27
$ 182.59M
$ 182.59 million
-2.35%
48 Wrapped Fantom WFTM $ 0.0538
$ 117.67M
$ 117.67 million
-2.87%
49 TRON peg TRX $ 0.351
$ 104.83M
$ 104.83 million
-0.55%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,367.87
$ 74.38M
$ 74.38 million
+8.63%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Coinbase Wrapped Staked ETH CBETH $ 2,520.37
$ 294.56M
$ 294.56 million
-1.82%
Wrapped eETH weETH $ 2,440.66
$ 4.25B
$ 4.25 billion
-1.84%
Wrapped Ether WETH $ 2,228.92
$ 5.93B
$ 5.93 billion
-1.89%
Wrapped liquid staked Ether 2.0 wstETH $ 2,751.34
$ 9.23B
$ 9.23 billion
-1.91%
Rocket Pool ETH RETH $ 2,593.83
$ 865.25M
$ 865.25 million
-1.96%
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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