Wrapped coins

3 coins #18

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 $ 1,967.15
$ 17.35B
$ 17.35 billion
-1.18%
2 Binance-Peg BSC-USD BSC-USD $ 1.42
$ 12.74B
$ 12.74 billion
+41.81%
3 Wrapped BTC WBTC $ 66,706.32
$ 9.17B
$ 9.17 billion
-0.96%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,409.47
$ 7.69B
$ 7.69 billion
-1.30%
5 Wrapped eETH weETH $ 2,136.85
$ 6.08B
$ 6.08 billion
-1.17%
6 Wrapped Ether WETH $ 1,970.82
$ 5.24B
$ 5.24 billion
-1.18%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.14%
8 Bitcoin BEP2 BTCB $ 89,645.67
$ 3.49B
$ 3.49 billion
+33.14%
9 Coinbase Wrapped BTC CBBTC $ 66,902.57
$ 2.94B
$ 2.94 billion
-0.85%
10 Jito Staked SOL JITOSOL $ 103.06
$ 1.16B
$ 1.16 billion
-3.68%
11 Wrapped BNB WBNB $ 816.17
$ 1.15B
$ 1.15 billion
+31.90%
12 Binance Staked SOL BNSOL $ 89.65
$ 879.51M
$ 879.51 million
-4.07%
13 Rocket Pool ETH RETH $ 2,273.41
$ 815.89M
$ 815.89 million
-1.68%
14 Lombard Staked Bitcoin LBTC $ 66,902.13
$ 708.11M
$ 708.11 million
-1.19%
15 tBTC v2 TBTC $ 66,679.68
$ 394.27M
$ 394.27 million
-0.98%
16 Marinade staked SOL MSOL $ 111.33
$ 281.74M
$ 281.74 million
-3.44%
17 Coinbase Wrapped Staked ETH CBETH $ 2,209.80
$ 277.84M
$ 277.84 million
-1.38%
18 Wrapped Solana SOL $ 81.87
$ 153.05M
$ 153.05 million
-3.57%
19 Wrapped AVAX WAVAX $ 8.91
$ 147.44M
$ 147.44 million
-2.48%
20 Wrapped Centrifuge CFG $ 0.0820
$ 47.12M
$ 47.12 million
-2.68%
21 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.31M
$ 30.31 million
-3.66%
22 Wrapped TAO WTAO $ 183.56
$ 21.74M
$ 21.74 million
-4.63%
23 Wrapped Matic WMATIC $ 0.108
$ 15.35M
$ 15.35 million
-0.34%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.03%

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

25 Wrapped TRON WTRX $ 0.280
$ 3.59B
$ 3.59 billion
-0.47%
26 Solv BTC SOLVBTC $ 89,498.68
$ 614.53M
$ 614.53 million
+33.14%
27 Mantle Staked Ether METH $ 2,142.92
$ 456.26M
$ 456.26 million
+0.01%
28 Jupiter Staked SOL JUPSOL $ 95.57
$ 400.27M
$ 400.27 million
-3.51%
29 Binance-Peg XRP Token XRP $ 1.40
$ 343.04M
$ 343.04 million
-5.19%
30 Bitcoin Avalanche Bridged BTC.b $ 66,525.90
$ 255.72M
$ 255.72 million
-1.19%
31 BybitSOL BBSOL $ 92.73
$ 109.35M
$ 109.35 million
-3.85%
32 ckBTC ckBTC $ 66,099.10
$ 31.20M
$ 31.20 million
-2.30%
33 Wrapped NXM WNXM $ 51.23
$ 24.72M
$ 24.72 million
-1.91%
34 ckUSDC CKUSDC $ 0.995
$ 1.85M
$ 1.85 million
-0.58%
35 Wrapped NCG WNCG $ 0.00577
$ 1.85M
$ 1.85 million
-2.20%
36 ckETH ckETH $ 1,947.28
$ 1.20M
$ 1.20 million
-2.40%
37 renBTC RENBTC $ 3,132.97
$ 953,983
$ 953,983
-0.79%
38 ckOCT CKOCT $ 0.00416
$ 73.77T
$ 73.77 trillion
-24.33%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,965.77
$ 44.40T
$ 44.40 trillion
-0.19%
40 Wrapped DOGE WDOGE $ 0.114
$ 14.71B
$ 14.71 billion
+0.57%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.11%
42 Wrapped Binance Beacon ETH WBETH $ 2,147.28
$ 2.79B
$ 2.79 billion
-1.33%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.37
$ 1.76B
$ 1.76 billion
+36.85%
44 USDC (Avalance) USDC $ 1.00
$ 721.79M
$ 721.79 million
+0.19%
45 Wrapped BTC (Wormhole) WBTC $ 66,630.78
$ 266.31M
$ 266.31 million
-1.01%
46 Binance Wrapped BTC BBTC $ 66,674.78
$ 193.36M
$ 193.36 million
-1.01%
47 Gate Wrapped BTC GTBTC $ 67,111.81
$ 154.33M
$ 154.33 million
-0.83%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.52M
$ 122.52 million
+1.15%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,078.56
$ 65.29M
$ 65.29 million
-2.05%
50 Binance-Peg Bitcoin Cash Token BCH $ 557.52
$ 53.80M
$ 53.80 million
-1.08%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.42
$ 12.74B
$ 12.74 billion
+41.81%
Bitcoin BEP2 BTCB $ 89,645.67
$ 3.49B
$ 3.49 billion
+33.14%
Wrapped BNB WBNB $ 816.17
$ 1.15B
$ 1.15 billion
+31.90%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.14%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.03%
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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