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 $ 2,069.50
$ 18.26B
$ 18.26 billion
+1.44%
2 Wrapped BTC WBTC $ 70,328.94
$ 9.67B
$ 9.67 billion
+0.51%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.15%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,544.95
$ 8.13B
$ 8.13 billion
+1.48%
5 Wrapped eETH weETH $ 2,252.71
$ 6.41B
$ 6.41 billion
+1.41%
6 Wrapped Ether WETH $ 2,071.14
$ 5.51B
$ 5.51 billion
+1.40%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.04%
8 Coinbase Wrapped BTC CBBTC $ 70,496.06
$ 3.10B
$ 3.10 billion
+0.46%
9 Bitcoin BEP2 BTCB $ 70,462.74
$ 2.96B
$ 2.96 billion
+0.53%
10 Jito Staked SOL JITOSOL $ 110.43
$ 1.24B
$ 1.24 billion
+1.30%
11 Binance Staked SOL BNSOL $ 95.95
$ 941.27M
$ 941.27 million
+1.05%
12 Wrapped BNB WBNB $ 652.07
$ 919.02M
$ 919.02 million
+1.50%
13 Rocket Pool ETH RETH $ 2,400.23
$ 861.41M
$ 861.41 million
+1.42%
14 Lombard Staked Bitcoin LBTC $ 70,687.08
$ 747.61M
$ 747.61 million
+0.76%
15 Solv BTC SOLVBTC $ 70,424.64
$ 454.54M
$ 454.54 million
+0.56%
16 Jupiter Staked SOL JUPSOL $ 102.46
$ 429.12M
$ 429.12 million
+1.30%
17 tBTC v2 TBTC $ 70,439.95
$ 416.51M
$ 416.51 million
+0.63%
18 Binance-Peg XRP Token XRP $ 1.39
$ 341.59M
$ 341.59 million
+0.46%
19 Coinbase Wrapped Staked ETH CBETH $ 2,328.63
$ 292.78M
$ 292.78 million
+1.35%
20 Bitcoin Avalanche Bridged BTC.b $ 70,590.66
$ 271.65M
$ 271.65 million
+0.81%
21 Marinade staked SOL MSOL $ 118.93
$ 247.86M
$ 247.86 million
+1.32%
22 Wrapped Solana SOL $ 87.25
$ 163.09M
$ 163.09 million
+1.21%
23 Wrapped AVAX WAVAX $ 9.68
$ 136.65M
$ 136.65 million
+0.99%
24 BybitSOL BBSOL $ 99.00
$ 116.36M
$ 116.36 million
+0.77%
25 Wrapped Centrifuge CFG $ 0.132
$ 76.24M
$ 76.24 million
-5.22%
26 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.64M
$ 29.64 million
+0.26%
27 Wrapped TAO WTAO $ 201.46
$ 23.86M
$ 23.86 million
+0.03%
28 Wrapped Matic WMATIC $ 0.0979
$ 13.94M
$ 13.94 million
+1.17%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.13%
30 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
+1.19%

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

31 Mantle Staked Ether METH $ 2,250.59
$ 479.16M
$ 479.16 million
+1.57%
32 ckBTC ckBTC $ 70,710.15
$ 33.38M
$ 33.38 million
+1.03%
33 Wrapped NXM WNXM $ 51.97
$ 25.13M
$ 25.13 million
-0.26%
34 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+0.73%
35 ckETH ckETH $ 2,073.01
$ 1.28M
$ 1.28 million
+1.27%
36 renBTC RENBTC $ 3,628.42
$ 1.10M
$ 1.10 million
+6.06%
37 ckOCT CKOCT $ 0.00404
$ 71.59T
$ 71.59 trillion
+26.16%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,969.29
$ 44.43T
$ 44.43 trillion
-3.68%
39 Wrapped DOGE WDOGE $ 0.110
$ 14.19B
$ 14.19 billion
+1.75%
40 Wrapped BTC (BitGo) WBTC $ 70,495.47
$ 8.44B
$ 8.44 billion
--%
41 USDC (BASE) USDC $ 1.000
$ 4.35B
$ 4.35 billion
+0.07%
42 Wrapped Binance Beacon ETH WBETH $ 2,260.30
$ 2.94B
$ 2.94 billion
+1.35%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.13%
44 USDC (Avalance) USDC $ 0.996
$ 718.78M
$ 718.78 million
-0.45%
45 Wrapped BTC (Wormhole) WBTC $ 70,343.54
$ 281.19M
$ 281.19 million
+0.61%
46 Binance Wrapped BTC BBTC $ 70,503.37
$ 204.46M
$ 204.46 million
+0.70%
47 Gate Wrapped BTC GTBTC $ 70,700.35
$ 162.58M
$ 162.58 million
+0.38%
48 TRON peg TRX $ 0.291
$ 86.89M
$ 86.89 million
+2.71%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,202.65
$ 69.19M
$ 69.19 million
+1.93%
50 Cardano AP3X Token cAP3X $ 0.0198
$ 59.30M
$ 59.30 million
-5.38%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 652.07
$ 919.02M
$ 919.02 million
+1.50%
Wrapped liquid staked Ether 2.0 wstETH $ 2,544.95
$ 8.13B
$ 8.13 billion
+1.48%
Lido Staked Ether stETH $ 2,069.50
$ 18.26B
$ 18.26 billion
+1.44%
Rocket Pool ETH RETH $ 2,400.23
$ 861.41M
$ 861.41 million
+1.42%
Wrapped eETH weETH $ 2,252.71
$ 6.41B
$ 6.41 billion
+1.41%
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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