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 $ 2,277.72
$ 19.99B
$ 19.99 billion
-2.71%
2 Wrapped BTC WBTC $ 80,272.03
$ 11.02B
$ 11.02 billion
-1.83%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,810.05
$ 9.40B
$ 9.40 billion
-2.73%
4 Binance-Peg BSC-USD BSC-USD $ 0.822
$ 7.38B
$ 7.38 billion
-10.30%
5 Wrapped Ether WETH $ 2,276.54
$ 6.05B
$ 6.05 billion
-2.75%
6 Wrapped eETH weETH $ 2,491.97
$ 4.37B
$ 4.37 billion
-2.75%
7 Coinbase Wrapped BTC CBBTC $ 80,473.82
$ 3.31B
$ 3.31 billion
-1.86%
8 Bitcoin BEP2 BTCB $ 67,861.53
$ 2.86B
$ 2.86 billion
-9.05%
9 Wrapped BNB WBNB $ 570.65
$ 984.79M
$ 984.79 million
+3.46%
10 Binance Staked SOL BNSOL $ 104.81
$ 975.61M
$ 975.61 million
-3.41%
11 Jito Staked SOL JITOSOL $ 120.75
$ 958.69M
$ 958.69 million
-3.15%
12 Rocket Pool ETH RETH $ 2,649.89
$ 883.98M
$ 883.98 million
-2.64%
13 Lombard Staked Bitcoin LBTC $ 80,661.13
$ 854.94M
$ 854.94 million
-1.51%
14 Mantle Staked Ether METH $ 2,477.19
$ 563.58M
$ 563.58 million
-3.45%
15 tBTC v2 TBTC $ 80,391.99
$ 415.88M
$ 415.88 million
-1.80%
16 Bitcoin Avalanche Bridged BTC.b $ 80,425.03
$ 309.15M
$ 309.15 million
-1.93%
17 Marinade staked SOL MSOL $ 130.31
$ 302.16M
$ 302.16 million
-3.01%
18 Coinbase Wrapped Staked ETH CBETH $ 2,572.59
$ 300.65M
$ 300.65 million
-2.77%
19 Binance-Peg XRP Token XRP $ 1.22
$ 279.36M
$ 279.36 million
-6.18%
20 Wrapped Centrifuge CFG $ 0.280
$ 161.66M
$ 161.66 million
-7.73%
21 Wrapped AVAX WAVAX $ 9.79
$ 157.85M
$ 157.85 million
-4.16%
22 Wrapped Solana SOL $ 94.46
$ 141.86M
$ 141.86 million
-3.05%
23 Wrapped Matic WMATIC $ 0.0989
$ 14.08M
$ 14.08 million
-3.68%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+2.28%

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

25 Ethena Staked USDe sUSDe $ 3.84
$ 11.97B
$ 11.97 billion
+1.16%
26 Jupiter Staked SOL JUPSOL $ 112.09
$ 479.47M
$ 479.47 million
-3.16%
27 Solv BTC SOLVBTC $ 67,796.66
$ 436.73M
$ 436.73 million
-8.62%
28 BybitSOL BBSOL $ 108.73
$ 121.54M
$ 121.54 million
-3.03%
29 Coinbase Wrapped XRP CBXRP $ 1.43
$ 101.18M
$ 101.18 million
-3.12%
30 Wrapped TAO WTAO $ 308.60
$ 33.48M
$ 33.48 million
-4.41%
31 Wrapped NXM WNXM $ 58.38
$ 25.20M
$ 25.20 million
+0.84%
32 ckBTC ckBTC $ 79,673.87
$ 23.13M
$ 23.13 million
-4.14%
33 renBTC RENBTC $ 17,563.74
$ 5.35M
$ 5.35 million
-11.26%
34 Wrapped NCG WNCG $ 0.00565
$ 1.81M
$ 1.81 million
-0.01%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.88%
36 ckETH ckETH $ 2,259.05
$ 1.40M
$ 1.40 million
-4.17%
37 ckOCT CKOCT $ 0.00439
$ 77.79T
$ 77.79 trillion
+9.91%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,150.24
$ 34.70T
$ 34.70 trillion
-6.97%
39 Wrapped Banano WBAN $ 1,780.05
$ 65.99B
$ 65.99 billion
+6.47%
40 Wrapped BTC (BitGo) WBTC $ 80,105.71
$ 9.48B
$ 9.48 billion
-1.97%
41 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+0.14%
42 Wrapped Binance Beacon ETH WBETH $ 2,496.57
$ 3.09B
$ 3.09 billion
-2.63%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.883
$ 1.14B
$ 1.14 billion
+4.19%
44 USDC (Avalance) USDC $ 1.000
$ 720.72M
$ 720.72 million
+0.15%
45 Wrapped BTC (Wormhole) WBTC $ 80,293.45
$ 254.81M
$ 254.81 million
-1.87%
46 Binance Wrapped BTC BBTC $ 80,453.50
$ 233.32M
$ 233.32 million
-1.64%
47 Gate Wrapped BTC GTBTC $ 80,794.69
$ 185.78M
$ 185.78 million
-1.77%
48 TRON peg TRX $ 0.347
$ 103.68M
$ 103.68 million
-0.93%
49 Wrapped Fantom WFTM $ 0.0467
$ 102.07M
$ 102.07 million
-1.44%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+12.17%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 570.65
$ 984.79M
$ 984.79 million
+3.46%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+2.28%
Lombard Staked Bitcoin LBTC $ 80,661.13
$ 854.94M
$ 854.94 million
-1.51%
tBTC v2 TBTC $ 80,391.99
$ 415.88M
$ 415.88 million
-1.80%
Wrapped BTC WBTC $ 80,272.03
$ 11.02B
$ 11.02 billion
-1.83%
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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