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 $ 2,172.31
$ 19.16B
$ 19.16 billion
+9.66%
2 Wrapped BTC WBTC $ 73,262.60
$ 10.07B
$ 10.07 billion
+7.52%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.08%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,662.62
$ 8.50B
$ 8.50 billion
+9.37%
5 Wrapped eETH weETH $ 2,367.23
$ 6.73B
$ 6.73 billion
+9.45%
6 Wrapped Ether WETH $ 2,169.26
$ 5.77B
$ 5.77 billion
+9.47%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.33%
8 Coinbase Wrapped BTC CBBTC $ 73,506.93
$ 3.23B
$ 3.23 billion
+7.63%
9 Bitcoin BEP2 BTCB $ 73,439.17
$ 3.09B
$ 3.09 billion
+7.47%
10 Jito Staked SOL JITOSOL $ 117.69
$ 1.32B
$ 1.32 billion
+9.43%
11 Wrapped BNB WBNB $ 661.53
$ 932.23M
$ 932.23 million
+4.70%
12 Rocket Pool ETH RETH $ 2,521.50
$ 904.93M
$ 904.93 million
+9.55%
13 Lombard Staked Bitcoin LBTC $ 73,574.77
$ 777.78M
$ 777.78 million
+7.26%
14 Mantle Staked Ether METH $ 2,376.03
$ 505.90M
$ 505.90 million
+10.33%
15 Solv BTC SOLVBTC $ 73,573.87
$ 480.17M
$ 480.17 million
+7.39%
16 tBTC v2 TBTC $ 73,400.86
$ 434.01M
$ 434.01 million
+7.22%
17 Binance-Peg XRP Token XRP $ 1.45
$ 357.02M
$ 357.02 million
+6.90%
18 Marinade staked SOL MSOL $ 126.86
$ 321.05M
$ 321.05 million
+9.45%
19 Coinbase Wrapped Staked ETH CBETH $ 2,436.43
$ 306.35M
$ 306.35 million
+9.36%
20 Bitcoin Avalanche Bridged BTC.b $ 73,658.33
$ 283.11M
$ 283.11 million
+7.62%
21 Wrapped Solana SOL $ 92.94
$ 173.72M
$ 173.72 million
+9.42%
22 Wrapped AVAX WAVAX $ 9.70
$ 160.43M
$ 160.43 million
+5.48%
23 BybitSOL BBSOL $ 105.74
$ 125.34M
$ 125.34 million
+9.66%
24 Wrapped Centrifuge CFG $ 0.142
$ 81.88M
$ 81.88 million
+21.66%
25 Coinbase Wrapped XRP CBXRP $ 1.46
$ 31.11M
$ 31.11 million
+6.97%
26 Wrapped NXM WNXM $ 55.66
$ 26.92M
$ 26.92 million
+8.75%
27 Wrapped Matic WMATIC $ 0.105
$ 14.88M
$ 14.88 million
+3.91%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.05%

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

29 Binance Staked SOL BNSOL $ 102.31
$ 1.00B
$ 1.00 billion
+9.64%
30 Jupiter Staked SOL JUPSOL $ 109.28
$ 457.68M
$ 457.68 million
+9.18%
31 ckBTC ckBTC $ 72,472.00
$ 34.23M
$ 34.23 million
+6.29%
32 Wrapped TAO WTAO $ 195.59
$ 23.16M
$ 23.16 million
+5.82%
33 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.00%
34 Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
+1.47%
35 ckETH ckETH $ 2,159.77
$ 1.34M
$ 1.34 million
+8.81%
36 renBTC RENBTC $ 3,292.06
$ 1.00M
$ 1.00 million
+8.61%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,775.65
$ 42.70T
$ 42.70 trillion
-7.25%
38 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.08%
39 Wrapped Binance Beacon ETH WBETH $ 2,366.28
$ 3.08B
$ 3.08 billion
+9.39%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.05%
41 USDC (Avalance) USDC $ 1.00
$ 722.72M
$ 722.72 million
+0.10%
42 Wrapped BTC (Wormhole) WBTC $ 73,265.51
$ 293.16M
$ 293.16 million
+7.47%
43 Binance Wrapped BTC BBTC $ 73,683.22
$ 213.68M
$ 213.68 million
+7.45%
44 Gate Wrapped BTC GTBTC $ 73,558.35
$ 169.13M
$ 169.13 million
+7.34%
45 TRON peg TRX $ 0.287
$ 85.76M
$ 85.76 million
+2.31%
46 Kelp DAO Wrapped rsETH WRSETH $ 2,321.56
$ 72.92M
$ 72.92 million
+10.21%
47 Binance-Peg Bitcoin Cash Token BCH $ 471.61
$ 45.51M
$ 45.51 million
+7.60%
48 Wrapped BTC WBTC.E $ 73,493.02
$ 32.19M
$ 32.19 million
+7.48%
49 ETH by Sui Bridge ETH $ 2,190.80
$ 30.13M
$ 30.13 million
+10.59%
50 Wrapped XRP WXRP $ 1.48
$ 26.49M
$ 26.49 million
+8.34%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.142
$ 81.88M
$ 81.88 million
+21.66%
Mantle Staked Ether METH $ 2,376.03
$ 505.90M
$ 505.90 million
+10.33%
BybitSOL BBSOL $ 105.74
$ 125.34M
$ 125.34 million
+9.66%
Lido Staked Ether stETH $ 2,172.31
$ 19.16B
$ 19.16 billion
+9.66%
Rocket Pool ETH RETH $ 2,521.50
$ 904.93M
$ 904.93 million
+9.55%
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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