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 $ 2,284.99
$ 20.05B
$ 20.05 billion
-2.12%
2 Wrapped BTC WBTC $ 80,481.69
$ 11.05B
$ 11.05 billion
-0.50%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,819.78
$ 9.44B
$ 9.44 billion
-2.09%
4 Binance-Peg BSC-USD BSC-USD $ 1.02
$ 9.12B
$ 9.12 billion
+13.00%
5 Wrapped Ether WETH $ 2,285.49
$ 6.08B
$ 6.08 billion
-2.10%
6 Wrapped eETH weETH $ 2,502.16
$ 4.39B
$ 4.39 billion
-2.07%
7 Bitcoin BEP2 BTCB $ 79,603.22
$ 3.35B
$ 3.35 billion
+9.34%
8 Coinbase Wrapped BTC CBBTC $ 80,720.79
$ 3.34B
$ 3.34 billion
-0.51%
9 Wrapped BNB WBNB $ 575.41
$ 993.00M
$ 993.00 million
-0.18%
10 Binance Staked SOL BNSOL $ 105.12
$ 979.07M
$ 979.07 million
-0.64%
11 Jito Staked SOL JITOSOL $ 121.14
$ 961.41M
$ 961.41 million
-0.44%
12 Rocket Pool ETH RETH $ 2,658.96
$ 887.01M
$ 887.01 million
-2.22%
13 Lombard Staked Bitcoin LBTC $ 80,912.34
$ 857.61M
$ 857.61 million
-0.52%
14 Mantle Staked Ether METH $ 2,491.31
$ 566.79M
$ 566.79 million
-2.26%
15 tBTC v2 TBTC $ 80,591.12
$ 416.91M
$ 416.91 million
-0.61%
16 Bitcoin Avalanche Bridged BTC.b $ 80,678.27
$ 310.12M
$ 310.12 million
-0.38%
17 Marinade staked SOL MSOL $ 130.56
$ 302.73M
$ 302.73 million
-0.41%
18 Coinbase Wrapped Staked ETH CBETH $ 2,582.30
$ 301.82M
$ 301.82 million
-2.05%
19 Binance-Peg XRP Token XRP $ 1.23
$ 282.03M
$ 282.03 million
-4.31%
20 Wrapped Centrifuge CFG $ 0.281
$ 162.17M
$ 162.17 million
-6.23%
21 Wrapped AVAX WAVAX $ 9.86
$ 159.02M
$ 159.02 million
-2.52%
22 Wrapped Solana SOL $ 94.80
$ 142.20M
$ 142.20 million
-0.39%
23 Wrapped Matic WMATIC $ 0.101
$ 14.41M
$ 14.41 million
-2.53%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.49M
$ 2.49 million
+3.75%
25 Wrapped NCG WNCG $ 0.00559
$ 1.79M
$ 1.79 million
-1.95%

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

26 Ethena Staked USDe sUSDe $ 3.83
$ 11.93B
$ 11.93 billion
-3.04%
27 Jupiter Staked SOL JUPSOL $ 112.43
$ 480.91M
$ 480.91 million
-0.59%
28 Solv BTC SOLVBTC $ 67,951.17
$ 437.68M
$ 437.68 million
-3.81%
29 BybitSOL BBSOL $ 109.08
$ 121.92M
$ 121.92 million
-0.47%
30 Coinbase Wrapped XRP CBXRP $ 1.45
$ 102.50M
$ 102.50 million
-0.29%
31 Wrapped TAO WTAO $ 313.96
$ 34.06M
$ 34.06 million
-2.83%
32 Wrapped NXM WNXM $ 58.45
$ 25.28M
$ 25.28 million
-0.84%
33 ckBTC ckBTC $ 80,648.78
$ 23.41M
$ 23.41 million
-2.01%
34 renBTC RENBTC $ 18,961.89
$ 5.77M
$ 5.77 million
-2.94%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.44%
36 ckETH ckETH $ 2,293.66
$ 1.42M
$ 1.42 million
-3.06%
37 ckOCT CKOCT $ 0.00455
$ 80.67T
$ 80.67 trillion
+13.97%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,981.08
$ 33.56T
$ 33.56 trillion
-14.03%
39 Wrapped Banano WBAN $ 2,029.84
$ 75.25B
$ 75.25 billion
+9.60%
40 Wrapped BTC (BitGo) WBTC $ 80,382.43
$ 9.52B
$ 9.52 billion
-0.65%
41 USDC (BASE) USDC $ 0.999
$ 4.33B
$ 4.33 billion
-0.39%
42 Wrapped Binance Beacon ETH WBETH $ 2,504.74
$ 3.10B
$ 3.10 billion
-1.96%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.30B
$ 1.30 billion
+9.42%
44 USDC (Avalance) USDC $ 0.998
$ 720.09M
$ 720.09 million
+0.02%
45 Wrapped BTC (Wormhole) WBTC $ 80,465.66
$ 255.35M
$ 255.35 million
-0.63%
46 Binance Wrapped BTC BBTC $ 80,545.47
$ 233.58M
$ 233.58 million
-0.67%
47 Gate Wrapped BTC GTBTC $ 80,989.19
$ 186.24M
$ 186.24 million
-0.49%
48 TRON peg TRX $ 0.349
$ 104.11M
$ 104.11 million
-0.35%
49 Wrapped Fantom WFTM $ 0.0469
$ 102.48M
$ 102.48 million
-5.33%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+9.38%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.02
$ 9.12B
$ 9.12 billion
+13.00%
Bitcoin BEP2 BTCB $ 79,603.22
$ 3.35B
$ 3.35 billion
+9.34%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.49M
$ 2.49 million
+3.75%
Wrapped BNB WBNB $ 575.41
$ 993.00M
$ 993.00 million
-0.18%
Bitcoin Avalanche Bridged BTC.b $ 80,678.27
$ 310.12M
$ 310.12 million
-0.38%
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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