Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 2,001.82
$ 17.77B
$ 17.77 billion
+0.01%
2 Wrapped BTC WBTC $ 71,396.59
$ 9.81B
$ 9.81 billion
-2.80%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.08%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,475.23
$ 8.56B
$ 8.56 billion
+0.10%
5 Wrapped Ether WETH $ 2,000.78
$ 5.32B
$ 5.32 billion
+0.06%
6 Wrapped eETH weETH $ 2,195.64
$ 3.48B
$ 3.48 billion
+0.06%
7 Coinbase Wrapped BTC CBBTC $ 71,506.81
$ 3.09B
$ 3.09 billion
-2.89%
8 Bitcoin BEP2 BTCB $ 71,457.47
$ 3.01B
$ 3.01 billion
-2.97%
9 Wrapped BNB WBNB $ 696.95
$ 1.20B
$ 1.20 billion
-1.73%
10 Binance Staked SOL BNSOL $ 90.34
$ 898.64M
$ 898.64 million
-0.98%
11 Jito Staked SOL JITOSOL $ 103.90
$ 824.93M
$ 824.93 million
-0.65%
12 Rocket Pool ETH RETH $ 2,332.65
$ 777.33M
$ 777.33 million
-0.00%
13 Lombard Staked Bitcoin LBTC $ 71,804.15
$ 760.51M
$ 760.51 million
-2.73%
14 tBTC v2 TBTC $ 71,546.37
$ 345.08M
$ 345.08 million
-2.79%
15 Binance-Peg XRP Token XRP $ 1.30
$ 294.48M
$ 294.48 million
-2.07%
16 Bitcoin Avalanche Bridged BTC.b $ 71,460.32
$ 274.69M
$ 274.69 million
-2.79%
17 Coinbase Wrapped Staked ETH CBETH $ 2,262.40
$ 264.41M
$ 264.41 million
-0.12%
18 Marinade staked SOL MSOL $ 110.85
$ 257.03M
$ 257.03 million
-1.73%
19 Wrapped AVAX WAVAX $ 8.92
$ 143.87M
$ 143.87 million
+0.82%
20 Wrapped Centrifuge CFG $ 0.249
$ 143.52M
$ 143.52 million
-6.29%
21 Wrapped Solana SOL $ 80.93
$ 121.40M
$ 121.40 million
-0.90%
22 Wrapped NXM WNXM $ 51.88
$ 22.08M
$ 22.08 million
+1.12%
23 Wrapped Matic WMATIC $ 0.0938
$ 13.35M
$ 13.35 million
+2.05%
24 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
-0.08%
25 Wrapped NCG WNCG $ 0.00675
$ 2.16M
$ 2.16 million
-3.28%

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

26 Ethena Staked USDe sUSDe $ 3.35
$ 10.43B
$ 10.43 billion
-0.07%
27 Wrapped TRON WTRX $ 0.345
$ 1.37B
$ 1.37 billion
-1.41%
28 Mantle Staked Ether METH $ 2,188.33
$ 452.07M
$ 452.07 million
+0.47%
29 Solv BTC SOLVBTC $ 71,345.85
$ 451.29M
$ 451.29 million
-3.13%
30 Jupiter Staked SOL JUPSOL $ 96.44
$ 413.62M
$ 413.62 million
-0.64%
31 BybitSOL BBSOL $ 93.45
$ 112.25M
$ 112.25 million
-0.78%
32 Coinbase Wrapped XRP CBXRP $ 1.30
$ 103.52M
$ 103.52 million
-1.90%
33 Wrapped TAO WTAO $ 254.12
$ 27.23M
$ 27.23 million
+0.45%
34 ckBTC ckBTC $ 72,192.94
$ 13.89M
$ 13.89 million
-2.59%
35 renBTC RENBTC $ 14,119.06
$ 4.30M
$ 4.30 million
-16.92%
36 ckUSDC CKUSDC $ 1.000
$ 2.04M
$ 2.04 million
-0.80%
37 ckETH ckETH $ 2,014.10
$ 1.25M
$ 1.25 million
+0.05%
38 ckOCT CKOCT $ 0.00599
$ 106.09T
$ 106.09 trillion
-1.42%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,086.07
$ 61.20T
$ 61.20 trillion
-5.28%
40 Wrapped DOGE WDOGE $ 0.0991
$ 12.79B
$ 12.79 billion
-0.77%
41 Wrapped BTC (BitGo) WBTC $ 71,506.46
$ 8.33B
$ 8.33 billion
-2.18%
42 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.32%
43 Wrapped Binance Beacon ETH WBETH $ 2,198.57
$ 2.72B
$ 2.72 billion
+0.01%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.29%
45 USDC (Avalance) USDC $ 0.999
$ 720.42M
$ 720.42 million
+0.08%
46 Wrapped BTC (Wormhole) WBTC $ 71,361.61
$ 214.79M
$ 214.79 million
-2.83%
47 Binance Wrapped BTC BBTC $ 71,571.78
$ 207.56M
$ 207.56 million
-2.63%
48 Gate Wrapped BTC GTBTC $ 71,803.42
$ 165.12M
$ 165.12 million
-2.82%
49 Wrapped Fantom WFTM $ 0.0490
$ 107.23M
$ 107.23 million
-1.67%
50 TRON peg TRX $ 0.346
$ 103.31M
$ 103.31 million
-1.11%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped Matic WMATIC $ 0.0938
$ 13.35M
$ 13.35 million
+2.05%
Wrapped NXM WNXM $ 51.88
$ 22.08M
$ 22.08 million
+1.12%
Wrapped AVAX WAVAX $ 8.92
$ 143.87M
$ 143.87 million
+0.82%
Wrapped liquid staked Ether 2.0 wstETH $ 2,475.23
$ 8.56B
$ 8.56 billion
+0.10%
Wrapped Ether WETH $ 2,000.78
$ 5.32B
$ 5.32 billion
+0.06%
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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