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 $ 1,978.57
$ 17.55B
$ 17.55 billion
-4.23%
2 Wrapped BTC WBTC $ 72,881.95
$ 10.01B
$ 10.01 billion
-3.30%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,446.07
$ 8.24B
$ 8.24 billion
-4.43%
5 Wrapped Ether WETH $ 1,977.97
$ 5.26B
$ 5.26 billion
-4.47%
6 Wrapped eETH weETH $ 2,170.64
$ 3.46B
$ 3.46 billion
-4.31%
7 Bitcoin BEP2 BTCB $ 72,999.07
$ 3.08B
$ 3.08 billion
-3.39%
8 Coinbase Wrapped BTC CBBTC $ 72,997.33
$ 3.02B
$ 3.02 billion
-3.35%
9 Wrapped BNB WBNB $ 634.71
$ 1.10B
$ 1.10 billion
-2.89%
10 Jito Staked SOL JITOSOL $ 103.48
$ 821.60M
$ 821.60 million
-3.28%
11 Lombard Staked Bitcoin LBTC $ 73,361.68
$ 777.02M
$ 777.02 million
-3.06%
12 Rocket Pool ETH RETH $ 2,305.17
$ 768.65M
$ 768.65 million
-4.51%
13 Solv BTC SOLVBTC $ 73,076.84
$ 464.30M
$ 464.30 million
-2.94%
14 Mantle Staked Ether METH $ 2,161.55
$ 447.10M
$ 447.10 million
-4.10%
15 tBTC v2 TBTC $ 73,098.24
$ 349.80M
$ 349.80 million
-3.19%
16 Binance-Peg XRP Token XRP $ 1.28
$ 292.38M
$ 292.38 million
-3.62%
17 Bitcoin Avalanche Bridged BTC.b $ 72,995.30
$ 280.59M
$ 280.59 million
-3.30%
18 Coinbase Wrapped Staked ETH CBETH $ 2,236.32
$ 261.39M
$ 261.39 million
-4.48%
19 Marinade staked SOL MSOL $ 111.51
$ 258.55M
$ 258.55 million
-2.80%
20 Wrapped Centrifuge CFG $ 0.295
$ 170.26M
$ 170.26 million
-2.93%
21 Wrapped AVAX WAVAX $ 8.80
$ 141.93M
$ 141.93 million
-3.40%
22 Wrapped Solana SOL $ 80.76
$ 121.14M
$ 121.14 million
-3.41%
23 Coinbase Wrapped XRP CBXRP $ 1.28
$ 97.43M
$ 97.43 million
-3.44%
24 Wrapped Matic WMATIC $ 0.0873
$ 12.42M
$ 12.42 million
-4.99%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
+0.11%
26 Wrapped NCG WNCG $ 0.00712
$ 2.29M
$ 2.29 million
-10.80%

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

27 Ethena Staked USDe sUSDe $ 3.34
$ 10.42B
$ 10.42 billion
-0.06%
28 Wrapped TRON WTRX $ 0.366
$ 1.45B
$ 1.45 billion
-2.05%
29 Binance Staked SOL BNSOL $ 90.01
$ 895.35M
$ 895.35 million
-3.44%
30 Jupiter Staked SOL JUPSOL $ 95.98
$ 411.64M
$ 411.64 million
-3.24%
31 BybitSOL BBSOL $ 93.04
$ 113.95M
$ 113.95 million
-3.33%
32 Wrapped TAO WTAO $ 260.49
$ 27.98M
$ 27.98 million
-5.38%
33 Wrapped NXM WNXM $ 52.35
$ 22.43M
$ 22.43 million
-3.94%
34 ckBTC ckBTC $ 73,073.89
$ 14.06M
$ 14.06 million
-7.30%
35 renBTC RENBTC $ 19,010.85
$ 5.77M
$ 5.77 million
-5.48%
36 ckUSDC CKUSDC $ 1.00
$ 2.05M
$ 2.05 million
-5.19%
37 ckETH ckETH $ 1,971.00
$ 1.22M
$ 1.22 million
-7.91%
38 ckOCT CKOCT $ 0.00588
$ 104.08T
$ 104.08 trillion
-15.33%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,458.17
$ 66.77T
$ 66.77 trillion
-1.59%
40 Wrapped BTC (BitGo) WBTC $ 72,982.99
$ 8.64B
$ 8.64 billion
-2.92%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.03%
42 Wrapped Binance Beacon ETH WBETH $ 2,172.59
$ 2.69B
$ 2.69 billion
-4.46%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.09%
44 USDC (Avalance) USDC $ 1.00
$ 721.44M
$ 721.44 million
+0.18%
45 Wrapped BTC (Wormhole) WBTC $ 72,856.24
$ 219.41M
$ 219.41 million
-3.22%
46 Binance Wrapped BTC BBTC $ 73,241.61
$ 212.40M
$ 212.40 million
-2.93%
47 Gate Wrapped BTC GTBTC $ 73,307.53
$ 168.59M
$ 168.59 million
-3.25%
48 TRON peg TRX $ 0.365
$ 109.08M
$ 109.08 million
-2.36%
49 Wrapped Fantom WFTM $ 0.0476
$ 104.09M
$ 104.09 million
-1.10%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,104.43
$ 66.10M
$ 66.10 million
-3.08%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
+0.11%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.04%
Marinade staked SOL MSOL $ 111.51
$ 258.55M
$ 258.55 million
-2.80%
Wrapped BNB WBNB $ 634.71
$ 1.10B
$ 1.10 billion
-2.89%
Wrapped Centrifuge CFG $ 0.295
$ 170.26M
$ 170.26 million
-2.93%
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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