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 $ 2,147.23
$ 18.95B
$ 18.95 billion
+3.06%
2 Wrapped BTC WBTC $ 70,594.87
$ 9.70B
$ 9.70 billion
+2.89%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.22%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,643.09
$ 8.44B
$ 8.44 billion
+3.03%
5 Wrapped eETH weETH $ 2,344.58
$ 6.67B
$ 6.67 billion
+3.12%
6 Wrapped Ether WETH $ 2,146.42
$ 5.71B
$ 5.71 billion
+3.06%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.07%
8 Coinbase Wrapped BTC CBBTC $ 70,754.95
$ 3.11B
$ 3.11 billion
+2.94%
9 Bitcoin BEP2 BTCB $ 70,646.00
$ 2.97B
$ 2.97 billion
+2.74%
10 Jito Staked SOL JITOSOL $ 113.93
$ 1.28B
$ 1.28 billion
+2.81%
11 Wrapped BNB WBNB $ 642.24
$ 905.07M
$ 905.07 million
+1.83%
12 Rocket Pool ETH RETH $ 2,471.39
$ 886.94M
$ 886.94 million
+2.19%
13 Lombard Staked Bitcoin LBTC $ 70,953.84
$ 752.69M
$ 752.69 million
+3.01%
14 Mantle Staked Ether METH $ 2,338.73
$ 497.96M
$ 497.96 million
+3.11%
15 Solv BTC SOLVBTC $ 70,669.78
$ 464.34M
$ 464.34 million
+3.22%
16 tBTC v2 TBTC $ 70,732.05
$ 418.20M
$ 418.20 million
+2.81%
17 Binance-Peg XRP Token XRP $ 1.42
$ 320.21M
$ 320.21 million
+1.42%
18 Coinbase Wrapped Staked ETH CBETH $ 2,418.84
$ 290.78M
$ 290.78 million
+3.11%
19 Bitcoin Avalanche Bridged BTC.b $ 70,688.50
$ 271.72M
$ 271.72 million
+2.80%
20 Marinade staked SOL MSOL $ 122.40
$ 255.08M
$ 255.08 million
+2.61%
21 Wrapped Solana SOL $ 89.55
$ 134.32M
$ 134.32 million
+2.42%
22 Wrapped AVAX WAVAX $ 9.49
$ 133.78M
$ 133.78 million
+3.82%
23 BybitSOL BBSOL $ 102.58
$ 112.12M
$ 112.12 million
+3.28%
24 Wrapped Centrifuge CFG $ 0.134
$ 77.53M
$ 77.53 million
+0.11%
25 Wrapped TAO WTAO $ 287.47
$ 34.20M
$ 34.20 million
+5.70%
26 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.22M
$ 30.22 million
+1.92%
27 Wrapped Matic WMATIC $ 0.0949
$ 13.51M
$ 13.51 million
+2.09%
28 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.04%
29 Wrapped NCG WNCG $ 0.00539
$ 1.73M
$ 1.73 million
+1.19%

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

30 Binance Staked SOL BNSOL $ 99.38
$ 848.11M
$ 848.11 million
+3.06%
31 Jupiter Staked SOL JUPSOL $ 105.46
$ 383.95M
$ 383.95 million
+2.67%
32 ckBTC ckBTC $ 70,662.76
$ 33.35M
$ 33.35 million
+2.61%
33 Wrapped NXM WNXM $ 53.48
$ 25.86M
$ 25.86 million
+0.53%
34 ckUSDC CKUSDC $ 0.994
$ 1.57M
$ 1.57 million
-0.48%
35 renBTC RENBTC $ 4,511.21
$ 1.37M
$ 1.37 million
+5.96%
36 ckETH ckETH $ 2,141.06
$ 1.32M
$ 1.32 million
+2.32%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,647.03
$ 41.55T
$ 41.55 trillion
+0.53%
38 Wrapped BTC (BitGo) WBTC $ 70,720.34
$ 8.46B
$ 8.46 billion
+2.99%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.07%
40 Wrapped Binance Beacon ETH WBETH $ 2,344.18
$ 3.05B
$ 3.05 billion
+2.94%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.13%
42 USDC (Avalance) USDC $ 1.00
$ 722.20M
$ 722.20 million
+0.14%
43 Wrapped BTC (Wormhole) WBTC $ 70,442.71
$ 260.80M
$ 260.80 million
+2.64%
44 Binance Wrapped BTC BBTC $ 70,689.68
$ 205.00M
$ 205.00 million
+2.75%
45 Gate Wrapped BTC GTBTC $ 70,951.80
$ 163.16M
$ 163.16 million
+2.83%
46 TRON peg TRX $ 0.308
$ 92.13M
$ 92.13 million
-1.46%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,285.67
$ 71.80M
$ 71.80 million
+3.27%
48 Binance-Peg Bitcoin Cash Token BCH $ 477.31
$ 46.06M
$ 46.06 million
+2.87%
49 Wrapped DAG WDAG $ 0.0102
$ 37.90M
$ 37.90 million
-2.30%
50 Wrapped BTC WBTC.E $ 70,468.05
$ 30.87M
$ 30.87 million
+2.75%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 287.47
$ 34.20M
$ 34.20 million
+5.70%
Wrapped AVAX WAVAX $ 9.49
$ 133.78M
$ 133.78 million
+3.82%
BybitSOL BBSOL $ 102.58
$ 112.12M
$ 112.12 million
+3.28%
Solv BTC SOLVBTC $ 70,669.78
$ 464.34M
$ 464.34 million
+3.22%
Wrapped eETH weETH $ 2,344.58
$ 6.67B
$ 6.67 billion
+3.12%
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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