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 $ 2,150.42
$ 18.96B
$ 18.96 billion
-1.82%
2 Wrapped BTC WBTC $ 70,238.48
$ 9.65B
$ 9.65 billion
-0.95%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,642.25
$ 8.44B
$ 8.44 billion
-1.92%
5 Wrapped eETH weETH $ 2,346.59
$ 6.67B
$ 6.67 billion
-1.82%
6 Wrapped Ether WETH $ 2,150.85
$ 5.72B
$ 5.72 billion
-1.90%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.04%
8 Coinbase Wrapped BTC CBBTC $ 70,378.69
$ 3.09B
$ 3.09 billion
-0.92%
9 Bitcoin BEP2 BTCB $ 70,409.28
$ 2.96B
$ 2.96 billion
-0.93%
10 Jito Staked SOL JITOSOL $ 113.64
$ 1.28B
$ 1.28 billion
-0.41%
11 Wrapped BNB WBNB $ 641.72
$ 904.33M
$ 904.33 million
-1.55%
12 Rocket Pool ETH RETH $ 2,495.87
$ 895.73M
$ 895.73 million
-1.81%
13 Binance Staked SOL BNSOL $ 98.69
$ 842.21M
$ 842.21 million
-0.76%
14 Lombard Staked Bitcoin LBTC $ 70,134.06
$ 743.99M
$ 743.99 million
-1.48%
15 tBTC v2 TBTC $ 70,342.92
$ 415.93M
$ 415.93 million
-0.95%
16 Jupiter Staked SOL JUPSOL $ 105.24
$ 383.13M
$ 383.13 million
-0.59%
17 Binance-Peg XRP Token XRP $ 1.45
$ 329.95M
$ 329.95 million
-0.90%
18 Coinbase Wrapped Staked ETH CBETH $ 2,419.51
$ 290.82M
$ 290.82 million
-1.81%
19 Bitcoin Avalanche Bridged BTC.b $ 70,238.64
$ 269.99M
$ 269.99 million
-1.16%
20 Marinade staked SOL MSOL $ 122.49
$ 255.28M
$ 255.28 million
-0.35%
21 Wrapped Solana SOL $ 89.46
$ 167.22M
$ 167.22 million
-0.78%
22 Wrapped AVAX WAVAX $ 9.53
$ 134.35M
$ 134.35 million
-1.41%
23 BybitSOL BBSOL $ 101.95
$ 111.42M
$ 111.42 million
-0.66%
24 Wrapped Centrifuge CFG $ 0.149
$ 86.07M
$ 86.07 million
+5.90%
25 Wrapped TAO WTAO $ 279.31
$ 33.07M
$ 33.07 million
+3.12%
26 Coinbase Wrapped XRP CBXRP $ 1.45
$ 30.93M
$ 30.93 million
-0.46%
27 Wrapped Matic WMATIC $ 0.0967
$ 13.77M
$ 13.77 million
+0.44%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.00%
29 Wrapped NCG WNCG $ 0.00527
$ 1.69M
$ 1.69 million
-2.04%

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

30 Mantle Staked Ether METH $ 2,334.52
$ 497.03M
$ 497.03 million
-2.00%
31 Solv BTC SOLVBTC $ 70,330.70
$ 462.12M
$ 462.12 million
-1.02%
32 ckBTC ckBTC $ 70,299.95
$ 33.18M
$ 33.18 million
-1.18%
33 Wrapped NXM WNXM $ 54.86
$ 26.53M
$ 26.53 million
-3.25%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.13%
35 renBTC RENBTC $ 4,365.95
$ 1.33M
$ 1.33 million
-1.33%
36 ckETH ckETH $ 2,144.03
$ 1.33M
$ 1.33 million
-2.92%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,795.18
$ 42.87T
$ 42.87 trillion
-9.40%
38 Wrapped BTC (BitGo) WBTC $ 70,123.37
$ 8.39B
$ 8.39 billion
-1.25%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.01%
40 Wrapped Binance Beacon ETH WBETH $ 2,349.53
$ 3.06B
$ 3.06 billion
-1.88%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.05%
42 USDC (Avalance) USDC $ 1.00
$ 721.62M
$ 721.62 million
-0.01%
43 Wrapped BTC (Wormhole) WBTC $ 70,278.73
$ 260.19M
$ 260.19 million
-0.91%
44 Binance Wrapped BTC BBTC $ 69,921.92
$ 202.77M
$ 202.77 million
-1.51%
45 Gate Wrapped BTC GTBTC $ 70,627.66
$ 162.41M
$ 162.41 million
-0.91%
46 Wrapped Fantom WFTM $ 0.0489
$ 106.84M
$ 106.84 million
+1.77%
47 TRON peg TRX $ 0.304
$ 90.66M
$ 90.66 million
-0.44%
48 Binance-Peg Bitcoin Cash Token BCH $ 455.96
$ 44.00M
$ 44.00 million
+0.52%
49 Wrapped BTC WBTC.E $ 70,274.97
$ 30.78M
$ 30.78 million
-0.97%
50 ETH by Sui Bridge ETH $ 2,152.57
$ 29.60M
$ 29.60 million
-1.78%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.149
$ 86.07M
$ 86.07 million
+5.90%
Wrapped TAO WTAO $ 279.31
$ 33.07M
$ 33.07 million
+3.12%
Wrapped Matic WMATIC $ 0.0967
$ 13.77M
$ 13.77 million
+0.44%
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.04%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.00%
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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