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 $ 2,188.04
$ 19.30B
$ 19.30 billion
+4.82%
2 Wrapped BTC WBTC $ 72,814.27
$ 10.01B
$ 10.01 billion
+2.81%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,690.21
$ 8.59B
$ 8.59 billion
+4.50%
5 Wrapped eETH weETH $ 2,378.46
$ 6.76B
$ 6.76 billion
+4.66%
6 Wrapped Ether WETH $ 2,197.39
$ 5.85B
$ 5.85 billion
+5.04%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 72,955.11
$ 3.21B
$ 3.21 billion
+2.88%
9 Bitcoin BEP2 BTCB $ 72,887.45
$ 3.06B
$ 3.06 billion
+2.73%
10 Jito Staked SOL JITOSOL $ 117.46
$ 1.32B
$ 1.32 billion
+5.69%
11 Wrapped BNB WBNB $ 678.00
$ 955.41M
$ 955.41 million
+3.34%
12 Rocket Pool ETH RETH $ 2,531.61
$ 908.55M
$ 908.55 million
+4.39%
13 Binance Staked SOL BNSOL $ 102.19
$ 873.24M
$ 873.24 million
+5.92%
14 Lombard Staked Bitcoin LBTC $ 73,017.02
$ 774.38M
$ 774.38 million
+2.87%
15 Mantle Staked Ether METH $ 2,385.76
$ 507.91M
$ 507.91 million
+4.85%
16 tBTC v2 TBTC $ 72,937.12
$ 431.33M
$ 431.33 million
+2.87%
17 Binance-Peg XRP Token XRP $ 1.45
$ 356.70M
$ 356.70 million
+3.97%
18 Coinbase Wrapped Staked ETH CBETH $ 2,472.67
$ 310.88M
$ 310.88 million
+5.00%
19 Bitcoin Avalanche Bridged BTC.b $ 72,620.70
$ 279.04M
$ 279.04 million
+2.61%
20 Marinade staked SOL MSOL $ 125.76
$ 262.08M
$ 262.08 million
+4.97%
21 Wrapped AVAX WAVAX $ 9.98
$ 140.81M
$ 140.81 million
+3.93%
22 Wrapped Solana SOL $ 92.92
$ 139.28M
$ 139.28 million
+5.88%
23 BybitSOL BBSOL $ 105.74
$ 123.04M
$ 123.04 million
+6.02%
24 Wrapped Centrifuge CFG $ 0.122
$ 70.40M
$ 70.40 million
-0.34%
25 Wrapped TAO WTAO $ 290.96
$ 34.45M
$ 34.45 million
+18.64%
26 Coinbase Wrapped XRP CBXRP $ 1.45
$ 30.96M
$ 30.96 million
+4.48%
27 Wrapped NXM WNXM $ 55.48
$ 26.81M
$ 26.81 million
+2.94%
28 Wrapped Matic WMATIC $ 0.0974
$ 13.87M
$ 13.87 million
+0.69%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.07%
30 Wrapped NCG WNCG $ 0.00539
$ 1.73M
$ 1.73 million
-1.66%

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

31 Solv BTC SOLVBTC $ 72,342.40
$ 467.92M
$ 467.92 million
+43.06%
32 Jupiter Staked SOL JUPSOL $ 108.58
$ 395.32M
$ 395.32 million
+5.31%
33 ckBTC ckBTC $ 72,586.78
$ 34.26M
$ 34.26 million
+2.75%
34 ckUSDC CKUSDC $ 1.01
$ 1.59M
$ 1.59 million
+0.67%
35 ckETH ckETH $ 2,165.36
$ 1.34M
$ 1.34 million
+3.58%
36 renBTC RENBTC $ 4,255.12
$ 1.30M
$ 1.30 million
+2.57%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,249.18
$ 46.93T
$ 46.93 trillion
+2.73%
38 ckOCT CKOCT $ 0.00160
$ 28.26T
$ 28.26 trillion
-68.99%
39 Wrapped BTC (BitGo) WBTC $ 71,971.17
$ 8.61B
$ 8.61 billion
+1.94%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.08%
41 Wrapped Binance Beacon ETH WBETH $ 2,398.80
$ 3.12B
$ 3.12 billion
+8.77%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
-0.15%
43 USDC (Avalance) USDC $ 0.996
$ 718.27M
$ 718.27 million
+0.01%
44 Wrapped BTC (Wormhole) WBTC $ 72,647.47
$ 290.04M
$ 290.04 million
+2.58%
45 Binance Wrapped BTC BBTC $ 72,311.32
$ 209.70M
$ 209.70 million
+2.09%
46 Gate Wrapped BTC GTBTC $ 73,204.00
$ 168.34M
$ 168.34 million
+2.80%
47 TRON peg TRX $ 0.300
$ 89.48M
$ 89.48 million
+0.62%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,309.61
$ 72.55M
$ 72.55 million
+3.48%
49 Binance-Peg Bitcoin Cash Token BCH $ 462.55
$ 44.64M
$ 44.64 million
+0.35%
50 Wrapped BTC WBTC.E $ 72,506.70
$ 31.76M
$ 31.76 million
+2.50%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 290.96
$ 34.45M
$ 34.45 million
+18.64%
BybitSOL BBSOL $ 105.74
$ 123.04M
$ 123.04 million
+6.02%
Binance Staked SOL BNSOL $ 102.19
$ 873.24M
$ 873.24 million
+5.92%
Wrapped Solana SOL $ 92.92
$ 139.28M
$ 139.28 million
+5.88%
Jito Staked SOL JITOSOL $ 117.46
$ 1.32B
$ 1.32 billion
+5.69%
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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