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 $ 2,057.64
$ 18.16B
$ 18.16 billion
+1.65%
2 Wrapped BTC WBTC $ 70,327.74
$ 9.67B
$ 9.67 billion
+0.93%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
-0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,531.03
$ 8.08B
$ 8.08 billion
+1.61%
5 Wrapped eETH weETH $ 2,244.33
$ 6.38B
$ 6.38 billion
+1.58%
6 Wrapped Ether WETH $ 2,060.25
$ 5.48B
$ 5.48 billion
+1.58%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.01%
8 Coinbase Wrapped BTC CBBTC $ 70,567.85
$ 3.10B
$ 3.10 billion
+1.01%
9 Bitcoin BEP2 BTCB $ 70,573.39
$ 2.97B
$ 2.97 billion
+0.91%
10 Jito Staked SOL JITOSOL $ 109.30
$ 1.23B
$ 1.23 billion
+0.67%
11 Binance Staked SOL BNSOL $ 95.27
$ 934.85M
$ 934.85 million
+1.13%
12 Wrapped BNB WBNB $ 648.27
$ 913.99M
$ 913.99 million
+0.97%
13 Rocket Pool ETH RETH $ 2,385.98
$ 856.29M
$ 856.29 million
+1.92%
14 Lombard Staked Bitcoin LBTC $ 69,969.76
$ 740.02M
$ 740.02 million
-0.50%
15 Solv BTC SOLVBTC $ 70,450.36
$ 448.99M
$ 448.99 million
+0.94%
16 Jupiter Staked SOL JUPSOL $ 99.85
$ 418.19M
$ 418.19 million
-0.92%
17 tBTC v2 TBTC $ 70,268.89
$ 415.49M
$ 415.49 million
+0.85%
18 Binance-Peg XRP Token XRP $ 1.39
$ 341.88M
$ 341.88 million
-0.52%
19 Coinbase Wrapped Staked ETH CBETH $ 2,316.08
$ 292.15M
$ 292.15 million
+1.75%
20 Bitcoin Avalanche Bridged BTC.b $ 70,455.43
$ 270.84M
$ 270.84 million
+1.04%
21 Marinade staked SOL MSOL $ 117.67
$ 245.22M
$ 245.22 million
+0.57%
22 Wrapped Solana SOL $ 86.37
$ 161.43M
$ 161.43 million
+0.52%
23 Wrapped AVAX WAVAX $ 9.74
$ 161.16M
$ 161.16 million
+4.20%
24 BybitSOL BBSOL $ 98.50
$ 115.78M
$ 115.78 million
+0.60%
25 Wrapped Centrifuge CFG $ 0.132
$ 76.24M
$ 76.24 million
-4.50%
26 Wrapped TAO WTAO $ 200.45
$ 23.74M
$ 23.74 million
-0.00%
27 Wrapped Matic WMATIC $ 0.0977
$ 13.92M
$ 13.92 million
+0.83%
28 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.05%
29 Wrapped NCG WNCG $ 0.00537
$ 1.72M
$ 1.72 million
+0.47%

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

30 Mantle Staked Ether METH $ 2,235.44
$ 475.96M
$ 475.96 million
+1.85%
31 ckBTC ckBTC $ 70,989.37
$ 33.51M
$ 33.51 million
+2.39%
32 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.66M
$ 29.66 million
-0.12%
33 Wrapped NXM WNXM $ 51.85
$ 25.07M
$ 25.07 million
+0.56%
34 ckUSDC CKUSDC $ 1.01
$ 1.88M
$ 1.88 million
+0.80%
35 ckETH ckETH $ 2,069.13
$ 1.28M
$ 1.28 million
+2.15%
36 renBTC RENBTC $ 3,630.90
$ 1.11M
$ 1.11 million
+5.70%
37 ckOCT CKOCT $ 0.00342
$ 60.50T
$ 60.50 trillion
+5.50%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,119.40
$ 45.77T
$ 45.77 trillion
-1.09%
39 Wrapped DOGE WDOGE $ 0.101
$ 12.98B
$ 12.98 billion
-5.04%
40 Wrapped BTC (BitGo) WBTC $ 70,067.43
$ 8.39B
$ 8.39 billion
--%
41 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+0.03%
42 Wrapped Binance Beacon ETH WBETH $ 2,247.53
$ 2.93B
$ 2.93 billion
+1.65%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.01%
44 USDC (Avalance) USDC $ 1.00
$ 722.44M
$ 722.44 million
+0.30%
45 Wrapped BTC (Wormhole) WBTC $ 70,274.26
$ 280.91M
$ 280.91 million
+1.02%
46 Binance Wrapped BTC BBTC $ 70,436.13
$ 204.26M
$ 204.26 million
+1.22%
47 Gate Wrapped BTC GTBTC $ 70,876.70
$ 162.99M
$ 162.99 million
+1.22%
48 TRON peg TRX $ 0.289
$ 86.23M
$ 86.23 million
+2.25%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,185.72
$ 68.66M
$ 68.66 million
-0.02%
50 Cardano AP3X Token cAP3X $ 0.0197
$ 59.04M
$ 59.04 million
-5.79%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 9.74
$ 161.16M
$ 161.16 million
+4.20%
Rocket Pool ETH RETH $ 2,385.98
$ 856.29M
$ 856.29 million
+1.92%
Coinbase Wrapped Staked ETH CBETH $ 2,316.08
$ 292.15M
$ 292.15 million
+1.75%
Lido Staked Ether stETH $ 2,057.64
$ 18.16B
$ 18.16 billion
+1.65%
Wrapped liquid staked Ether 2.0 wstETH $ 2,531.03
$ 8.08B
$ 8.08 billion
+1.61%
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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