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 $ 1,551.10
$ 13.82B
$ 13.82 billion
-10.09%
2 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.51%
3 Wrapped BTC WBTC $ 60,628.86
$ 8.33B
$ 8.33 billion
-3.99%
4 Wrapped liquid staked Ether 2.0 wstETH $ 1,924.76
$ 6.74B
$ 6.74 billion
-9.47%
5 Wrapped Ether WETH $ 1,557.89
$ 4.15B
$ 4.15 billion
-8.96%
6 Wrapped eETH weETH $ 1,700.74
$ 2.70B
$ 2.70 billion
-9.99%
7 Bitcoin BEP2 BTCB $ 60,751.26
$ 2.65B
$ 2.65 billion
-4.16%
8 Coinbase Wrapped BTC CBBTC $ 60,801.20
$ 2.64B
$ 2.64 billion
-3.87%
9 Wrapped BNB WBNB $ 570.55
$ 984.80M
$ 984.80 million
-3.98%
10 Binance Staked SOL BNSOL $ 69.26
$ 688.93M
$ 688.93 million
-7.31%
11 Lombard Staked Bitcoin LBTC $ 60,124.30
$ 636.23M
$ 636.23 million
-4.97%
12 Jito Staked SOL JITOSOL $ 79.39
$ 602.32M
$ 602.32 million
-8.73%
13 Rocket Pool ETH RETH $ 1,807.11
$ 595.57M
$ 595.57 million
-10.08%
14 Solv BTC SOLVBTC $ 59,263.57
$ 374.60M
$ 374.60 million
-6.39%
15 Mantle Staked Ether METH $ 1,697.68
$ 355.22M
$ 355.22 million
-10.02%
16 tBTC v2 TBTC $ 60,641.14
$ 294.15M
$ 294.15 million
-4.35%
17 Binance-Peg XRP Token XRP $ 1.08
$ 244.42M
$ 244.42 million
-5.37%
18 Bitcoin Avalanche Bridged BTC.b $ 60,802.20
$ 233.67M
$ 233.67 million
-4.08%
19 Coinbase Wrapped Staked ETH CBETH $ 1,762.05
$ 205.95M
$ 205.95 million
-9.20%
20 Marinade staked SOL MSOL $ 85.67
$ 198.59M
$ 198.59 million
-8.44%
21 Wrapped Centrifuge CFG $ 0.189
$ 109.30M
$ 109.30 million
-13.48%
22 Wrapped AVAX WAVAX $ 6.49
$ 104.67M
$ 104.67 million
-12.33%
23 Wrapped Solana SOL $ 62.12
$ 93.18M
$ 93.18 million
-7.80%
24 Coinbase Wrapped XRP CBXRP $ 1.08
$ 91.60M
$ 91.60 million
-4.88%
25 Wrapped Matic WMATIC $ 0.0738
$ 10.50M
$ 10.50 million
-11.50%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
-0.09%
27 Wrapped NCG WNCG $ 0.00502
$ 1.61M
$ 1.61 million
-13.46%

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

28 Ethena Staked USDe sUSDe $ 3.41
$ 10.63B
$ 10.63 billion
+0.41%
29 Wrapped TRON WTRX $ 0.319
$ 1.27B
$ 1.27 billion
-2.72%
30 Jupiter Staked SOL JUPSOL $ 73.55
$ 314.29M
$ 314.29 million
-8.89%
31 BybitSOL BBSOL $ 71.48
$ 78.98M
$ 78.98 million
-7.22%
32 Wrapped TAO WTAO $ 187.70
$ 20.11M
$ 20.11 million
-8.57%
33 Wrapped NXM WNXM $ 43.24
$ 18.44M
$ 18.44 million
-9.28%
34 ckBTC ckBTC $ 61,572.74
$ 11.85M
$ 11.85 million
-1.52%
35 renBTC RENBTC $ 12,725.77
$ 3.87M
$ 3.87 million
-11.77%
36 ckUSDC CKUSDC $ 1.03
$ 2.11M
$ 2.11 million
+2.44%
37 ckETH ckETH $ 1,579.92
$ 976,956
$ 976,956
-9.27%
38 ckOCT CKOCT $ 0.00425
$ 75.19T
$ 75.19 trillion
-33.32%
39 Wrapped DOGE WDOGE $ 0.0782
$ 10.09B
$ 10.09 billion
-8.97%
40 Wrapped BTC (BitGo) WBTC $ 60,106.16
$ 7.00B
$ 7.00 billion
-4.78%
41 USDC (BASE) USDC $ 0.993
$ 4.31B
$ 4.31 billion
-0.64%
42 Wrapped Binance Beacon ETH WBETH $ 1,712.12
$ 2.12B
$ 2.12 billion
-9.00%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
-0.30%
44 USDC (Avalance) USDC $ 0.999
$ 720.21M
$ 720.21 million
-0.62%
45 Wrapped BTC (Wormhole) WBTC $ 60,471.38
$ 182.01M
$ 182.01 million
-4.43%
46 Binance Wrapped BTC BBTC $ 60,014.90
$ 174.04M
$ 174.04 million
-5.32%
47 Gate Wrapped BTC GTBTC $ 61,123.76
$ 140.56M
$ 140.56 million
-3.58%
48 TRON peg TRX $ 0.320
$ 95.72M
$ 95.72 million
-2.32%
49 Wrapped Fantom WFTM $ 0.0429
$ 93.91M
$ 93.91 million
-2.98%
50 Kelp DAO Wrapped rsETH WRSETH $ 1,624.21
$ 51.02M
$ 51.02 million
-11.81%
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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
-0.09%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.51%
Coinbase Wrapped BTC CBBTC $ 60,801.20
$ 2.64B
$ 2.64 billion
-3.87%
Wrapped BNB WBNB $ 570.55
$ 984.80M
$ 984.80 million
-3.98%
Wrapped BTC WBTC $ 60,628.86
$ 8.33B
$ 8.33 billion
-3.99%
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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