Wrapped coins

220 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 Price Market cap 24h
1 Lido Staked Ether stETH $ 2,332.61
$ 20.45B
$ 20.45 billion
+0.15%
2 Wrapped BTC WBTC $ 80,581.86
$ 11.07B
$ 11.07 billion
-0.05%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,875.09
$ 9.61B
$ 9.61 billion
-0.04%
4 Binance-Peg BSC-USD BSC-USD $ 0.892
$ 8.02B
$ 8.02 billion
-19.84%
5 Wrapped Ether WETH $ 2,333.70
$ 6.20B
$ 6.20 billion
+0.16%
6 Wrapped eETH weETH $ 2,552.06
$ 4.68B
$ 4.68 billion
+0.12%
7 Coinbase Wrapped BTC CBBTC $ 80,803.23
$ 3.34B
$ 3.34 billion
-0.04%
8 Bitcoin BEP2 BTCB $ 72,041.79
$ 3.04B
$ 3.04 billion
-16.22%
9 Wrapped BNB WBNB $ 572.60
$ 988.16M
$ 988.16 million
+10.62%
10 Binance Staked SOL BNSOL $ 105.59
$ 983.41M
$ 983.41 million
+1.15%
11 Jito Staked SOL JITOSOL $ 121.12
$ 961.61M
$ 961.61 million
+1.00%
12 Rocket Pool ETH RETH $ 2,711.57
$ 901.66M
$ 901.66 million
+0.07%
13 Lombard Staked Bitcoin LBTC $ 80,941.23
$ 857.93M
$ 857.93 million
-0.11%
14 Mantle Staked Ether METH $ 2,550.87
$ 545.49M
$ 545.49 million
+0.16%
15 tBTC v2 TBTC $ 80,723.01
$ 416.82M
$ 416.82 million
-0.01%
16 Bitcoin Avalanche Bridged BTC.b $ 80,782.01
$ 310.52M
$ 310.52 million
+0.10%
17 Coinbase Wrapped Staked ETH CBETH $ 2,635.67
$ 307.55M
$ 307.55 million
+0.26%
18 Marinade staked SOL MSOL $ 130.40
$ 302.36M
$ 302.36 million
+1.32%
19 Binance-Peg XRP Token XRP $ 1.28
$ 293.43M
$ 293.43 million
-17.38%
20 Wrapped Centrifuge CFG $ 0.307
$ 177.44M
$ 177.44 million
+0.52%
21 Wrapped AVAX WAVAX $ 10.08
$ 162.60M
$ 162.60 million
+0.88%
22 Wrapped Solana SOL $ 94.88
$ 142.33M
$ 142.33 million
+0.97%
23 Coinbase Wrapped XRP CBXRP $ 1.45
$ 92.92M
$ 92.92 million
+1.86%
24 Wrapped TAO WTAO $ 317.73
$ 34.47M
$ 34.47 million
+1.48%
25 Wrapped NXM WNXM $ 58.96
$ 25.42M
$ 25.42 million
-0.38%
26 Wrapped Matic WMATIC $ 0.104
$ 14.84M
$ 14.84 million
+1.64%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.49M
$ 2.49 million
-8.73%
28 Wrapped NCG WNCG $ 0.00568
$ 1.82M
$ 1.82 million
+1.24%

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

29 Ethena Staked USDe sUSDe $ 3.96
$ 12.35B
$ 12.35 billion
+0.47%
30 Jupiter Staked SOL JUPSOL $ 112.47
$ 481.10M
$ 481.10 million
+1.04%
31 Solv BTC SOLVBTC $ 73,650.46
$ 475.36M
$ 475.36 million
-14.16%
32 BybitSOL BBSOL $ 109.07
$ 121.85M
$ 121.85 million
+1.00%
33 ckBTC ckBTC $ 80,596.44
$ 23.40M
$ 23.40 million
+0.21%
34 renBTC RENBTC $ 19,535.67
$ 5.95M
$ 5.95 million
+0.20%
35 ckUSDC CKUSDC $ 1.00
$ 1.59M
$ 1.59 million
+0.20%
36 ckETH ckETH $ 2,335.38
$ 1.44M
$ 1.44 million
+0.51%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,218.05
$ 35.16T
$ 35.16 trillion
+9.88%
38 Wrapped Banano WBAN $ 1,851.99
$ 68.66B
$ 68.66 billion
+353.55M%
39 Wrapped BTC (BitGo) WBTC $ 80,459.75
$ 9.53B
$ 9.53 billion
+0.07%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.20%
41 Wrapped Binance Beacon ETH WBETH $ 2,557.58
$ 3.31B
$ 3.31 billion
+0.17%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.957
$ 1.23B
$ 1.23 billion
-10.96%
43 USDC (Avalance) USDC $ 0.999
$ 721.01M
$ 721.01 million
+0.01%
44 Wrapped BTC (Wormhole) WBTC $ 80,602.17
$ 255.79M
$ 255.79 million
-0.04%
45 Binance Wrapped BTC BBTC $ 80,765.20
$ 234.22M
$ 234.22 million
-0.02%
46 Gate Wrapped BTC GTBTC $ 80,974.12
$ 186.21M
$ 186.21 million
-0.05%
47 Wrapped Fantom WFTM $ 0.0489
$ 106.95M
$ 106.95 million
+9.60%
48 TRON peg TRX $ 0.349
$ 104.10M
$ 104.10 million
+0.26%
49 Wrapped DAG WDAG $ 0.0207
$ 76.69M
$ 76.69 million
+22.89%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,294.25
$ 72.06M
$ 72.06 million
+0.98%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 572.60
$ 988.16M
$ 988.16 million
+10.62%
Coinbase Wrapped XRP CBXRP $ 1.45
$ 92.92M
$ 92.92 million
+1.86%
Wrapped Matic WMATIC $ 0.104
$ 14.84M
$ 14.84 million
+1.64%
Wrapped TAO WTAO $ 317.73
$ 34.47M
$ 34.47 million
+1.48%
Marinade staked SOL MSOL $ 130.40
$ 302.36M
$ 302.36 million
+1.32%
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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