Wrapped coins

218 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 $ 2,343.03
$ 21.22B
$ 21.22 billion
-1.11%
2 Wrapped BTC WBTC $ 81,050.60
$ 11.13B
$ 11.13 billion
-0.31%
3 Binance-Peg BSC-USD BSC-USD $ 1.09
$ 9.83B
$ 9.83 billion
+10.38%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,889.13
$ 9.77B
$ 9.77 billion
-1.12%
5 Wrapped Ether WETH $ 2,343.65
$ 6.23B
$ 6.23 billion
-1.23%
6 Wrapped eETH weETH $ 2,561.43
$ 5.10B
$ 5.10 billion
-0.95%
7 Bitcoin BEP2 BTCB $ 86,720.75
$ 3.66B
$ 3.66 billion
+7.15%
8 Coinbase Wrapped BTC CBBTC $ 81,301.98
$ 2.99B
$ 2.99 billion
-0.32%
9 Wrapped BNB WBNB $ 597.32
$ 1.03B
$ 1.03 billion
-1.31%
10 Binance Staked SOL BNSOL $ 98.81
$ 920.30M
$ 920.30 million
+3.02%
11 Rocket Pool ETH RETH $ 2,727.57
$ 911.21M
$ 911.21 million
-1.11%
12 Jito Staked SOL JITOSOL $ 113.47
$ 900.86M
$ 900.86 million
+3.11%
13 Lombard Staked Bitcoin LBTC $ 81,574.34
$ 864.75M
$ 864.75 million
-0.07%
14 Mantle Staked Ether METH $ 2,558.62
$ 563.40M
$ 563.40 million
-0.84%
15 tBTC v2 TBTC $ 81,263.17
$ 431.52M
$ 431.52 million
-0.26%
16 Bitcoin Avalanche Bridged BTC.b $ 81,293.96
$ 312.49M
$ 312.49 million
-0.18%
17 Binance-Peg XRP Token XRP $ 1.36
$ 310.38M
$ 310.38 million
-2.14%
18 Coinbase Wrapped Staked ETH CBETH $ 2,643.76
$ 308.50M
$ 308.50 million
-1.19%
19 Marinade staked SOL MSOL $ 122.34
$ 284.66M
$ 284.66 million
+3.35%
20 Wrapped AVAX WAVAX $ 9.57
$ 159.12M
$ 159.12 million
+1.80%
21 Wrapped Centrifuge CFG $ 0.271
$ 156.25M
$ 156.25 million
+8.56%
22 Wrapped Solana SOL $ 89.01
$ 133.52M
$ 133.52 million
+3.16%
23 Wrapped NXM WNXM $ 60.65
$ 26.69M
$ 26.69 million
+1.42%
24 Wrapped Matic WMATIC $ 0.0983
$ 13.98M
$ 13.98 million
+0.38%
25 Axelar Wrapped USDC AXLUSDC $ 1.05
$ 2.60M
$ 2.60 million
+4.88%
26 Wrapped NCG WNCG $ 0.00552
$ 1.77M
$ 1.77 million
+2.90%

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

27 Ethena Staked USDe sUSDe $ 3.92
$ 12.20B
$ 12.20 billion
-6.38%
28 Solv BTC SOLVBTC $ 82,990.21
$ 524.00M
$ 524.00 million
+1.35%
29 Jupiter Staked SOL JUPSOL $ 105.55
$ 451.48M
$ 451.48 million
+3.53%
30 BybitSOL BBSOL $ 102.25
$ 110.02M
$ 110.02 million
+3.09%
31 Coinbase Wrapped XRP CBXRP $ 1.42
$ 91.27M
$ 91.27 million
+0.69%
32 Wrapped TAO WTAO $ 314.01
$ 34.07M
$ 34.07 million
+10.22%
33 ckBTC ckBTC $ 82,363.94
$ 23.91M
$ 23.91 million
-0.74%
34 renBTC RENBTC $ 16,392.15
$ 4.99M
$ 4.99 million
+8.79%
35 ckUSDC CKUSDC $ 0.998
$ 1.58M
$ 1.58 million
-1.92%
36 ckETH ckETH $ 2,361.04
$ 1.46M
$ 1.46 million
-2.27%
37 ckOCT CKOCT $ 0.00468
$ 82.89T
$ 82.89 trillion
+79.37%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,519.82
$ 30.46T
$ 30.46 trillion
-2.52%
39 Wrapped Banano WBAN $ 1,977.44
$ 73.31B
$ 73.31 billion
+388.88M%
40 Wrapped DOGE WDOGE $ 0.114
$ 14.74B
$ 14.74 billion
+0.51%
41 Wrapped BTC (BitGo) WBTC $ 81,042.19
$ 9.59B
$ 9.59 billion
-0.16%
42 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.06%
43 Wrapped Binance Beacon ETH WBETH $ 2,569.92
$ 3.33B
$ 3.33 billion
-1.14%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.10
$ 1.42B
$ 1.42 billion
+12.92%
45 USDC (Avalance) USDC $ 0.999
$ 720.36M
$ 720.36 million
+0.11%
46 Wrapped BTC (Wormhole) WBTC $ 81,053.79
$ 257.22M
$ 257.22 million
-0.29%
47 Binance Wrapped BTC BBTC $ 81,345.85
$ 235.90M
$ 235.90 million
-0.08%
48 Gate Wrapped BTC GTBTC $ 81,550.62
$ 187.53M
$ 187.53 million
-0.34%
49 TRON peg TRX $ 0.346
$ 103.25M
$ 103.25 million
+0.39%
50 Wrapped Fantom WFTM $ 0.0467
$ 102.12M
$ 102.12 million
+7.51%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.09
$ 9.83B
$ 9.83 billion
+10.38%
Wrapped Centrifuge CFG $ 0.271
$ 156.25M
$ 156.25 million
+8.56%
Bitcoin BEP2 BTCB $ 86,720.75
$ 3.66B
$ 3.66 billion
+7.15%
Axelar Wrapped USDC AXLUSDC $ 1.05
$ 2.60M
$ 2.60 million
+4.88%
Marinade staked SOL MSOL $ 122.34
$ 284.66M
$ 284.66 million
+3.35%
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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