Wrapped coins

221 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 $ 2,263.86
$ 19.85B
$ 19.85 billion
-0.60%
2 Wrapped BTC WBTC $ 79,263.35
$ 10.88B
$ 10.88 billion
-1.27%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,792.57
$ 9.35B
$ 9.35 billion
-0.67%
4 Binance-Peg BSC-USD BSC-USD $ 0.969
$ 8.71B
$ 8.71 billion
+9.89%
5 Wrapped Ether WETH $ 2,264.34
$ 6.02B
$ 6.02 billion
-0.59%
6 Wrapped eETH weETH $ 2,473.60
$ 4.34B
$ 4.34 billion
-0.82%
7 Bitcoin BEP2 BTCB $ 75,560.83
$ 3.18B
$ 3.18 billion
+6.96%
8 Coinbase Wrapped BTC CBBTC $ 79,431.07
$ 3.17B
$ 3.17 billion
-1.31%
9 Wrapped BNB WBNB $ 572.92
$ 988.71M
$ 988.71 million
+2.37%
10 Binance Staked SOL BNSOL $ 101.40
$ 944.42M
$ 944.42 million
-3.08%
11 Jito Staked SOL JITOSOL $ 116.57
$ 925.54M
$ 925.54 million
-3.16%
12 Rocket Pool ETH RETH $ 2,630.33
$ 877.60M
$ 877.60 million
-0.89%
13 Lombard Staked Bitcoin LBTC $ 79,606.90
$ 843.64M
$ 843.64 million
-1.41%
14 tBTC v2 TBTC $ 79,282.17
$ 411.07M
$ 411.07 million
-1.44%
15 Binance-Peg XRP Token XRP $ 1.37
$ 313.58M
$ 313.58 million
+16.42%
16 Bitcoin Avalanche Bridged BTC.b $ 79,447.51
$ 305.39M
$ 305.39 million
-1.35%
17 Coinbase Wrapped Staked ETH CBETH $ 2,559.45
$ 299.09M
$ 299.09 million
-0.55%
18 Marinade staked SOL MSOL $ 125.63
$ 291.29M
$ 291.29 million
-3.34%
19 Wrapped AVAX WAVAX $ 9.77
$ 157.56M
$ 157.56 million
-0.90%
20 Wrapped Centrifuge CFG $ 0.270
$ 155.98M
$ 155.98 million
-4.09%
21 Wrapped Solana SOL $ 91.28
$ 136.92M
$ 136.92 million
-3.06%
22 Wrapped Matic WMATIC $ 0.0956
$ 13.62M
$ 13.62 million
-3.58%
23 Axelar Wrapped USDC AXLUSDC $ 0.981
$ 2.43M
$ 2.43 million
+7.35%
24 Wrapped NCG WNCG $ 0.00578
$ 1.86M
$ 1.86 million
+0.58%

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

25 Ethena Staked USDe sUSDe $ 3.80
$ 11.83B
$ 11.83 billion
-0.98%
26 Mantle Staked Ether METH $ 2,475.26
$ 560.34M
$ 560.34 million
-0.91%
27 Solv BTC SOLVBTC $ 74,749.43
$ 481.52M
$ 481.52 million
+10.56%
28 Jupiter Staked SOL JUPSOL $ 108.16
$ 463.87M
$ 463.87 million
-3.22%
29 BybitSOL BBSOL $ 105.12
$ 118.46M
$ 118.46 million
-2.98%
30 Coinbase Wrapped XRP CBXRP $ 1.43
$ 100.96M
$ 100.96 million
-0.66%
31 Wrapped TAO WTAO $ 294.52
$ 31.95M
$ 31.95 million
-4.99%
32 Wrapped NXM WNXM $ 59.68
$ 25.88M
$ 25.88 million
+2.39%
33 ckBTC ckBTC $ 79,956.65
$ 23.21M
$ 23.21 million
-1.87%
34 renBTC RENBTC $ 16,194.26
$ 4.93M
$ 4.93 million
-14.64%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.16%
36 ckETH ckETH $ 2,257.56
$ 1.40M
$ 1.40 million
-1.69%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,206.02
$ 30.81T
$ 30.81 trillion
-6.11%
38 Wrapped DOGE WDOGE $ 0.113
$ 14.62B
$ 14.62 billion
+3.09%
39 Wrapped BTC (BitGo) WBTC $ 79,459.22
$ 9.41B
$ 9.41 billion
-1.20%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.48%
41 Wrapped Binance Beacon ETH WBETH $ 2,478.31
$ 3.07B
$ 3.07 billion
-0.74%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.966
$ 1.24B
$ 1.24 billion
+16.55%
43 USDC (Avalance) USDC $ 0.999
$ 720.43M
$ 720.43 million
+0.18%
44 Wrapped BTC (Wormhole) WBTC $ 79,238.96
$ 251.14M
$ 251.14 million
-1.33%
45 Binance Wrapped BTC BBTC $ 79,390.95
$ 230.23M
$ 230.23 million
-1.36%
46 Gate Wrapped BTC GTBTC $ 79,740.35
$ 183.37M
$ 183.37 million
-1.26%
47 TRON peg TRX $ 0.349
$ 104.37M
$ 104.37 million
+0.48%
48 Wrapped Fantom WFTM $ 0.0462
$ 101.07M
$ 101.07 million
+2.28%
49 Wrapped DAG WDAG $ 0.0200
$ 74.16M
$ 74.16 million
+3.28%
50 Bitget Wrapped BTC BGBTC $ 79,530.10
$ 41.27M
$ 41.27 million
-1.14%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg XRP Token XRP $ 1.37
$ 313.58M
$ 313.58 million
+16.42%
Binance-Peg BSC-USD BSC-USD $ 0.969
$ 8.71B
$ 8.71 billion
+9.89%
Axelar Wrapped USDC AXLUSDC $ 0.981
$ 2.43M
$ 2.43 million
+7.35%
Bitcoin BEP2 BTCB $ 75,560.83
$ 3.18B
$ 3.18 billion
+6.96%
Wrapped BNB WBNB $ 572.92
$ 988.71M
$ 988.71 million
+2.37%
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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