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 $ 2,143.34
$ 18.90B
$ 18.90 billion
+8.06%
2 Wrapped BTC WBTC $ 72,647.46
$ 9.98B
$ 9.98 billion
+6.61%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.09%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,625.16
$ 8.38B
$ 8.38 billion
+7.82%
5 Wrapped eETH weETH $ 2,335.72
$ 6.64B
$ 6.64 billion
+8.16%
6 Wrapped Ether WETH $ 2,134.59
$ 5.67B
$ 5.67 billion
+7.67%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.03%
8 Coinbase Wrapped BTC CBBTC $ 73,045.33
$ 3.21B
$ 3.21 billion
+6.94%
9 Bitcoin BEP2 BTCB $ 72,864.30
$ 3.06B
$ 3.06 billion
+6.68%
10 Jito Staked SOL JITOSOL $ 116.11
$ 1.30B
$ 1.30 billion
+6.34%
11 Wrapped BNB WBNB $ 658.52
$ 928.05M
$ 928.05 million
+3.93%
12 Rocket Pool ETH RETH $ 2,481.32
$ 890.51M
$ 890.51 million
+8.13%
13 Lombard Staked Bitcoin LBTC $ 73,153.01
$ 773.36M
$ 773.36 million
+7.23%
14 Mantle Staked Ether METH $ 2,337.96
$ 497.79M
$ 497.79 million
+8.73%
15 Solv BTC SOLVBTC $ 73,028.36
$ 476.61M
$ 476.61 million
+7.40%
16 tBTC v2 TBTC $ 72,934.01
$ 431.25M
$ 431.25 million
+6.82%
17 Binance-Peg XRP Token XRP $ 1.44
$ 353.80M
$ 353.80 million
+6.07%
18 Marinade staked SOL MSOL $ 125.30
$ 317.10M
$ 317.10 million
+6.81%
19 Coinbase Wrapped Staked ETH CBETH $ 2,401.70
$ 301.97M
$ 301.97 million
+7.80%
20 Bitcoin Avalanche Bridged BTC.b $ 73,146.78
$ 281.17M
$ 281.17 million
+7.36%
21 Wrapped Solana SOL $ 91.95
$ 171.86M
$ 171.86 million
+6.51%
22 Wrapped AVAX WAVAX $ 9.58
$ 158.46M
$ 158.46 million
+4.53%
23 BybitSOL BBSOL $ 104.12
$ 123.41M
$ 123.41 million
+6.40%
24 Wrapped Centrifuge CFG $ 0.141
$ 81.01M
$ 81.01 million
+21.17%
25 Coinbase Wrapped XRP CBXRP $ 1.45
$ 30.76M
$ 30.76 million
+6.26%
26 Wrapped NXM WNXM $ 54.07
$ 26.14M
$ 26.14 million
+4.83%
27 Wrapped Matic WMATIC $ 0.104
$ 14.81M
$ 14.81 million
+3.10%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.04%

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

29 Binance Staked SOL BNSOL $ 100.72
$ 988.05M
$ 988.05 million
+6.04%
30 Jupiter Staked SOL JUPSOL $ 107.98
$ 452.25M
$ 452.25 million
+6.70%
31 ckBTC ckBTC $ 72,351.05
$ 34.15M
$ 34.15 million
+5.85%
32 Wrapped TAO WTAO $ 190.97
$ 22.61M
$ 22.61 million
+4.66%
33 ckUSDC CKUSDC $ 0.994
$ 1.85M
$ 1.85 million
-0.87%
34 Wrapped NCG WNCG $ 0.00550
$ 1.76M
$ 1.76 million
+1.67%
35 ckETH ckETH $ 2,142.81
$ 1.33M
$ 1.33 million
+7.82%
36 renBTC RENBTC $ 3,254.39
$ 990,955
$ 990,955
+8.07%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,776.74
$ 42.71T
$ 42.71 trillion
-6.35%
38 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.07%
39 Wrapped Binance Beacon ETH WBETH $ 2,330.51
$ 3.03B
$ 3.03 billion
+7.78%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.07%
41 USDC (Avalance) USDC $ 1.00
$ 722.06M
$ 722.06 million
+0.09%
42 Wrapped BTC (Wormhole) WBTC $ 72,892.91
$ 291.38M
$ 291.38 million
+6.88%
43 Binance Wrapped BTC BBTC $ 73,118.19
$ 212.04M
$ 212.04 million
+7.59%
44 Gate Wrapped BTC GTBTC $ 73,279.14
$ 168.51M
$ 168.51 million
+6.89%
45 TRON peg TRX $ 0.287
$ 85.76M
$ 85.76 million
+2.30%
46 Kelp DAO Wrapped rsETH WRSETH $ 2,282.56
$ 71.70M
$ 71.70 million
+7.96%
47 Binance-Peg Bitcoin Cash Token BCH $ 470.32
$ 45.39M
$ 45.39 million
+7.20%
48 Wrapped BTC WBTC.E $ 73,117.69
$ 32.03M
$ 32.03 million
+7.05%
49 ETH by Sui Bridge ETH $ 2,163.70
$ 29.75M
$ 29.75 million
+8.95%
50 Wrapped XRP WXRP $ 1.46
$ 26.13M
$ 26.13 million
+8.25%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.141
$ 81.01M
$ 81.01 million
+21.17%
Mantle Staked Ether METH $ 2,337.96
$ 497.79M
$ 497.79 million
+8.73%
Wrapped eETH weETH $ 2,335.72
$ 6.64B
$ 6.64 billion
+8.16%
Rocket Pool ETH RETH $ 2,481.32
$ 890.51M
$ 890.51 million
+8.13%
Lido Staked Ether stETH $ 2,143.34
$ 18.90B
$ 18.90 billion
+8.06%
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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