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 $ 2,033.26
$ 17.93B
$ 17.93 billion
+0.70%
2 Wrapped BTC WBTC $ 69,907.46
$ 9.61B
$ 9.61 billion
+1.18%
3 Binance-Peg BSC-USD BSC-USD $ 0.997
$ 8.96B
$ 8.96 billion
-0.23%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,500.11
$ 7.98B
$ 7.98 billion
+0.87%
5 Wrapped eETH weETH $ 2,216.46
$ 6.30B
$ 6.30 billion
+0.84%
6 Wrapped Ether WETH $ 2,036.43
$ 5.41B
$ 5.41 billion
+0.81%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 70,067.02
$ 3.08B
$ 3.08 billion
+1.15%
9 Bitcoin BEP2 BTCB $ 69,916.41
$ 2.94B
$ 2.94 billion
+0.95%
10 Jito Staked SOL JITOSOL $ 108.91
$ 1.22B
$ 1.22 billion
+0.58%
11 Binance Staked SOL BNSOL $ 94.86
$ 930.58M
$ 930.58 million
+0.39%
12 Wrapped BNB WBNB $ 642.91
$ 906.00M
$ 906.00 million
+0.68%
13 Rocket Pool ETH RETH $ 2,361.52
$ 847.51M
$ 847.51 million
+1.22%
14 Lombard Staked Bitcoin LBTC $ 70,301.33
$ 743.53M
$ 743.53 million
+2.28%
15 Solv BTC SOLVBTC $ 69,876.68
$ 445.34M
$ 445.34 million
+1.48%
16 Jupiter Staked SOL JUPSOL $ 100.93
$ 422.69M
$ 422.69 million
+0.51%
17 tBTC v2 TBTC $ 69,931.16
$ 413.50M
$ 413.50 million
+1.18%
18 Binance-Peg XRP Token XRP $ 1.39
$ 340.22M
$ 340.22 million
+1.23%
19 Coinbase Wrapped Staked ETH CBETH $ 2,290.22
$ 287.95M
$ 287.95 million
+0.83%
20 Bitcoin Avalanche Bridged BTC.b $ 70,061.04
$ 269.31M
$ 269.31 million
+1.14%
21 Marinade staked SOL MSOL $ 117.23
$ 244.30M
$ 244.30 million
+0.60%
22 Wrapped Solana SOL $ 86.09
$ 160.92M
$ 160.92 million
+0.32%
23 Wrapped AVAX WAVAX $ 9.54
$ 157.79M
$ 157.79 million
+2.07%
24 BybitSOL BBSOL $ 97.73
$ 114.86M
$ 114.86 million
-0.04%
25 Wrapped Centrifuge CFG $ 0.139
$ 80.10M
$ 80.10 million
+0.07%
26 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.50M
$ 29.50 million
+1.11%
27 Wrapped Matic WMATIC $ 0.0961
$ 13.67M
$ 13.67 million
+0.09%
28 Axelar Wrapped USDC AXLUSDC $ 0.998
$ 2.55M
$ 2.55 million
-0.20%
29 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
+1.72%

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

30 Mantle Staked Ether METH $ 2,211.65
$ 470.90M
$ 470.90 million
+0.49%
31 ckBTC ckBTC $ 70,719.94
$ 33.38M
$ 33.38 million
+3.00%
32 Wrapped NXM WNXM $ 51.65
$ 24.98M
$ 24.98 million
+1.31%
33 Wrapped TAO WTAO $ 199.34
$ 23.60M
$ 23.60 million
+1.20%
34 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
-0.13%
35 ckETH ckETH $ 2,060.98
$ 1.27M
$ 1.27 million
+3.02%
36 renBTC RENBTC $ 3,600.12
$ 1.10M
$ 1.10 million
+15.48%
37 ckOCT CKOCT $ 0.00317
$ 56.21T
$ 56.21 trillion
-54.38%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,159.35
$ 46.13T
$ 46.13 trillion
+1.23%
39 Wrapped DOGE WDOGE $ 0.112
$ 14.44B
$ 14.44 billion
+5.12%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,222.98
$ 2.89B
$ 2.89 billion
+0.82%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.997
$ 1.29B
$ 1.29 billion
-0.13%
43 USDC (Avalance) USDC $ 0.998
$ 719.77M
$ 719.77 million
-0.07%
44 Wrapped BTC (Wormhole) WBTC $ 69,822.59
$ 279.10M
$ 279.10 million
+1.25%
45 Binance Wrapped BTC BBTC $ 70,034.14
$ 203.10M
$ 203.10 million
+1.64%
46 Gate Wrapped BTC GTBTC $ 70,237.37
$ 161.52M
$ 161.52 million
+1.01%
47 TRON peg TRX $ 0.282
$ 84.22M
$ 84.22 million
-1.24%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,169.61
$ 68.15M
$ 68.15 million
+1.03%
49 Binance-Peg Bitcoin Cash Token BCH $ 443.97
$ 42.84M
$ 42.84 million
-0.91%
50 Wrapped BTC WBTC.E $ 69,687.58
$ 30.52M
$ 30.52 million
+1.43%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Lombard Staked Bitcoin LBTC $ 70,301.33
$ 743.53M
$ 743.53 million
+2.28%
Wrapped AVAX WAVAX $ 9.54
$ 157.79M
$ 157.79 million
+2.07%
Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
+1.72%
Solv BTC SOLVBTC $ 69,876.68
$ 445.34M
$ 445.34 million
+1.48%
Binance-Peg XRP Token XRP $ 1.39
$ 340.22M
$ 340.22 million
+1.23%
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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