Wrapped coins

189 coins #20

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 ckOCT CKOCT $ 0.0167
$ 296.43T
$ 296.43 trillion
-31.75%
2 Wrapped DOGE WDOGE $ 0.127
$ 16.36B
$ 16.36 billion
-0.98%
3 Wrapped BTC WBTC $ 88,485.63
$ 12.17B
$ 12.17 billion
+1.33%
4 Wrapped liquid staked Ether 2.0 wstETH $ 3,626.76
$ 12.11B
$ 12.11 billion
+1.44%
5 Binance-Peg BSC-USD BSC-USD $ 0.995
$ 8.94B
$ 8.94 billion
-1.16%
6 Wrapped eETH weETH $ 3,218.47
$ 8.78B
$ 8.78 billion
+1.44%
7 Wrapped Ether WETH $ 2,967.17
$ 7.86B
$ 7.86 billion
+1.46%
8 Wrapped Binance Beacon ETH WBETH $ 3,228.28
$ 4.53B
$ 4.53 billion
+1.47%
9 USDC (BASE) USDC $ 1.000
$ 4.41B
$ 4.41 billion
-0.23%
10 Coinbase Wrapped BTC CBBTC $ 88,658.67
$ 3.72B
$ 3.72 billion
+1.34%
11 Wrapped TRON WTRX $ 0.278
$ 3.57B
$ 3.57 billion
-0.13%
12 Bitcoin BEP2 BTCB $ 88,366.37
$ 3.47B
$ 3.47 billion
+0.76%
13 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
-0.32%
14 Wrapped BNB WBNB $ 839.56
$ 1.13B
$ 1.13 billion
+0.15%
15 USDC (Avalance) USDC $ 1.00
$ 722.86M
$ 722.86 million
+0.23%
16 tBTC v2 TBTC $ 88,469.38
$ 539.34M
$ 539.34 million
+1.31%
17 Wrapped BTC (Wormhole) WBTC $ 88,375.27
$ 352.45M
$ 352.45 million
+1.22%
18 Binance Wrapped BTC BBTC $ 88,665.44
$ 257.13M
$ 257.13 million
+1.33%
19 Wrapped AVAX WAVAX $ 12.47
$ 220.85M
$ 220.85 million
+2.54%
20 Gate Wrapped BTC GTBTC $ 88,822.73
$ 204.26M
$ 204.26 million
+1.42%
21 TRON peg TRX $ 0.279
$ 83.42M
$ 83.42 million
+0.02%
22 Wrapped Centrifuge CFG $ 0.115
$ 65.78M
$ 65.78 million
+0.32%
23 Binance-Peg Bitcoin Cash Token BCH $ 601.63
$ 58.06M
$ 58.06 million
+2.37%
24 Wrapped DAG WDAG $ 0.0121
$ 44.77M
$ 44.77 million
+0.61%
25 ETH by Sui Bridge ETH $ 2,957.74
$ 42.82M
$ 42.82 million
+1.44%
26 ckBTC ckBTC $ 89,175.03
$ 42.09M
$ 42.09 million
+2.24%
27 Wrapped BTC WBTC.E $ 88,494.68
$ 38.76M
$ 38.76 million
+1.55%
28 Coinbase Wrapped XRP CBXRP $ 1.87
$ 36.59M
$ 36.59 million
+0.64%
29 Wrapped NXM WNXM $ 71.26
$ 34.83M
$ 34.83 million
-0.19%
30 Wrapped XRP WXRP $ 1.87
$ 33.64M
$ 33.64 million
+0.45%
31 DETH DETH $ 2,982.09
$ 27.70M
$ 27.70 million
+1.39%
32 Wrapped TAO WTAO $ 224.09
$ 25.38M
$ 25.38 million
+1.57%
33 Wrapped Axelar WAXL $ 0.0725
$ 17.08M
$ 17.08 million
-2.25%
34 Wrapped Matic WMATIC $ 0.104
$ 14.87M
$ 14.87 million
-0.84%
35 Wrapped FRAX WFRAX $ 0.702
$ 12.97M
$ 12.97 million
+3.57%
36 Wrapped QUIL wQUIL $ 0.0132
$ 11.89M
$ 11.89 million
-10.15%
37 iShares Gold Trust (Ondo Tokenized) IAUon $ 84.84
$ 10.17M
$ 10.17 million
+0.76%
38 Tesla tokenized stock (xStock) TSLAX $ 485.87
$ 5.34M
$ 5.34 million
+0.10%
39 Wrapped WDOGE WWDOGE $ 0.158
$ 4.38M
$ 4.38 million
-3.05%
40 Wrapped Cardano WADA $ 0.354
$ 4.24M
$ 4.24 million
+0.94%
41 Solana (Universal) USOL $ 124.02
$ 3.78M
$ 3.78 million
+1.86%
42 SPUSD SPUSD $ 1.00
$ 3.62M
$ 3.62 million
-0.17%
43 OKX Wrapped BTC XBTC $ 88,923.10
$ 3.47M
$ 3.47 million
+1.56%
44 ckUSDT CKUSDT $ 0.996
$ 3.47M
$ 3.47 million
-0.22%
45 XRP (Universal) UXRP $ 1.87
$ 3.41M
$ 3.41 million
+0.65%
46 Coinbase Wrapped DOGE CBDOGE $ 0.126
$ 3.20M
$ 3.20 million
-0.22%
47 Bridged USDT (Sonic Labs) USDT $ 1.000
$ 2.71M
$ 2.71 million
+0.01%
48 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.56M
$ 2.56 million
-0.26%
49 Wrapped NCG WNCG $ 0.00780
$ 2.44M
$ 2.44 million
-0.58%
50 Coinbase Wrapped LTC cbLTC $ 77.15
$ 2.38M
$ 2.38 million
+1.03%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped XTZ WXTZ $ 0.458
$ 205,718
$ 205,718
+0.82%
Wrapped WAN WWAN $ --
$ --
$ --
--%
Wrapped Mountain Protocol USD WUSDM $ --
$ --
$ --
--%
Aptos (Universal) UAPT $ 1.69
$ 34,067
$ 34,067
+2.79%
Wrapped stkscETH wstkscETH $ --
$ --
$ --
--%
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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