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 $ 1,923.15
$ 16.96B
$ 16.96 billion
-1.25%
2 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.01%
3 Wrapped BTC WBTC $ 65,367.99
$ 8.98B
$ 8.98 billion
-1.42%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,362.45
$ 7.54B
$ 7.54 billion
-1.24%
5 Wrapped eETH weETH $ 2,092.68
$ 5.95B
$ 5.95 billion
-1.45%
6 Wrapped Ether WETH $ 1,924.21
$ 5.12B
$ 5.12 billion
-1.29%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.08%
8 Coinbase Wrapped BTC CBBTC $ 65,570.67
$ 2.88B
$ 2.88 billion
-1.41%
9 Bitcoin BEP2 BTCB $ 65,553.65
$ 2.56B
$ 2.56 billion
-1.44%
10 Jito Staked SOL JITOSOL $ 104.57
$ 1.18B
$ 1.18 billion
-1.71%
11 Wrapped BNB WBNB $ 614.07
$ 865.86M
$ 865.86 million
-0.17%
12 Rocket Pool ETH RETH $ 2,224.99
$ 798.51M
$ 798.51 million
-1.64%
13 Lombard Staked Bitcoin LBTC $ 66,238.15
$ 700.23M
$ 700.23 million
-0.35%
14 Mantle Staked Ether METH $ 2,076.38
$ 442.10M
$ 442.10 million
-2.21%
15 tBTC v2 TBTC $ 65,651.68
$ 388.19M
$ 388.19 million
-0.93%
16 Binance-Peg XRP Token XRP $ 1.35
$ 331.41M
$ 331.41 million
-1.51%
17 Marinade staked SOL MSOL $ 112.41
$ 284.48M
$ 284.48 million
-1.90%
18 Coinbase Wrapped Staked ETH CBETH $ 2,160.73
$ 271.75M
$ 271.75 million
-1.22%
19 Wrapped Solana SOL $ 82.81
$ 154.77M
$ 154.77 million
-1.73%
20 Wrapped AVAX WAVAX $ 8.92
$ 147.69M
$ 147.69 million
-2.17%
21 BybitSOL BBSOL $ 94.08
$ 111.57M
$ 111.57 million
-1.83%
22 Wrapped Centrifuge CFG $ 0.144
$ 82.92M
$ 82.92 million
+34.52%
23 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.70M
$ 28.70 million
-1.63%
24 Wrapped TAO WTAO $ 174.03
$ 20.61M
$ 20.61 million
-2.50%
25 Wrapped Matic WMATIC $ 0.104
$ 14.79M
$ 14.79 million
-2.77%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.05%

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

27 Wrapped TRON WTRX $ 0.280
$ 3.59B
$ 3.59 billion
-0.58%
28 Binance Staked SOL BNSOL $ 90.93
$ 892.01M
$ 892.01 million
-1.79%
29 Solv BTC SOLVBTC $ 65,405.03
$ 416.11M
$ 416.11 million
-1.70%
30 Jupiter Staked SOL JUPSOL $ 96.95
$ 406.02M
$ 406.02 million
-1.78%
31 Bitcoin Avalanche Bridged BTC.b $ 65,520.43
$ 251.85M
$ 251.85 million
-1.41%
32 ckBTC ckBTC $ 65,399.38
$ 30.87M
$ 30.87 million
-2.85%
33 Wrapped NXM WNXM $ 49.66
$ 24.01M
$ 24.01 million
+0.57%
34 ckUSDC CKUSDC $ 0.985
$ 1.83M
$ 1.83 million
-7.24%
35 Wrapped NCG WNCG $ 0.00544
$ 1.75M
$ 1.75 million
+1.70%
36 ckETH ckETH $ 1,932.56
$ 1.20M
$ 1.20 million
-1.78%
37 renBTC RENBTC $ 3,013.41
$ 917,577
$ 917,577
-2.53%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,173.16
$ 46.25T
$ 46.25 trillion
+3.81%
39 Wrapped DOGE WDOGE $ 0.102
$ 13.20B
$ 13.20 billion
-8.34%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.03%
41 Wrapped Binance Beacon ETH WBETH $ 2,096.83
$ 2.73B
$ 2.73 billion
-1.40%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.03%
43 USDC (Avalance) USDC $ 1.000
$ 721.11M
$ 721.11 million
-0.03%
44 Wrapped BTC (Wormhole) WBTC $ 65,380.63
$ 261.53M
$ 261.53 million
-1.32%
45 Binance Wrapped BTC BBTC $ 65,257.71
$ 189.25M
$ 189.25 million
-1.73%
46 Gate Wrapped BTC GTBTC $ 66,242.29
$ 152.33M
$ 152.33 million
-0.68%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
48 TRON peg TRX $ 0.281
$ 83.93M
$ 83.93 million
-0.08%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,084.38
$ 65.47M
$ 65.47 million
+5.78%
50 Binance-Peg Bitcoin Cash Token BCH $ 435.92
$ 42.07M
$ 42.07 million
-4.02%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.144
$ 82.92M
$ 82.92 million
+34.52%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.08%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.05%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.01%
Wrapped BNB WBNB $ 614.07
$ 865.86M
$ 865.86 million
-0.17%
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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