Wrapped coins

214 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 $ 2,327.12
$ 21.81B
$ 21.81 billion
-2.86%
2 Wrapped BTC WBTC $ 77,780.80
$ 10.69B
$ 10.69 billion
-1.17%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,862.74
$ 9.75B
$ 9.75 billion
-3.15%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.13%
5 Wrapped Ether WETH $ 2,333.99
$ 6.21B
$ 6.21 billion
-2.92%
6 Wrapped eETH weETH $ 2,538.15
$ 5.62B
$ 5.62 billion
-3.10%
7 Bitcoin BEP2 BTCB $ 78,087.23
$ 3.29B
$ 3.29 billion
-1.20%
8 Coinbase Wrapped BTC CBBTC $ 78,174.61
$ 2.84B
$ 2.84 billion
-1.00%
9 Wrapped BNB WBNB $ 636.86
$ 1.10B
$ 1.10 billion
-2.25%
10 Jito Staked SOL JITOSOL $ 109.73
$ 989.57M
$ 989.57 million
-2.95%
11 Rocket Pool ETH RETH $ 2,706.27
$ 907.86M
$ 907.86 million
-2.84%
12 Lombard Staked Bitcoin LBTC $ 77,882.37
$ 826.09M
$ 826.09 million
-1.38%
13 Mantle Staked Ether METH $ 2,534.86
$ 675.35M
$ 675.35 million
-2.96%
14 Solv BTC SOLVBTC $ 77,703.89
$ 491.69M
$ 491.69 million
-1.74%
15 tBTC v2 TBTC $ 77,786.93
$ 448.47M
$ 448.47 million
-1.10%
16 Binance-Peg XRP Token XRP $ 1.43
$ 325.44M
$ 325.44 million
-2.31%
17 Coinbase Wrapped Staked ETH CBETH $ 2,628.27
$ 312.73M
$ 312.73 million
-2.85%
18 Bitcoin Avalanche Bridged BTC.b $ 77,743.81
$ 298.84M
$ 298.84 million
-1.45%
19 Marinade staked SOL MSOL $ 118.17
$ 240.01M
$ 240.01 million
-2.79%
20 Wrapped AVAX WAVAX $ 9.29
$ 147.85M
$ 147.85 million
-2.70%
21 Wrapped Centrifuge CFG $ 0.241
$ 139.22M
$ 139.22 million
-2.81%
22 Wrapped Solana SOL $ 86.14
$ 129.21M
$ 129.21 million
-3.02%
23 Coinbase Wrapped XRP CBXRP $ 1.42
$ 86.76M
$ 86.76 million
-2.24%
24 Wrapped NXM WNXM $ 55.34
$ 26.24M
$ 26.24 million
-0.94%
25 Wrapped Matic WMATIC $ 0.0958
$ 13.64M
$ 13.64 million
+1.75%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+0.03%

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

27 Ethena Staked USDe sUSDe $ 2.88
$ 8.98B
$ 8.98 billion
-2.25%
28 Binance Staked SOL BNSOL $ 95.43
$ 889.78M
$ 889.78 million
-2.84%
29 Jupiter Staked SOL JUPSOL $ 101.76
$ 435.11M
$ 435.11 million
-3.10%
30 BybitSOL BBSOL $ 98.74
$ 98.98M
$ 98.98 million
-3.00%
31 Wrapped TAO WTAO $ 243.38
$ 27.10M
$ 27.10 million
+0.84%
32 ckBTC ckBTC $ 77,627.35
$ 22.54M
$ 22.54 million
-1.94%
33 renBTC RENBTC $ 13,480.60
$ 4.10M
$ 4.10 million
-7.44%
34 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
-1.12%
35 ckUSDC CKUSDC $ 1.01
$ 1.59M
$ 1.59 million
+0.32%
36 ckETH ckETH $ 2,327.67
$ 1.44M
$ 1.44 million
-2.45%
37 ckOCT CKOCT $ 0.00717
$ 127.04T
$ 127.04 trillion
-8.32%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,608.22
$ 31.05T
$ 31.05 trillion
-2.85%
39 Wrapped BTC (BitGo) WBTC $ 77,691.67
$ 9.30B
$ 9.30 billion
-1.03%
40 USDC (BASE) USDC $ 0.997
$ 4.33B
$ 4.33 billion
-0.00%
41 Wrapped Binance Beacon ETH WBETH $ 2,556.90
$ 3.31B
$ 3.31 billion
-2.78%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.994
$ 1.28B
$ 1.28 billion
-0.30%
43 USDC (Avalance) USDC $ 0.995
$ 717.93M
$ 717.93 million
-0.18%
44 Wrapped BTC (Wormhole) WBTC $ 77,937.23
$ 247.33M
$ 247.33 million
-0.94%
45 Binance Wrapped BTC BBTC $ 77,792.98
$ 225.60M
$ 225.60 million
-1.30%
46 Gate Wrapped BTC GTBTC $ 78,418.29
$ 180.33M
$ 180.33 million
-0.94%
47 Wrapped Fantom WFTM $ 0.0455
$ 99.51M
$ 99.51 million
-0.54%
48 TRON peg TRX $ 0.328
$ 97.85M
$ 97.85 million
-1.36%
49 Binance-Peg Bitcoin Cash Token BCH $ 457.06
$ 44.11M
$ 44.11 million
-1.86%
50 Wrapped BTC WBTC.E $ 77,039.19
$ 33.74M
$ 33.74 million
-1.95%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0958
$ 13.64M
$ 13.64 million
+1.75%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+0.03%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.13%
Wrapped NXM WNXM $ 55.34
$ 26.24M
$ 26.24 million
-0.94%
Coinbase Wrapped BTC CBBTC $ 78,174.61
$ 2.84B
$ 2.84 billion
-1.00%
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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