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 $ 1,924.95
$ 16.98B
$ 16.98 billion
-2.40%
2 Wrapped BTC WBTC $ 66,213.31
$ 9.10B
$ 9.10 billion
-1.25%
3 Binance-Peg BSC-USD BSC-USD $ 0.986
$ 8.85B
$ 8.85 billion
-1.37%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,357.10
$ 7.53B
$ 7.53 billion
-2.97%
5 Wrapped eETH weETH $ 2,090.23
$ 5.95B
$ 5.95 billion
-2.57%
6 Wrapped Ether WETH $ 1,927.54
$ 5.12B
$ 5.12 billion
-2.31%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.05%
8 Coinbase Wrapped BTC CBBTC $ 66,427.80
$ 2.92B
$ 2.92 billion
-1.18%
9 Bitcoin BEP2 BTCB $ 66,566.14
$ 2.59B
$ 2.59 billion
-0.89%
10 Jito Staked SOL JITOSOL $ 101.74
$ 1.14B
$ 1.14 billion
-1.99%
11 Binance Staked SOL BNSOL $ 88.70
$ 870.13M
$ 870.13 million
-1.95%
12 Wrapped BNB WBNB $ 601.52
$ 847.70M
$ 847.70 million
-2.39%
13 Rocket Pool ETH RETH $ 2,232.15
$ 801.08M
$ 801.08 million
-2.82%
14 Lombard Staked Bitcoin LBTC $ 66,511.72
$ 703.98M
$ 703.98 million
-1.35%
15 tBTC v2 TBTC $ 66,247.86
$ 391.72M
$ 391.72 million
-1.25%
16 Marinade staked SOL MSOL $ 109.64
$ 277.32M
$ 277.32 million
-2.07%
17 Coinbase Wrapped Staked ETH CBETH $ 2,159.66
$ 271.54M
$ 271.54 million
-2.46%
18 Wrapped Solana SOL $ 80.73
$ 150.93M
$ 150.93 million
-1.98%
19 Wrapped AVAX WAVAX $ 8.89
$ 147.13M
$ 147.13 million
-1.66%
20 BybitSOL BBSOL $ 91.50
$ 107.91M
$ 107.91 million
-1.96%
21 Wrapped Centrifuge CFG $ 0.0778
$ 44.68M
$ 44.68 million
-6.63%
22 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.57M
$ 29.57 million
-5.03%
23 Wrapped TAO WTAO $ 178.40
$ 21.12M
$ 21.12 million
-2.86%
24 Wrapped Matic WMATIC $ 0.105
$ 14.89M
$ 14.89 million
-4.54%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.07%
26 Wrapped NCG WNCG $ 0.00563
$ 1.81M
$ 1.81 million
-4.60%

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

27 Wrapped TRON WTRX $ 0.282
$ 3.62B
$ 3.62 billion
+0.92%
28 Solv BTC SOLVBTC $ 66,583.09
$ 457.18M
$ 457.18 million
-0.64%
29 Mantle Staked Ether METH $ 2,080.24
$ 442.92M
$ 442.92 million
-3.25%
30 Jupiter Staked SOL JUPSOL $ 94.25
$ 394.67M
$ 394.67 million
-2.09%
31 Binance-Peg XRP Token XRP $ 1.39
$ 341.95M
$ 341.95 million
-4.99%
32 Bitcoin Avalanche Bridged BTC.b $ 66,383.04
$ 255.17M
$ 255.17 million
-1.05%
33 ckBTC ckBTC $ 65,784.43
$ 31.05M
$ 31.05 million
-0.91%
34 Wrapped NXM WNXM $ 51.11
$ 24.73M
$ 24.73 million
+1.40%
35 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+0.59%
36 ckETH ckETH $ 1,936.02
$ 1.20M
$ 1.20 million
-1.56%
37 renBTC RENBTC $ 3,031.69
$ 923,144
$ 923,144
-3.19%
38 ckOCT CKOCT $ 0.00369
$ 65.36T
$ 65.36 trillion
-5.95%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,954.56
$ 44.30T
$ 44.30 trillion
-0.52%
40 Wrapped DOGE WDOGE $ 0.110
$ 14.21B
$ 14.21 billion
-2.82%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.11%
42 Wrapped Binance Beacon ETH WBETH $ 2,100.33
$ 2.73B
$ 2.73 billion
-2.33%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.992
$ 1.28B
$ 1.28 billion
-0.80%
44 USDC (Avalance) USDC $ 0.999
$ 720.36M
$ 720.36 million
-0.06%
45 Wrapped BTC (Wormhole) WBTC $ 66,251.42
$ 264.70M
$ 264.70 million
-1.26%
46 Binance Wrapped BTC BBTC $ 66,112.43
$ 191.73M
$ 191.73 million
-1.54%
47 Gate Wrapped BTC GTBTC $ 66,590.69
$ 153.13M
$ 153.13 million
-1.34%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.52M
$ 122.52 million
-0.00%
49 TRON peg TRX $ 0.281
$ 84.03M
$ 84.03 million
+0.02%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,082.86
$ 65.42M
$ 65.42 million
-1.28%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.07%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.05%
Bitcoin BEP2 BTCB $ 66,566.14
$ 2.59B
$ 2.59 billion
-0.89%
Coinbase Wrapped BTC CBBTC $ 66,427.80
$ 2.92B
$ 2.92 billion
-1.18%
tBTC v2 TBTC $ 66,247.86
$ 391.72M
$ 391.72 million
-1.25%
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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