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 $ 2,026.42
$ 17.87B
$ 17.87 billion
-2.54%
2 Wrapped BTC WBTC $ 67,333.80
$ 9.25B
$ 9.25 billion
-1.46%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,487.98
$ 7.94B
$ 7.94 billion
-2.60%
4 Wrapped eETH weETH $ 2,206.52
$ 6.28B
$ 6.28 billion
-2.73%
5 Wrapped Ether WETH $ 2,036.62
$ 5.42B
$ 5.42 billion
-2.16%
6 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.09%
7 Coinbase Wrapped BTC CBBTC $ 67,490.57
$ 2.97B
$ 2.97 billion
-1.53%
8 Jito Staked SOL JITOSOL $ 108.63
$ 1.22B
$ 1.22 billion
-3.55%
9 Wrapped BNB WBNB $ 623.54
$ 878.73M
$ 878.73 million
-1.59%
10 Lombard Staked Bitcoin LBTC $ 67,604.70
$ 714.67M
$ 714.67 million
-1.44%
11 tBTC v2 TBTC $ 67,626.57
$ 399.87M
$ 399.87 million
-0.95%
12 Marinade staked SOL MSOL $ 117.07
$ 296.26M
$ 296.26 million
-3.79%
13 Wrapped Solana SOL $ 85.94
$ 160.63M
$ 160.63 million
-3.60%
14 Wrapped Centrifuge CFG $ 0.149
$ 85.49M
$ 85.49 million
+62.90%

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

15 Binance-Peg BSC-USD BSC-USD $ 0.991
$ 8.90B
$ 8.90 billion
-0.89%
16 Wrapped TRON WTRX $ 0.285
$ 3.66B
$ 3.66 billion
-0.23%
17 Bitcoin BEP2 BTCB $ 67,210.81
$ 2.62B
$ 2.62 billion
-1.92%
18 Binance Staked SOL BNSOL $ 94.76
$ 929.56M
$ 929.56 million
-3.17%
19 Rocket Pool ETH RETH $ 2,355.14
$ 845.22M
$ 845.22 million
-2.39%
20 Jupiter Staked SOL JUPSOL $ 100.82
$ 422.25M
$ 422.25 million
-3.41%
21 Coinbase Wrapped Staked ETH CBETH $ 2,240.60
$ 281.72M
$ 281.72 million
-4.03%
22 Wrapped AVAX WAVAX $ 9.27
$ 153.40M
$ 153.40 million
-3.75%
23 BybitSOL BBSOL $ 97.72
$ 113.79M
$ 113.79 million
-3.21%
24 ckBTC ckBTC $ 67,277.29
$ 31.75M
$ 31.75 million
-3.20%
25 Coinbase Wrapped XRP CBXRP $ 1.41
$ 29.91M
$ 29.91 million
-3.43%
26 Wrapped NXM WNXM $ 51.90
$ 25.10M
$ 25.10 million
-1.91%
27 Wrapped TAO WTAO $ 176.18
$ 20.86M
$ 20.86 million
-4.45%
28 Wrapped Matic WMATIC $ 0.109
$ 15.53M
$ 15.53 million
-5.66%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.01%
30 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+0.05%
31 Wrapped NCG WNCG $ 0.00550
$ 1.76M
$ 1.76 million
-0.59%
32 ckETH ckETH $ 2,033.80
$ 1.26M
$ 1.26 million
-3.58%
33 renBTC RENBTC $ 3,121.33
$ 950,439
$ 950,439
-2.30%
34 ckOCT CKOCT $ 0.00560
$ 99.11T
$ 99.11 trillion
+12.68%
35 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,666.57
$ 41.73T
$ 41.73 trillion
-8.17%
36 Wrapped DOGE WDOGE $ 0.112
$ 14.49B
$ 14.49 billion
-7.49%
37 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.06%
38 Wrapped Binance Beacon ETH WBETH $ 2,206.57
$ 2.87B
$ 2.87 billion
-2.77%
39 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.993
$ 1.28B
$ 1.28 billion
-0.67%
40 USDC (Avalance) USDC $ 1.00
$ 722.24M
$ 722.24 million
+0.21%
41 Wrapped BTC (Wormhole) WBTC $ 67,326.49
$ 269.52M
$ 269.52 million
-1.39%
42 Binance Wrapped BTC BBTC $ 67,326.73
$ 195.25M
$ 195.25 million
-1.88%
43 Gate Wrapped BTC GTBTC $ 67,667.73
$ 155.61M
$ 155.61 million
-1.86%
44 Wrapped Fantom WFTM $ 0.0480
$ 104.98M
$ 104.98 million
-3.93%
45 ETH by Sui Bridge ETH $ 2,036.34
$ 28.00M
$ 28.00 million
-1.90%
46 Wrapped Axelar WAXL $ 0.0570
$ 14.68M
$ 14.68 million
-3.41%
47 Wrapped QUIL wQUIL $ 0.0137
$ 12.35M
$ 12.35 million
-12.78%
48 Wrapped FRAX WFRAX $ 0.635
$ 11.73M
$ 11.73 million
-4.93%
49 ckUSDT CKUSDT $ 0.999
$ 4.66M
$ 4.66 million
+0.00%
50 Coinbase Wrapped DOGE CBDOGE $ 0.0978
$ 3.51M
$ 3.51 million
-5.68%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.149
$ 85.49M
$ 85.49 million
+62.90%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.09%
tBTC v2 TBTC $ 67,626.57
$ 399.87M
$ 399.87 million
-0.95%
Lombard Staked Bitcoin LBTC $ 67,604.70
$ 714.67M
$ 714.67 million
-1.44%
Wrapped BTC WBTC $ 67,333.80
$ 9.25B
$ 9.25 billion
-1.46%
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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