Wrapped coins 3 coins
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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 $ 2,115.18 $ 18.66B
$ 18.66 billion +3.81% 2 Wrapped BTC WBTC $ 71,281.92 $ 9.80B
$ 9.80 billion +2.69% 3 Binance-Peg BSC-USD BSC-USD $ 1.000 $ 8.98B
$ 8.98 billion +0.02% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,602.97 $ 8.31B
$ 8.31 billion +3.92% 5 Wrapped eETH weETH $ 2,303.29 $ 6.55B
$ 6.55 billion +3.74% 6 Wrapped Ether WETH $ 2,116.15 $ 5.63B
$ 5.63 billion +3.82% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.04% 8 Coinbase Wrapped BTC CBBTC $ 71,420.53 $ 3.14B
$ 3.14 billion +2.62% 9 Bitcoin BEP2 BTCB $ 71,416.79 $ 3.00B
$ 3.00 billion +2.67% 10 Jito Staked SOL JITOSOL $ 113.75 $ 1.28B
$ 1.28 billion +4.67% 11 Binance Staked SOL BNSOL $ 98.98 $ 971.04M
$ 971.04 million +4.78% 12 Wrapped BNB WBNB $ 660.25 $ 930.64M
$ 930.64 million +2.31% 13 Rocket Pool ETH RETH $ 2,462.08 $ 883.60M
$ 883.60 million +3.84% 14 Lombard Staked Bitcoin LBTC $ 71,813.55 $ 760.58M
$ 760.58 million +2.53% 15 tBTC v2 TBTC $ 71,438.77 $ 422.41M
$ 422.41 million +2.76% 16 Binance-Peg XRP Token XRP $ 1.41 $ 345.31M
$ 345.31 million +2.14% 17 Coinbase Wrapped Staked ETH CBETH $ 2,380.63 $ 299.34M
$ 299.34 million +3.81% 18 Bitcoin Avalanche Bridged BTC.b $ 71,479.25 $ 274.76M
$ 274.76 million +2.37% 19 Marinade staked SOL MSOL $ 122.51 $ 255.30M
$ 255.30 million +4.75% 20 Wrapped Solana SOL $ 89.60 $ 167.48M
$ 167.48 million +4.44% 21 Wrapped AVAX WAVAX $ 9.87 $ 139.16M
$ 139.16 million +3.80% 22 BybitSOL BBSOL $ 102.06 $ 119.54M
$ 119.54 million +4.90% 23 Wrapped Centrifuge CFG $ 0.125 $ 72.32M
$ 72.32 million -0.09% 24 Coinbase Wrapped XRP CBXRP $ 1.41 $ 29.98M
$ 29.98 million +2.50% 25 Wrapped TAO WTAO $ 227.04 $ 26.89M
$ 26.89 million +12.43% 26 Wrapped Matic WMATIC $ 0.0994 $ 14.15M
$ 14.15 million +2.05% 27 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.56M
$ 2.56 million -0.02% 28 Wrapped NCG WNCG $ 0.00535 $ 1.71M
$ 1.71 million +0.77%
The coins below are ranked lower due to missing data.
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29 Mantle Staked Ether METH $ 2,324.87 $ 495.02M
$ 495.02 million +4.86% 30 Solv BTC SOLVBTC $ 71,378.64 $ 458.63M
$ 458.63 million +1.93% 31 Jupiter Staked SOL JUPSOL $ 105.51 $ 384.13M
$ 384.13 million +1.79% 32 ckBTC ckBTC $ 70,897.99 $ 33.46M
$ 33.46 million +1.89% 33 Wrapped NXM WNXM $ 54.01 $ 26.12M
$ 26.12 million +0.02% 34 ckUSDC CKUSDC $ 1.00 $ 1.87M
$ 1.87 million +0.32% 35 ckETH ckETH $ 2,110.32 $ 1.30M
$ 1.30 million +3.81% 36 renBTC RENBTC $ 3,932.43 $ 1.20M
$ 1.20 million +9.46% 37 ckOCT CKOCT $ 0.00465 $ 82.39T
$ 82.39 trillion +18.65% 38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,074.63 $ 45.37T
$ 45.37 trillion +4.58% 39 Wrapped DOGE WDOGE $ 0.111 $ 14.29B
$ 14.29 billion +5.99% 40 Wrapped BTC (BitGo) WBTC $ 71,300.61 $ 8.53B
$ 8.53 billion +2.29% 41 USDC (BASE) USDC $ 1.00 $ 4.35B
$ 4.35 billion +0.13% 42 Wrapped Binance Beacon ETH WBETH $ 2,309.50 $ 3.01B
$ 3.01 billion +3.89% 43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000 $ 1.29B
$ 1.29 billion +0.12% 44 USDC (Avalance) USDC $ 0.997 $ 719.37M
$ 719.37 million +0.05% 45 Wrapped BTC (Wormhole) WBTC $ 71,251.03 $ 284.81M
$ 284.81 million +2.57% 46 Binance Wrapped BTC BBTC $ 71,427.22 $ 207.14M
$ 207.14 million +2.65% 47 Gate Wrapped BTC GTBTC $ 71,728.93 $ 164.95M
$ 164.95 million +2.80% 48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15 $ 122.51M
$ 122.51 million +0.97% 49 TRON peg TRX $ 0.291 $ 86.86M
$ 86.86 million -0.09% 50 Kelp DAO Wrapped rsETH WRSETH $ 2,262.47 $ 71.07M
$ 71.07 million +3.26%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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