Wrapped coins

0 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 $ 1,929.42
$ 17.01B
$ 17.01 billion
-10.53%
2 Wrapped BTC WBTC $ 65,350.45
$ 8.98B
$ 8.98 billion
-11.02%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,359.12
$ 7.53B
$ 7.53 billion
-10.47%
5 Wrapped eETH weETH $ 2,098.98
$ 5.97B
$ 5.97 billion
-9.97%
6 Wrapped Ether WETH $ 1,923.87
$ 5.11B
$ 5.11 billion
-10.62%
7 Ethena Staked USDe sUSDe $ 1.24
$ 3.72B
$ 3.72 billion
+9.00%
8 Coinbase Wrapped BTC CBBTC $ 65,506.90
$ 2.88B
$ 2.88 billion
-11.03%
9 Bitcoin BEP2 BTCB $ 65,498.10
$ 2.55B
$ 2.55 billion
-11.07%
10 Jito Staked SOL JITOSOL $ 102.70
$ 1.15B
$ 1.15 billion
-11.66%
11 Wrapped BNB WBNB $ 642.15
$ 904.74M
$ 904.74 million
-10.08%
12 Rocket Pool ETH RETH $ 2,226.72
$ 799.15M
$ 799.15 million
-9.60%
13 Lombard Staked Bitcoin LBTC $ 65,814.30
$ 696.06M
$ 696.06 million
-10.75%
14 Solv BTC SOLVBTC $ 65,383.63
$ 546.65M
$ 546.65 million
-5.96%
15 Mantle Staked Ether METH $ 2,085.35
$ 444.01M
$ 444.01 million
-11.49%
16 Jupiter Staked SOL JUPSOL $ 95.21
$ 398.75M
$ 398.75 million
-10.94%
17 tBTC v2 TBTC $ 65,787.34
$ 388.99M
$ 388.99 million
-10.93%
18 Marinade staked SOL MSOL $ 110.68
$ 280.09M
$ 280.09 million
-11.46%
19 Coinbase Wrapped Staked ETH CBETH $ 2,153.29
$ 270.75M
$ 270.75 million
-10.58%
20 Bitcoin Avalanche Bridged BTC.b $ 65,665.51
$ 252.40M
$ 252.40 million
-10.65%
21 Wrapped Solana SOL $ 81.73
$ 152.77M
$ 152.77 million
-11.37%
22 Wrapped AVAX WAVAX $ 8.78
$ 145.13M
$ 145.13 million
-10.45%
23 BybitSOL BBSOL $ 92.46
$ 139.03M
$ 139.03 million
-11.48%
24 Wrapped Centrifuge CFG $ 0.0743
$ 42.66M
$ 42.66 million
-14.38%
25 Coinbase Wrapped XRP CBXRP $ 1.23
$ 26.14M
$ 26.14 million
-20.24%
26 Wrapped Matic WMATIC $ 0.0932
$ 13.27M
$ 13.27 million
-13.54%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.03%
28 Wrapped NCG WNCG $ 0.00615
$ 1.97M
$ 1.97 million
-8.75%

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

29 Binance-Peg XRP Token XRP $ 12,451.82
$ 3.06T
$ 3.06 trillion
-8.65%
30 Wrapped TRON WTRX $ 0.276
$ 3.54B
$ 3.54 billion
-2.17%
31 Binance Staked SOL BNSOL $ 89.30
$ 876.07M
$ 876.07 million
-11.58%
32 ckBTC ckBTC $ 66,500.61
$ 31.39M
$ 31.39 million
-9.51%
33 Wrapped NXM WNXM $ 48.39
$ 23.58M
$ 23.58 million
-10.36%
34 Wrapped TAO WTAO $ 167.32
$ 19.81M
$ 19.81 million
-11.34%
35 ckUSDC CKUSDC $ 0.977
$ 1.82M
$ 1.82 million
-2.23%
36 ckETH ckETH $ 1,958.78
$ 1.21M
$ 1.21 million
-10.34%
37 renBTC RENBTC $ 3,091.11
$ 941,239
$ 941,239
-5.31%
38 ckOCT CKOCT $ 0.0115
$ 203.48T
$ 203.48 trillion
-10.41%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,923.06
$ 44.02T
$ 44.02 trillion
+1.55%
40 Wrapped DOGE WDOGE $ 0.107
$ 13.76B
$ 13.76 billion
-2.42%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.30%
42 Wrapped Binance Beacon ETH WBETH $ 2,089.95
$ 2.72B
$ 2.72 billion
-10.74%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.10%
44 USDC (Avalance) USDC $ 1.00
$ 722.81M
$ 722.81 million
+0.11%
45 Wrapped BTC (Wormhole) WBTC $ 65,404.58
$ 261.44M
$ 261.44 million
-10.71%
46 Binance Wrapped BTC BBTC $ 66,982.87
$ 194.25M
$ 194.25 million
-8.52%
47 Gate Wrapped BTC GTBTC $ 65,678.22
$ 151.05M
$ 151.05 million
-10.99%
48 Umbrella Stake Wrapped Aave Ethereum WETH v1 stkwaEthWETH.v1 $ 2,978.62
$ 96.09M
$ 96.09 million
-5.35%
49 TRON peg TRX $ 0.275
$ 82.12M
$ 82.12 million
-2.59%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,082.42
$ 65.41M
$ 65.41 million
-9.21%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.24
$ 3.72B
$ 3.72 billion
+9.00%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.03%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
Solv BTC SOLVBTC $ 65,383.63
$ 546.65M
$ 546.65 million
-5.96%
Wrapped NCG WNCG $ 0.00615
$ 1.97M
$ 1.97 million
-8.75%
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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