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 $ 2,003.15
$ 17.65B
$ 17.65 billion
+2.59%
2 Wrapped BTC WBTC $ 67,647.79
$ 9.30B
$ 9.30 billion
+0.92%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,456.10
$ 7.83B
$ 7.83 billion
+2.45%
5 Wrapped eETH weETH $ 2,176.53
$ 6.19B
$ 6.19 billion
+2.48%
6 Wrapped Ether WETH $ 2,003.37
$ 5.32B
$ 5.32 billion
+2.66%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.06%
8 Coinbase Wrapped BTC CBBTC $ 67,690.94
$ 2.98B
$ 2.98 billion
+0.72%
9 Bitcoin BEP2 BTCB $ 67,840.21
$ 2.85B
$ 2.85 billion
+1.07%
10 Jito Staked SOL JITOSOL $ 106.17
$ 1.19B
$ 1.19 billion
+1.59%
11 Binance Staked SOL BNSOL $ 92.77
$ 910.32M
$ 910.32 million
+2.06%
12 Wrapped BNB WBNB $ 628.52
$ 884.78M
$ 884.78 million
+1.53%
13 Rocket Pool ETH RETH $ 2,299.25
$ 825.16M
$ 825.16 million
+1.53%
14 Lombard Staked Bitcoin LBTC $ 67,396.88
$ 712.92M
$ 712.92 million
+0.15%
15 Mantle Staked Ether METH $ 2,176.01
$ 463.31M
$ 463.31 million
+2.51%
16 Solv BTC SOLVBTC $ 67,324.18
$ 436.85M
$ 436.85 million
+1.04%
17 tBTC v2 TBTC $ 67,652.09
$ 400.04M
$ 400.04 million
+0.80%
18 Binance-Peg XRP Token XRP $ 1.35
$ 331.61M
$ 331.61 million
+0.02%
19 Marinade staked SOL MSOL $ 113.92
$ 288.30M
$ 288.30 million
+0.46%
20 Coinbase Wrapped Staked ETH CBETH $ 2,245.59
$ 282.27M
$ 282.27 million
+2.31%
21 Bitcoin Avalanche Bridged BTC.b $ 67,425.08
$ 259.15M
$ 259.15 million
+0.65%
22 Wrapped AVAX WAVAX $ 9.02
$ 149.28M
$ 149.28 million
+1.90%
23 Wrapped Solana SOL $ 83.85
$ 125.76M
$ 125.76 million
+1.49%
24 BybitSOL BBSOL $ 96.02
$ 113.88M
$ 113.88 million
+2.36%
25 Wrapped Centrifuge CFG $ 0.137
$ 79.34M
$ 79.34 million
-4.98%
26 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.83M
$ 28.83 million
+0.38%
27 Wrapped Matic WMATIC $ 0.0975
$ 13.87M
$ 13.87 million
+3.44%
28 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
+0.61%

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

29 Jupiter Staked SOL JUPSOL $ 98.07
$ 410.72M
$ 410.72 million
+1.16%
30 ckBTC ckBTC $ 67,264.96
$ 31.75M
$ 31.75 million
+0.61%
31 Wrapped NXM WNXM $ 50.44
$ 24.39M
$ 24.39 million
-0.70%
32 Wrapped TAO WTAO $ 196.20
$ 23.23M
$ 23.23 million
+11.56%
33 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.12%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.05%
35 ckETH ckETH $ 1,980.61
$ 1.22M
$ 1.22 million
+1.88%
36 renBTC RENBTC $ 3,072.02
$ 935,425
$ 935,425
+2.10%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,996.71
$ 44.68T
$ 44.68 trillion
+1.21%
38 Wrapped DOGE WDOGE $ 0.106
$ 13.66B
$ 13.66 billion
+0.85%
39 USDC (BASE) USDC $ 0.995
$ 4.32B
$ 4.32 billion
-0.49%
40 Wrapped Binance Beacon ETH WBETH $ 2,176.54
$ 2.83B
$ 2.83 billion
+2.32%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.04%
42 USDC (Avalance) USDC $ 0.994
$ 717.30M
$ 717.30 million
-0.58%
43 Wrapped BTC (Wormhole) WBTC $ 67,457.46
$ 269.65M
$ 269.65 million
+0.67%
44 Binance Wrapped BTC BBTC $ 67,354.13
$ 195.33M
$ 195.33 million
+0.40%
45 Gate Wrapped BTC GTBTC $ 68,120.51
$ 156.65M
$ 156.65 million
+0.80%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.33M
$ 121.33 million
-44.59%
47 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.48M
$ 91.48 million
+0.00%
48 TRON peg TRX $ 0.290
$ 86.53M
$ 86.53 million
+1.05%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,103.34
$ 66.07M
$ 66.07 million
+1.20%
50 Binance-Peg Bitcoin Cash Token BCH $ 451.38
$ 43.56M
$ 43.56 million
-4.47%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0975
$ 13.87M
$ 13.87 million
+3.44%
Wrapped Ether WETH $ 2,003.37
$ 5.32B
$ 5.32 billion
+2.66%
Lido Staked Ether stETH $ 2,003.15
$ 17.65B
$ 17.65 billion
+2.59%
Mantle Staked Ether METH $ 2,176.01
$ 463.31M
$ 463.31 million
+2.51%
Wrapped eETH weETH $ 2,176.53
$ 6.19B
$ 6.19 billion
+2.48%
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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