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 $ 2,124.08 $ 18.74B
$ 18.74 billion +2.87% 2 Wrapped BTC WBTC $ 71,402.85 $ 9.82B
$ 9.82 billion +2.01% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 9.00B
$ 9.00 billion +0.32% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,615.86 $ 8.35B
$ 8.35 billion +3.07% 5 Wrapped eETH weETH $ 2,317.38 $ 6.59B
$ 6.59 billion +3.05% 6 Wrapped Ether WETH $ 2,119.43 $ 5.64B
$ 5.64 billion +2.51% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.01% 8 Coinbase Wrapped BTC CBBTC $ 71,644.79 $ 3.15B
$ 3.15 billion +2.06% 9 Bitcoin BEP2 BTCB $ 71,583.49 $ 3.01B
$ 3.01 billion +2.09% 10 Jito Staked SOL JITOSOL $ 113.44 $ 1.28B
$ 1.28 billion +3.99% 11 Binance Staked SOL BNSOL $ 98.54 $ 966.66M
$ 966.66 million +3.74% 12 Wrapped BNB WBNB $ 661.20 $ 931.84M
$ 931.84 million +1.72% 13 Rocket Pool ETH RETH $ 2,456.77 $ 881.70M
$ 881.70 million +3.46% 14 Lombard Staked Bitcoin LBTC $ 71,802.59 $ 760.60M
$ 760.60 million +2.18% 15 Mantle Staked Ether METH $ 2,313.26 $ 492.55M
$ 492.55 million +2.82% 16 Solv BTC SOLVBTC $ 71,864.23 $ 461.85M
$ 461.85 million +2.63% 17 tBTC v2 TBTC $ 71,604.67 $ 423.39M
$ 423.39 million +2.26% 18 Binance-Peg XRP Token XRP $ 1.41 $ 347.18M
$ 347.18 million +2.83% 19 Coinbase Wrapped Staked ETH CBETH $ 2,386.34 $ 300.25M
$ 300.25 million +2.75% 20 Bitcoin Avalanche Bridged BTC.b $ 71,901.47 $ 276.40M
$ 276.40 million +2.32% 21 Marinade staked SOL MSOL $ 122.47 $ 255.24M
$ 255.24 million +4.25% 22 Wrapped Solana SOL $ 89.59 $ 167.46M
$ 167.46 million +3.88% 23 Wrapped AVAX WAVAX $ 9.90 $ 139.64M
$ 139.64 million +3.30% 24 BybitSOL BBSOL $ 102.33 $ 119.79M
$ 119.79 million +4.50% 25 Wrapped Centrifuge CFG $ 0.124 $ 71.58M
$ 71.58 million -2.12% 26 Coinbase Wrapped XRP CBXRP $ 1.40 $ 29.89M
$ 29.89 million +1.85% 27 Wrapped TAO WTAO $ 235.29 $ 27.93M
$ 27.93 million +12.53% 28 Wrapped NXM WNXM $ 54.79 $ 26.49M
$ 26.49 million +2.95% 29 Wrapped Matic WMATIC $ 0.0974 $ 13.86M
$ 13.86 million -0.53% 30 Axelar Wrapped USDC AXLUSDC $ 1.00 $ 2.56M
$ 2.56 million +0.07% 31 Wrapped NCG WNCG $ 0.00543 $ 1.74M
$ 1.74 million +2.61%
The coins below are ranked lower due to missing data.
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32 Jupiter Staked SOL JUPSOL $ 105.61 $ 384.51M
$ 384.51 million +4.37% 33 ckBTC ckBTC $ 72,154.28 $ 34.06M
$ 34.06 million +2.76% 34 ckUSDC CKUSDC $ 0.999 $ 1.86M
$ 1.86 million -0.39% 35 ckETH ckETH $ 2,148.44 $ 1.33M
$ 1.33 million +3.92% 36 renBTC RENBTC $ 4,196.66 $ 1.28M
$ 1.28 million +9.82% 37 ckOCT CKOCT $ 0.00431 $ 76.38T
$ 76.38 trillion +25.17% 38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,127.47 $ 45.85T
$ 45.85 trillion +1.04% 39 Wrapped BTC (BitGo) WBTC $ 72,061.75 $ 8.62B
$ 8.62 billion +2.54% 40 USDC (BASE) USDC $ 1.000 $ 4.34B
$ 4.34 billion -0.11% 41 Wrapped Binance Beacon ETH WBETH $ 2,318.15 $ 3.02B
$ 3.02 billion +2.75% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.25% 43 USDC (Avalance) USDC $ 1.00 $ 721.35M
$ 721.35 million +0.03% 44 Wrapped BTC (Wormhole) WBTC $ 71,502.09 $ 285.82M
$ 285.82 million +2.16% 45 Binance Wrapped BTC BBTC $ 71,829.03 $ 208.30M
$ 208.30 million +3.33% 46 Gate Wrapped BTC GTBTC $ 71,758.41 $ 165.02M
$ 165.02 million +1.90% 47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15 $ 122.51M
$ 122.51 million +0.00% 48 TRON peg TRX $ 0.290 $ 86.61M
$ 86.61 million +0.14% 49 Kelp DAO Wrapped rsETH WRSETH $ 2,307.96 $ 72.50M
$ 72.50 million +5.15% 50 Binance-Peg Bitcoin Cash Token BCH $ 467.47 $ 45.11M
$ 45.11 million +2.51%
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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