Wrapped coins

222 coins #19

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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,995.86
$ 17.72B
$ 17.72 billion
-0.55%
2 Wrapped BTC WBTC $ 71,145.02
$ 9.77B
$ 9.77 billion
-3.17%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.16%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,468.58
$ 8.54B
$ 8.54 billion
-0.81%
5 Wrapped Ether WETH $ 1,993.79
$ 5.30B
$ 5.30 billion
-0.59%
6 Wrapped eETH weETH $ 2,188.97
$ 3.47B
$ 3.47 billion
-0.90%
7 Coinbase Wrapped BTC CBBTC $ 71,252.99
$ 3.07B
$ 3.07 billion
-3.20%
8 Bitcoin BEP2 BTCB $ 71,292.03
$ 3.00B
$ 3.00 billion
-3.25%
9 Wrapped BNB WBNB $ 691.21
$ 1.19B
$ 1.19 billion
-2.66%
10 Binance Staked SOL BNSOL $ 90.21
$ 897.96M
$ 897.96 million
-1.87%
11 Jito Staked SOL JITOSOL $ 103.69
$ 823.30M
$ 823.30 million
-2.14%
12 Rocket Pool ETH RETH $ 2,327.92
$ 775.58M
$ 775.58 million
-0.81%
13 Lombard Staked Bitcoin LBTC $ 71,520.37
$ 757.56M
$ 757.56 million
-3.35%
14 tBTC v2 TBTC $ 71,252.10
$ 343.64M
$ 343.64 million
-3.51%
15 Binance-Peg XRP Token XRP $ 1.29
$ 293.13M
$ 293.13 million
-3.29%
16 Bitcoin Avalanche Bridged BTC.b $ 71,230.61
$ 273.82M
$ 273.82 million
-3.36%
17 Coinbase Wrapped Staked ETH CBETH $ 2,255.69
$ 263.59M
$ 263.59 million
-0.78%
18 Marinade staked SOL MSOL $ 111.85
$ 259.39M
$ 259.39 million
-2.06%
19 Wrapped Centrifuge CFG $ 0.258
$ 148.37M
$ 148.37 million
-3.93%
20 Wrapped AVAX WAVAX $ 8.88
$ 143.16M
$ 143.16 million
-1.50%
21 Wrapped Solana SOL $ 80.79
$ 121.18M
$ 121.18 million
-2.12%
22 Wrapped NXM WNXM $ 52.31
$ 22.26M
$ 22.26 million
+2.13%
23 Wrapped Matic WMATIC $ 0.0929
$ 13.22M
$ 13.22 million
+0.44%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.03%
25 Wrapped NCG WNCG $ 0.00636
$ 2.03M
$ 2.03 million
-6.68%

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

26 Ethena Staked USDe sUSDe $ 3.37
$ 10.49B
$ 10.49 billion
+0.24%
27 Wrapped TRON WTRX $ 0.343
$ 1.36B
$ 1.36 billion
-2.46%
28 Mantle Staked Ether METH $ 2,185.05
$ 451.49M
$ 451.49 million
-0.49%
29 Solv BTC SOLVBTC $ 71,178.70
$ 450.24M
$ 450.24 million
-3.57%
30 Jupiter Staked SOL JUPSOL $ 96.18
$ 412.73M
$ 412.73 million
-2.11%
31 BybitSOL BBSOL $ 93.23
$ 109.66M
$ 109.66 million
-1.94%
32 Coinbase Wrapped XRP CBXRP $ 1.29
$ 102.86M
$ 102.86 million
-3.28%
33 Wrapped TAO WTAO $ 251.00
$ 26.90M
$ 26.90 million
-2.24%
34 ckBTC ckBTC $ 70,735.52
$ 13.61M
$ 13.61 million
-4.89%
35 renBTC RENBTC $ 15,155.75
$ 4.61M
$ 4.61 million
-10.65%
36 ckUSDC CKUSDC $ 0.995
$ 2.03M
$ 2.03 million
-1.08%
37 ckETH ckETH $ 1,983.94
$ 1.23M
$ 1.23 million
-2.20%
38 ckOCT CKOCT $ 0.00574
$ 101.61T
$ 101.61 trillion
-5.59%
39 Wrapped DOGE WDOGE $ 0.0991
$ 12.79B
$ 12.79 billion
-0.77%
40 Wrapped BTC (BitGo) WBTC $ 71,448.41
$ 8.32B
$ 8.32 billion
-3.08%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
-0.05%
42 Wrapped Binance Beacon ETH WBETH $ 2,189.85
$ 2.72B
$ 2.72 billion
-0.54%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.43%
44 USDC (Avalance) USDC $ 0.998
$ 719.95M
$ 719.95 million
-0.07%
45 Wrapped BTC (Wormhole) WBTC $ 71,091.16
$ 214.01M
$ 214.01 million
-3.45%
46 Binance Wrapped BTC BBTC $ 71,206.18
$ 206.50M
$ 206.50 million
-3.55%
47 Gate Wrapped BTC GTBTC $ 71,528.14
$ 164.52M
$ 164.52 million
-3.24%
48 Wrapped Fantom WFTM $ 0.0484
$ 105.93M
$ 105.93 million
-2.91%
49 TRON peg TRX $ 0.345
$ 103.04M
$ 103.04 million
-1.72%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,137.63
$ 67.15M
$ 67.15 million
+0.01%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped NXM WNXM $ 52.31
$ 22.26M
$ 22.26 million
+2.13%
Wrapped Matic WMATIC $ 0.0929
$ 13.22M
$ 13.22 million
+0.44%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+0.03%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.16%
Lido Staked Ether stETH $ 1,995.86
$ 17.72B
$ 17.72 billion
-0.55%
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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