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 $ 1,920.85
$ 16.94B
$ 16.94 billion
-1.10%
2 Wrapped BTC WBTC $ 65,514.35
$ 9.00B
$ 9.00 billion
-2.27%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.14%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,354.99
$ 7.52B
$ 7.52 billion
-1.23%
5 Wrapped eETH weETH $ 2,086.55
$ 5.93B
$ 5.93 billion
-1.30%
6 Wrapped Ether WETH $ 1,922.11
$ 5.11B
$ 5.11 billion
-1.07%
7 Ethena Staked USDe sUSDe $ 1.21
$ 3.79B
$ 3.79 billion
-0.32%
8 Coinbase Wrapped BTC CBBTC $ 65,591.39
$ 2.88B
$ 2.88 billion
-2.47%
9 Bitcoin BEP2 BTCB $ 65,588.61
$ 2.56B
$ 2.56 billion
-2.48%
10 Jito Staked SOL JITOSOL $ 97.90
$ 1.10B
$ 1.10 billion
-2.59%
11 Wrapped BNB WBNB $ 607.09
$ 855.53M
$ 855.53 million
-0.50%
12 Rocket Pool ETH RETH $ 2,219.54
$ 796.62M
$ 796.62 million
-1.39%
13 Lombard Staked Bitcoin LBTC $ 65,970.52
$ 696.10M
$ 696.10 million
-1.42%
14 Solv BTC SOLVBTC $ 65,407.23
$ 534.66M
$ 534.66 million
-1.83%
15 Mantle Staked Ether METH $ 2,084.00
$ 443.72M
$ 443.72 million
-1.14%
16 tBTC v2 TBTC $ 65,469.11
$ 387.11M
$ 387.11 million
-1.39%
17 Jupiter Staked SOL JUPSOL $ 90.67
$ 379.74M
$ 379.74 million
-2.68%
18 Binance-Peg XRP Token XRP $ 1.36
$ 333.94M
$ 333.94 million
-1.46%
19 Coinbase Wrapped Staked ETH CBETH $ 2,156.27
$ 271.09M
$ 271.09 million
-1.00%
20 Marinade staked SOL MSOL $ 105.31
$ 266.51M
$ 266.51 million
-2.60%
21 Bitcoin Avalanche Bridged BTC.b $ 65,576.87
$ 252.07M
$ 252.07 million
-2.15%
22 Wrapped Solana SOL $ 77.68
$ 145.20M
$ 145.20 million
-2.66%
23 Wrapped AVAX WAVAX $ 8.69
$ 143.80M
$ 143.80 million
-0.17%
24 BybitSOL BBSOL $ 88.07
$ 124.65M
$ 124.65 million
-2.60%
25 Wrapped Centrifuge CFG $ 0.0788
$ 45.14M
$ 45.14 million
-2.23%
26 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.97M
$ 28.97 million
-1.25%
27 Wrapped TAO WTAO $ 151.18
$ 17.89M
$ 17.89 million
+2.31%
28 Wrapped Matic WMATIC $ 0.0930
$ 13.23M
$ 13.23 million
+3.62%
29 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.02%
30 Wrapped NCG WNCG $ 0.00595
$ 1.91M
$ 1.91 million
-0.62%

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

31 Wrapped TRON WTRX $ 0.276
$ 3.54B
$ 3.54 billion
-0.08%
32 Binance Staked SOL BNSOL $ 85.20
$ 835.83M
$ 835.83 million
-2.56%
33 ckBTC ckBTC $ 65,671.52
$ 31.00M
$ 31.00 million
-2.32%
34 Wrapped NXM WNXM $ 51.05
$ 24.68M
$ 24.68 million
+0.78%
35 ckUSDC CKUSDC $ 0.955
$ 1.77M
$ 1.77 million
-1.23%
36 ckETH ckETH $ 1,944.38
$ 1.20M
$ 1.20 million
-2.19%
37 renBTC RENBTC $ 3,072.54
$ 935,583
$ 935,583
+0.65%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,960.63
$ 44.35T
$ 44.35 trillion
+1.47%
39 Wrapped DOGE WDOGE $ 0.105
$ 13.53B
$ 13.53 billion
+5.27%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.01%
41 Wrapped Binance Beacon ETH WBETH $ 2,095.29
$ 2.73B
$ 2.73 billion
-1.06%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.07%
43 USDC (Avalance) USDC $ 1.00
$ 721.52M
$ 721.52 million
-0.01%
44 Wrapped BTC (Wormhole) WBTC $ 65,287.46
$ 260.98M
$ 260.98 million
-2.46%
45 Binance Wrapped BTC BBTC $ 65,441.61
$ 189.78M
$ 189.78 million
-2.17%
46 Gate Wrapped BTC GTBTC $ 66,130.16
$ 152.07M
$ 152.07 million
-1.92%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.27M
$ 122.27 million
+0.00%
48 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.51M
$ 91.51 million
+0.00%
49 TRON peg TRX $ 0.277
$ 82.77M
$ 82.77 million
+0.48%
50 Cardano AP3X Token cAP3X $ 0.0223
$ 66.76M
$ 66.76 million
+1.57%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0930
$ 13.23M
$ 13.23 million
+3.62%
Wrapped TAO WTAO $ 151.18
$ 17.89M
$ 17.89 million
+2.31%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.14%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.02%
Wrapped AVAX WAVAX $ 8.69
$ 143.80M
$ 143.80 million
-0.17%
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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