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 $ 1,946.30
$ 17.16B
$ 17.16 billion
-1.45%
2 Wrapped BTC WBTC $ 66,829.27
$ 9.19B
$ 9.19 billion
-1.39%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.12%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,389.23
$ 7.63B
$ 7.63 billion
-1.66%
5 Wrapped eETH weETH $ 2,116.20
$ 6.02B
$ 6.02 billion
-1.62%
6 Wrapped Ether WETH $ 1,946.32
$ 5.17B
$ 5.17 billion
-1.42%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.19%
8 Coinbase Wrapped BTC CBBTC $ 66,994.83
$ 2.95B
$ 2.95 billion
-1.51%
9 Bitcoin BEP2 BTCB $ 67,000.13
$ 2.82B
$ 2.82 billion
-1.52%
10 Jito Staked SOL JITOSOL $ 104.14
$ 1.17B
$ 1.17 billion
-2.38%
11 Binance Staked SOL BNSOL $ 90.81
$ 890.68M
$ 890.68 million
-2.16%
12 Wrapped BNB WBNB $ 617.71
$ 870.30M
$ 870.30 million
-1.60%
13 Rocket Pool ETH RETH $ 2,265.37
$ 813.01M
$ 813.01 million
-1.02%
14 Lombard Staked Bitcoin LBTC $ 68,205.97
$ 721.16M
$ 721.16 million
-0.09%
15 Solv BTC SOLVBTC $ 66,649.02
$ 430.64M
$ 430.64 million
-1.83%
16 tBTC v2 TBTC $ 66,854.82
$ 395.31M
$ 395.31 million
-1.45%
17 Marinade staked SOL MSOL $ 112.53
$ 284.81M
$ 284.81 million
-1.90%
18 Coinbase Wrapped Staked ETH CBETH $ 2,189.31
$ 275.20M
$ 275.20 million
-1.45%
19 Bitcoin Avalanche Bridged BTC.b $ 66,986.78
$ 257.49M
$ 257.49 million
-1.39%
20 Wrapped AVAX WAVAX $ 8.85
$ 146.49M
$ 146.49 million
-1.57%
21 Wrapped Solana SOL $ 82.47
$ 123.45M
$ 123.45 million
-2.28%
22 BybitSOL BBSOL $ 93.56
$ 111.03M
$ 111.03 million
-2.09%
23 Wrapped Centrifuge CFG $ 0.144
$ 83.23M
$ 83.23 million
-0.77%
24 Wrapped Matic WMATIC $ 0.0943
$ 13.42M
$ 13.42 million
-4.37%
25 Wrapped NCG WNCG $ 0.00528
$ 1.69M
$ 1.69 million
-0.40%

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

26 Mantle Staked Ether METH $ 2,112.27
$ 449.74M
$ 449.74 million
-1.74%
27 Jupiter Staked SOL JUPSOL $ 96.49
$ 404.11M
$ 404.11 million
-4.85%
28 Binance-Peg XRP Token XRP $ 1.35
$ 331.54M
$ 331.54 million
-0.97%
29 ckBTC ckBTC $ 66,737.48
$ 31.50M
$ 31.50 million
-2.31%
30 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.67M
$ 28.67 million
-0.95%
31 Wrapped NXM WNXM $ 50.36
$ 24.35M
$ 24.35 million
-3.07%
32 Wrapped TAO WTAO $ 176.75
$ 20.85M
$ 20.85 million
-0.68%
33 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.03%
34 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+0.88%
35 ckETH ckETH $ 1,933.43
$ 1.20M
$ 1.20 million
-2.74%
36 renBTC RENBTC $ 3,007.99
$ 915,849
$ 915,849
-3.25%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,936.80
$ 44.14T
$ 44.14 trillion
-0.70%
38 Wrapped DOGE WDOGE $ 0.106
$ 13.64B
$ 13.64 billion
+2.42%
39 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.24%
40 Wrapped Binance Beacon ETH WBETH $ 2,120.57
$ 2.76B
$ 2.76 billion
-1.51%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.01%
42 USDC (Avalance) USDC $ 1.00
$ 721.45M
$ 721.45 million
-0.08%
43 Wrapped BTC (Wormhole) WBTC $ 66,742.48
$ 266.79M
$ 266.79 million
-1.56%
44 Binance Wrapped BTC BBTC $ 66,953.66
$ 194.17M
$ 194.17 million
-1.54%
45 Gate Wrapped BTC GTBTC $ 67,410.07
$ 155.02M
$ 155.02 million
-1.12%
46 TRON peg TRX $ 0.287
$ 85.63M
$ 85.63 million
+0.69%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,078.37
$ 65.28M
$ 65.28 million
-1.38%
48 Binance-Peg Bitcoin Cash Token BCH $ 472.49
$ 45.60M
$ 45.60 million
+5.29%
49 Wrapped DAG WDAG $ 0.0105
$ 38.79M
$ 38.79 million
-26.13%
50 Wrapped BTC WBTC.E $ 66,700.83
$ 29.21M
$ 29.21 million
-1.41%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.19%
Lombard Staked Bitcoin LBTC $ 68,205.97
$ 721.16M
$ 721.16 million
-0.09%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.12%
Wrapped NCG WNCG $ 0.00528
$ 1.69M
$ 1.69 million
-0.40%
Wrapped Centrifuge CFG $ 0.144
$ 83.23M
$ 83.23 million
-0.77%
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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