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 $ 2,115.18
$ 18.66B
$ 18.66 billion
+3.81%
2 Wrapped BTC WBTC $ 71,281.92
$ 9.80B
$ 9.80 billion
+2.69%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,602.97
$ 8.31B
$ 8.31 billion
+3.92%
5 Wrapped eETH weETH $ 2,303.29
$ 6.55B
$ 6.55 billion
+3.74%
6 Wrapped Ether WETH $ 2,116.15
$ 5.63B
$ 5.63 billion
+3.82%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.04%
8 Coinbase Wrapped BTC CBBTC $ 71,420.53
$ 3.14B
$ 3.14 billion
+2.62%
9 Bitcoin BEP2 BTCB $ 71,416.79
$ 3.00B
$ 3.00 billion
+2.67%
10 Jito Staked SOL JITOSOL $ 113.75
$ 1.28B
$ 1.28 billion
+4.67%
11 Binance Staked SOL BNSOL $ 98.98
$ 971.04M
$ 971.04 million
+4.78%
12 Wrapped BNB WBNB $ 660.25
$ 930.64M
$ 930.64 million
+2.31%
13 Rocket Pool ETH RETH $ 2,462.08
$ 883.60M
$ 883.60 million
+3.84%
14 Lombard Staked Bitcoin LBTC $ 71,813.55
$ 760.58M
$ 760.58 million
+2.53%
15 tBTC v2 TBTC $ 71,438.77
$ 422.41M
$ 422.41 million
+2.76%
16 Binance-Peg XRP Token XRP $ 1.41
$ 345.31M
$ 345.31 million
+2.14%
17 Coinbase Wrapped Staked ETH CBETH $ 2,380.63
$ 299.34M
$ 299.34 million
+3.81%
18 Bitcoin Avalanche Bridged BTC.b $ 71,479.25
$ 274.76M
$ 274.76 million
+2.37%
19 Marinade staked SOL MSOL $ 122.51
$ 255.30M
$ 255.30 million
+4.75%
20 Wrapped Solana SOL $ 89.60
$ 167.48M
$ 167.48 million
+4.44%
21 Wrapped AVAX WAVAX $ 9.87
$ 139.16M
$ 139.16 million
+3.80%
22 BybitSOL BBSOL $ 102.06
$ 119.54M
$ 119.54 million
+4.90%
23 Wrapped Centrifuge CFG $ 0.125
$ 72.32M
$ 72.32 million
-0.09%
24 Coinbase Wrapped XRP CBXRP $ 1.41
$ 29.98M
$ 29.98 million
+2.50%
25 Wrapped TAO WTAO $ 227.04
$ 26.89M
$ 26.89 million
+12.43%
26 Wrapped Matic WMATIC $ 0.0994
$ 14.15M
$ 14.15 million
+2.05%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.02%
28 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+0.77%

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

29 Mantle Staked Ether METH $ 2,324.87
$ 495.02M
$ 495.02 million
+4.86%
30 Solv BTC SOLVBTC $ 71,378.64
$ 458.63M
$ 458.63 million
+1.93%
31 Jupiter Staked SOL JUPSOL $ 105.51
$ 384.13M
$ 384.13 million
+1.79%
32 ckBTC ckBTC $ 70,897.99
$ 33.46M
$ 33.46 million
+1.89%
33 Wrapped NXM WNXM $ 54.01
$ 26.12M
$ 26.12 million
+0.02%
34 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
+0.32%
35 ckETH ckETH $ 2,110.32
$ 1.30M
$ 1.30 million
+3.81%
36 renBTC RENBTC $ 3,932.43
$ 1.20M
$ 1.20 million
+9.46%
37 ckOCT CKOCT $ 0.00465
$ 82.39T
$ 82.39 trillion
+18.65%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,074.63
$ 45.37T
$ 45.37 trillion
+4.58%
39 Wrapped DOGE WDOGE $ 0.111
$ 14.29B
$ 14.29 billion
+5.99%
40 Wrapped BTC (BitGo) WBTC $ 71,300.61
$ 8.53B
$ 8.53 billion
+2.29%
41 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.13%
42 Wrapped Binance Beacon ETH WBETH $ 2,309.50
$ 3.01B
$ 3.01 billion
+3.89%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.12%
44 USDC (Avalance) USDC $ 0.997
$ 719.37M
$ 719.37 million
+0.05%
45 Wrapped BTC (Wormhole) WBTC $ 71,251.03
$ 284.81M
$ 284.81 million
+2.57%
46 Binance Wrapped BTC BBTC $ 71,427.22
$ 207.14M
$ 207.14 million
+2.65%
47 Gate Wrapped BTC GTBTC $ 71,728.93
$ 164.95M
$ 164.95 million
+2.80%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.97%
49 TRON peg TRX $ 0.291
$ 86.86M
$ 86.86 million
-0.09%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,262.47
$ 71.07M
$ 71.07 million
+3.26%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 227.04
$ 26.89M
$ 26.89 million
+12.43%
BybitSOL BBSOL $ 102.06
$ 119.54M
$ 119.54 million
+4.90%
Binance Staked SOL BNSOL $ 98.98
$ 971.04M
$ 971.04 million
+4.78%
Marinade staked SOL MSOL $ 122.51
$ 255.30M
$ 255.30 million
+4.75%
Jito Staked SOL JITOSOL $ 113.75
$ 1.28B
$ 1.28 billion
+4.67%
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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