Wrapped coins

189 coins #20

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 ckOCT CKOCT $ 0.0245
$ 434.32T
$ 434.32 trillion
-9.24%
2 Wrapped DOGE WDOGE $ 0.131
$ 16.87B
$ 16.87 billion
-4.24%
3 Wrapped BTC WBTC $ 87,842.21
$ 12.08B
$ 12.08 billion
-1.51%
4 Wrapped liquid staked Ether 2.0 wstETH $ 3,603.74
$ 12.04B
$ 12.04 billion
-2.75%
5 Binance-Peg BSC-USD BSC-USD $ 0.995
$ 8.93B
$ 8.93 billion
-0.96%
6 Wrapped eETH weETH $ 3,184.77
$ 8.69B
$ 8.69 billion
-3.05%
7 Wrapped Ether WETH $ 2,947.15
$ 7.80B
$ 7.80 billion
-2.72%
8 Wrapped Binance Beacon ETH WBETH $ 3,203.33
$ 4.49B
$ 4.49 billion
-2.66%
9 USDC (BASE) USDC $ 0.997
$ 4.40B
$ 4.40 billion
-0.34%
10 Coinbase Wrapped BTC CBBTC $ 88,050.79
$ 3.69B
$ 3.69 billion
-1.50%
11 Wrapped TRON WTRX $ 0.283
$ 3.62B
$ 3.62 billion
-0.59%
12 Bitcoin BEP2 BTCB $ 87,713.80
$ 3.44B
$ 3.44 billion
-2.22%
13 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.997
$ 1.28B
$ 1.28 billion
-0.67%
14 Wrapped BNB WBNB $ 843.55
$ 1.14B
$ 1.14 billion
-2.71%
15 USDC (Avalance) USDC $ 0.997
$ 719.31M
$ 719.31 million
-0.40%
16 tBTC v2 TBTC $ 87,820.78
$ 535.38M
$ 535.38 million
-1.55%
17 Wrapped BTC (Wormhole) WBTC $ 87,617.64
$ 349.43M
$ 349.43 million
-1.81%
18 Binance Wrapped BTC BBTC $ 87,742.55
$ 254.45M
$ 254.45 million
-1.70%
19 Wrapped AVAX WAVAX $ 12.08
$ 213.93M
$ 213.93 million
-2.30%
20 Gate Wrapped BTC GTBTC $ 88,216.47
$ 202.86M
$ 202.86 million
-1.57%
21 Kelp DAO Wrapped rsETH WRSETH $ 3,123.74
$ 98.12M
$ 98.12 million
-2.79%
22 TRON peg TRX $ 0.283
$ 84.54M
$ 84.54 million
-0.48%
23 Wrapped Centrifuge CFG $ 0.119
$ 68.23M
$ 68.23 million
-4.89%
24 Binance-Peg Bitcoin Cash Token BCH $ 582.60
$ 56.22M
$ 56.22 million
-2.02%
25 ETH by Sui Bridge ETH $ 2,946.35
$ 42.65M
$ 42.65 million
-2.56%
26 ckBTC ckBTC $ 88,867.01
$ 41.95M
$ 41.95 million
-2.09%
27 Wrapped BTC WBTC.E $ 87,643.27
$ 38.39M
$ 38.39 million
-1.52%
28 Coinbase Wrapped XRP CBXRP $ 1.88
$ 36.74M
$ 36.74 million
-2.67%
29 Wrapped NXM WNXM $ 71.72
$ 35.05M
$ 35.05 million
-2.61%
30 Wrapped XRP WXRP $ 1.88
$ 33.82M
$ 33.82 million
-2.02%
31 DETH DETH $ 2,956.12
$ 27.46M
$ 27.46 million
-3.02%
32 Wrapped TAO WTAO $ 215.28
$ 24.38M
$ 24.38 million
-5.31%
33 Wrapped Axelar WAXL $ 0.0773
$ 18.18M
$ 18.18 million
-5.55%
34 Wrapped Matic WMATIC $ 0.107
$ 15.18M
$ 15.18 million
-2.41%
35 Wrapped QUIL wQUIL $ 0.0146
$ 13.17M
$ 13.17 million
-1.16%
36 Wrapped FRAX WFRAX $ 0.691
$ 12.77M
$ 12.77 million
+5.89%
37 iShares Gold Trust (Ondo Tokenized) IAUon $ 84.26
$ 10.10M
$ 10.10 million
+0.96%
38 Tesla tokenized stock (xStock) TSLAX $ 484.57
$ 5.33M
$ 5.33 million
-2.09%
39 Wrapped WDOGE WWDOGE $ 0.163
$ 4.52M
$ 4.52 million
+0.00%
40 Wrapped Cardano WADA $ 0.362
$ 4.33M
$ 4.33 million
-4.56%
41 Solana (Universal) USOL $ 123.70
$ 3.77M
$ 3.77 million
-3.05%
42 SPUSD SPUSD $ 0.999
$ 3.62M
$ 3.62 million
-0.36%
43 ckUSDT CKUSDT $ 0.998
$ 3.47M
$ 3.47 million
-0.70%
44 OKX Wrapped BTC XBTC $ 87,902.55
$ 3.43M
$ 3.43 million
-1.57%
45 XRP (Universal) UXRP $ 1.87
$ 3.41M
$ 3.41 million
-2.81%
46 Coinbase Wrapped DOGE CBDOGE $ 0.130
$ 3.29M
$ 3.29 million
-3.48%
47 Bridged USDT (Sonic Labs) USDT $ 1.000
$ 2.71M
$ 2.71 million
-0.01%
48 Axelar Wrapped USDC AXLUSDC $ 0.998
$ 2.56M
$ 2.56 million
-0.28%
49 Coinbase Wrapped LTC cbLTC $ 76.79
$ 2.37M
$ 2.37 million
-2.26%
50 Wrapped NCG WNCG $ 0.00736
$ 2.30M
$ 2.30 million
+1.08%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Aptos (Universal) UAPT $ 1.59
$ 32,129
$ 32,129
-2.74%
Wrapped stkscETH wstkscETH $ --
$ --
$ --
--%
Wrapped Filecoin WFIL $ --
$ --
$ --
--%
Wrapped XTZ WXTZ $ 0.443
$ 198,617
$ 198,617
-1.37%
Wrapped WAN WWAN $ --
$ --
$ --
--%
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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