Wrapped coins

213 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 Price Market cap 24h
1 Lido Staked Ether stETH $ 2,291.46
$ 21.58B
$ 21.58 billion
-2.88%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,823.84
$ 10.57B
$ 10.57 billion
-2.87%
3 Wrapped BTC WBTC $ 74,695.41
$ 10.26B
$ 10.26 billion
-1.25%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.99B
$ 8.99 billion
+0.06%
5 Wrapped Ether WETH $ 2,299.76
$ 6.11B
$ 6.11 billion
-2.82%
6 Wrapped eETH weETH $ 2,493.37
$ 5.82B
$ 5.82 billion
-3.46%
7 Coinbase Wrapped BTC CBBTC $ 74,888.50
$ 3.48B
$ 3.48 billion
-1.28%
8 Bitcoin BEP2 BTCB $ 74,790.94
$ 3.15B
$ 3.15 billion
-1.28%
9 Wrapped BNB WBNB $ 619.54
$ 1.07B
$ 1.07 billion
-2.24%
10 Jito Staked SOL JITOSOL $ 108.40
$ 977.65M
$ 977.65 million
-1.79%
11 Rocket Pool ETH RETH $ 2,631.86
$ 884.38M
$ 884.38 million
-4.10%
12 Lombard Staked Bitcoin LBTC $ 75,243.29
$ 798.01M
$ 798.01 million
-1.40%
13 Mantle Staked Ether METH $ 2,504.24
$ 665.23M
$ 665.23 million
-2.82%
14 tBTC v2 TBTC $ 74,902.04
$ 441.70M
$ 441.70 million
-1.04%
15 Binance-Peg XRP Token XRP $ 1.42
$ 323.73M
$ 323.73 million
-1.16%
16 Coinbase Wrapped Staked ETH CBETH $ 2,591.74
$ 308.37M
$ 308.37 million
-2.65%
17 Bitcoin Avalanche Bridged BTC.b $ 75,032.47
$ 288.33M
$ 288.33 million
-1.07%
18 Marinade staked SOL MSOL $ 117.14
$ 237.91M
$ 237.91 million
-1.58%
19 Wrapped Centrifuge CFG $ 0.257
$ 147.90M
$ 147.90 million
+6.43%
20 Wrapped AVAX WAVAX $ 9.20
$ 146.26M
$ 146.26 million
-2.17%
21 Wrapped Solana SOL $ 85.07
$ 127.49M
$ 127.49 million
-1.95%
22 Coinbase Wrapped XRP CBXRP $ 1.42
$ 85.04M
$ 85.04 million
-0.88%
23 Wrapped Matic WMATIC $ 0.0898
$ 12.78M
$ 12.78 million
-0.13%
24 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
-0.02%

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

25 Ethena Staked USDe sUSDe $ 2.92
$ 9.09B
$ 9.09 billion
+2.95%
26 Binance Staked SOL BNSOL $ 94.25
$ 877.86M
$ 877.86 million
-1.86%
27 Solv BTC SOLVBTC $ 74,911.35
$ 474.01M
$ 474.01 million
-1.15%
28 Jupiter Staked SOL JUPSOL $ 100.80
$ 431.15M
$ 431.15 million
-1.63%
29 BybitSOL BBSOL $ 97.62
$ 97.75M
$ 97.75 million
-1.86%
30 Wrapped TAO WTAO $ 243.65
$ 27.13M
$ 27.13 million
-2.70%
31 Wrapped NXM WNXM $ 58.16
$ 25.70M
$ 25.70 million
-1.13%
32 ckBTC ckBTC $ 74,217.15
$ 21.55M
$ 21.55 million
-2.60%
33 renBTC RENBTC $ 12,792.47
$ 3.90M
$ 3.90 million
-7.96%
34 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
-2.91%
35 ckUSDC CKUSDC $ 0.993
$ 1.57M
$ 1.57 million
-0.52%
36 ckETH ckETH $ 2,289.72
$ 1.42M
$ 1.42 million
-2.97%
37 ckOCT CKOCT $ 0.00402
$ 71.18T
$ 71.18 trillion
-4.55%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,803.43
$ 31.85T
$ 31.85 trillion
-1.50%
39 Wrapped BTC (BitGo) WBTC $ 75,051.55
$ 8.98B
$ 8.98 billion
-0.73%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.24%
41 Wrapped Binance Beacon ETH WBETH $ 2,518.55
$ 3.26B
$ 3.26 billion
-2.60%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.30%
43 USDC (Avalance) USDC $ 0.998
$ 720.16M
$ 720.16 million
-0.18%
44 Umbrella Stake Wrapped Aave Ethereum WETH v1 stkwaEthWETH.v1 $ 17,117.74
$ 552.24M
$ 552.24 million
+519.20%
45 Wrapped BTC (Wormhole) WBTC $ 74,623.92
$ 236.81M
$ 236.81 million
-1.27%
46 Binance Wrapped BTC BBTC $ 74,949.25
$ 217.35M
$ 217.35 million
-1.25%
47 Gate Wrapped BTC GTBTC $ 75,087.70
$ 172.67M
$ 172.67 million
-1.23%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.92M
$ 121.92 million
-1.44%
49 TRON peg TRX $ 0.334
$ 99.65M
$ 99.65 million
+1.26%
50 Wrapped Fantom WFTM $ 0.0454
$ 99.29M
$ 99.29 million
-0.84%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.257
$ 147.90M
$ 147.90 million
+6.43%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.99B
$ 8.99 billion
+0.06%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
-0.02%
Wrapped Matic WMATIC $ 0.0898
$ 12.78M
$ 12.78 million
-0.13%
Coinbase Wrapped XRP CBXRP $ 1.42
$ 85.04M
$ 85.04 million
-0.88%
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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