Wrapped coins 3 coins
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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 $ 2,061.43 $ 18.17B
$ 18.17 billion +3.11% 2 Wrapped BTC WBTC $ 70,668.71 $ 9.71B
$ 9.71 billion +4.50% 3 Binance-Peg BSC-USD BSC-USD $ 0.999 $ 8.98B
$ 8.98 billion +0.02% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,530.72 $ 8.08B
$ 8.08 billion +3.16% 5 Wrapped eETH weETH $ 2,240.33 $ 6.37B
$ 6.37 billion +3.04% 6 Wrapped Ether WETH $ 2,064.68 $ 5.48B
$ 5.48 billion +3.22% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.08% 8 Coinbase Wrapped BTC CBBTC $ 70,893.88 $ 3.11B
$ 3.11 billion +4.48% 9 Bitcoin BEP2 BTCB $ 70,812.84 $ 2.97B
$ 2.97 billion +4.44% 10 Jito Staked SOL JITOSOL $ 110.20 $ 1.24B
$ 1.24 billion +4.14% 11 Binance Staked SOL BNSOL $ 95.93 $ 940.52M
$ 940.52 million +3.99% 12 Wrapped BNB WBNB $ 647.13 $ 911.55M
$ 911.55 million +3.33% 13 Rocket Pool ETH RETH $ 2,380.69 $ 854.32M
$ 854.32 million +3.22% 14 Lombard Staked Bitcoin LBTC $ 70,637.83 $ 747.09M
$ 747.09 million +4.43% 15 Mantle Staked Ether METH $ 2,245.95 $ 478.18M
$ 478.18 million +3.73% 16 Solv BTC SOLVBTC $ 69,810.17 $ 444.28M
$ 444.28 million +3.68% 17 tBTC v2 TBTC $ 70,722.17 $ 418.17M
$ 418.17 million +4.61% 18 Marinade staked SOL MSOL $ 118.54 $ 300.01M
$ 300.01 million +4.24% 19 Coinbase Wrapped Staked ETH CBETH $ 2,321.68 $ 291.51M
$ 291.51 million +3.14% 20 Bitcoin Avalanche Bridged BTC.b $ 70,818.59 $ 272.03M
$ 272.03 million +4.67% 21 Wrapped Solana SOL $ 87.12 $ 162.60M
$ 162.60 million +3.95% 22 Wrapped AVAX WAVAX $ 9.44 $ 156.10M
$ 156.10 million +3.80% 23 BybitSOL BBSOL $ 99.17 $ 116.62M
$ 116.62 million +3.83% 24 Wrapped Centrifuge CFG $ 0.139 $ 79.94M
$ 79.94 million +0.47% 25 Coinbase Wrapped XRP CBXRP $ 1.39 $ 29.62M
$ 29.62 million +3.35% 26 Wrapped Matic WMATIC $ 0.0970 $ 13.80M
$ 13.80 million +0.28% 27 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.56M
$ 2.56 million -0.02%
The coins below are ranked lower due to missing data.
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28 Jupiter Staked SOL JUPSOL $ 102.22 $ 428.11M
$ 428.11 million +4.44% 29 Binance-Peg XRP Token XRP $ 1.39 $ 341.79M
$ 341.79 million +3.61% 30 ckBTC ckBTC $ 69,617.65 $ 32.86M
$ 32.86 million +2.99% 31 Wrapped NXM WNXM $ 50.64 $ 24.47M
$ 24.47 million +0.54% 32 Wrapped TAO WTAO $ 196.91 $ 23.32M
$ 23.32 million +0.71% 33 ckUSDC CKUSDC $ 0.996 $ 1.85M
$ 1.85 million -0.44% 34 Wrapped NCG WNCG $ 0.00531 $ 1.70M
$ 1.70 million +1.45% 35 ckETH ckETH $ 2,051.56 $ 1.27M
$ 1.27 million +3.24% 36 renBTC RENBTC $ 3,315.17 $ 1.01M
$ 1.01 million +8.07% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,176.01 $ 46.28T
$ 46.28 trillion +3.59% 38 Wrapped DOGE WDOGE $ 0.107 $ 13.84B
$ 13.84 billion +3.56% 39 USDC (BASE) USDC $ 0.999 $ 4.34B
$ 4.34 billion -0.28% 40 Wrapped Binance Beacon ETH WBETH $ 2,251.18 $ 2.93B
$ 2.93 billion +3.33% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999 $ 1.29B
$ 1.29 billion +0.01% 42 USDC (Avalance) USDC $ 0.999 $ 720.52M
$ 720.52 million -0.22% 43 Wrapped BTC (Wormhole) WBTC $ 70,681.92 $ 282.58M
$ 282.58 million +4.59% 44 Binance Wrapped BTC BBTC $ 70,389.74 $ 204.13M
$ 204.13 million +4.18% 45 Gate Wrapped BTC GTBTC $ 71,055.08 $ 163.40M
$ 163.40 million +4.50% 46 TRON peg TRX $ 0.285 $ 85.24M
$ 85.24 million -1.05% 47 Kelp DAO Wrapped rsETH WRSETH $ 2,197.66 $ 69.03M
$ 69.03 million +3.46% 48 Binance-Peg Bitcoin Cash Token BCH $ 448.10 $ 43.24M
$ 43.24 million +0.15% 49 Wrapped BTC WBTC.E $ 70,424.35 $ 30.67M
$ 30.67 million +4.11% 50 ETH by Sui Bridge ETH $ 2,066.02 $ 28.41M
$ 28.41 million +3.99%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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