Wrapped coins

0 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 $ 2,959.59
$ 26.10B
$ 26.10 billion
+1.48%
2 Wrapped BTC WBTC $ 89,376.94
$ 12.28B
$ 12.28 billion
+1.74%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,623.20
$ 11.57B
$ 11.57 billion
+1.68%
4 Wrapped eETH weETH $ 3,215.77
$ 9.15B
$ 9.15 billion
+1.74%
5 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.24%
6 Wrapped Ether WETH $ 2,955.63
$ 7.86B
$ 7.86 billion
+1.62%
7 Coinbase Wrapped BTC CBBTC $ 89,639.16
$ 3.76B
$ 3.76 billion
+1.76%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.11%
9 Bitcoin BEP2 BTCB $ 89,751.28
$ 3.51B
$ 3.51 billion
+1.97%
10 Jito Staked SOL JITOSOL $ 161.25
$ 1.84B
$ 1.84 billion
+1.08%
11 Wrapped BNB WBNB $ 886.32
$ 1.25B
$ 1.25 billion
+1.82%
12 Rocket Pool ETH RETH $ 3,420.57
$ 1.23B
$ 1.23 billion
+1.76%
13 Lombard Staked Bitcoin LBTC $ 89,518.45
$ 946.73M
$ 946.73 million
+1.60%
14 Mantle Staked Ether METH $ 3,211.69
$ 683.83M
$ 683.83 million
+2.06%
15 tBTC v2 TBTC $ 89,485.53
$ 529.12M
$ 529.12 million
+1.80%
16 Binance-Peg XRP Token XRP $ 1.93
$ 472.53M
$ 472.53 million
+1.81%
17 Marinade staked SOL MSOL $ 173.84
$ 439.93M
$ 439.93 million
+1.03%
18 Coinbase Wrapped Staked ETH CBETH $ 3,314.55
$ 416.70M
$ 416.70 million
+1.79%
19 Bitcoin Avalanche Bridged BTC.b $ 90,564.95
$ 347.95M
$ 347.95 million
+2.83%
20 Wrapped Solana SOL $ 128.30
$ 239.82M
$ 239.82 million
+0.95%
21 BybitSOL BBSOL $ 145.22
$ 231.34M
$ 231.34 million
+1.02%
22 Wrapped AVAX WAVAX $ 12.49
$ 206.60M
$ 206.60 million
+3.26%
23 Wrapped Centrifuge CFG $ 0.117
$ 67.37M
$ 67.37 million
+2.64%
24 Coinbase Wrapped XRP CBXRP $ 1.93
$ 41.03M
$ 41.03 million
+1.90%
25 Wrapped Matic WMATIC $ 0.133
$ 18.92M
$ 18.92 million
-0.54%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
+0.10%
27 Wrapped NCG WNCG $ 0.00765
$ 2.45M
$ 2.45 million
-0.28%

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

28 Wrapped TRON WTRX $ 0.303
$ 3.88B
$ 3.88 billion
+1.58%
29 Binance Staked SOL BNSOL $ 140.70
$ 1.34B
$ 1.34 billion
+1.06%
30 Jupiter Staked SOL JUPSOL $ 149.49
$ 609.19M
$ 609.19 million
+1.14%
31 ckBTC ckBTC $ 89,505.92
$ 42.24M
$ 42.24 million
+1.60%
32 Wrapped NXM WNXM $ 73.35
$ 35.49M
$ 35.49 million
+0.40%
33 Wrapped TAO WTAO $ 233.55
$ 27.66M
$ 27.66 million
+1.26%
34 ckUSDC CKUSDC $ 0.998
$ 1.84M
$ 1.84 million
+0.79%
35 ckETH ckETH $ 2,964.99
$ 1.83M
$ 1.83 million
+2.51%
36 renBTC RENBTC $ 4,284.40
$ 1.30M
$ 1.30 million
+3.81%
37 Wrapped DOGE WDOGE $ 0.149
$ 19.19B
$ 19.19 billion
+4.93%
38 Wrapped Binance Beacon ETH WBETH $ 3,221.32
$ 4.52B
$ 4.52 billion
+1.73%
39 USDC (BASE) USDC $ 1.000
$ 4.41B
$ 4.41 billion
+0.23%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.23%
41 USDC (Avalance) USDC $ 1.01
$ 725.37M
$ 725.37 million
+0.43%
42 Wrapped BTC (Wormhole) WBTC $ 89,422.16
$ 357.45M
$ 357.45 million
+1.91%
43 Binance Wrapped BTC BBTC $ 89,489.69
$ 259.52M
$ 259.52 million
+2.81%
44 Gate Wrapped BTC GTBTC $ 89,711.38
$ 206.30M
$ 206.30 million
+1.52%
45 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.74M
$ 123.74 million
-0.01%
46 Kelp DAO Wrapped rsETH WRSETH $ 3,162.37
$ 99.33M
$ 99.33 million
+3.65%
47 TRON peg TRX $ 0.302
$ 90.21M
$ 90.21 million
+1.60%
48 Binance-Peg Bitcoin Cash Token BCH $ 598.83
$ 57.79M
$ 57.79 million
+3.93%
49 Wrapped DAG WDAG $ 0.0112
$ 41.47M
$ 41.47 million
+0.00%
50 Wrapped BTC WBTC.E $ 90,349.62
$ 39.57M
$ 39.57 million
+2.81%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 12.49
$ 206.60M
$ 206.60 million
+3.26%
Bitcoin Avalanche Bridged BTC.b $ 90,564.95
$ 347.95M
$ 347.95 million
+2.83%
Wrapped Centrifuge CFG $ 0.117
$ 67.37M
$ 67.37 million
+2.64%
Mantle Staked Ether METH $ 3,211.69
$ 683.83M
$ 683.83 million
+2.06%
Bitcoin BEP2 BTCB $ 89,751.28
$ 3.51B
$ 3.51 billion
+1.97%
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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