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 $ 2,071.70
$ 18.27B
$ 18.27 billion
+2.24%
2 Wrapped BTC WBTC $ 70,527.53
$ 9.69B
$ 9.69 billion
+1.51%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.20%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,543.34
$ 8.12B
$ 8.12 billion
+2.23%
5 Wrapped eETH weETH $ 2,255.49
$ 6.41B
$ 6.41 billion
+1.90%
6 Wrapped Ether WETH $ 2,073.98
$ 5.51B
$ 5.51 billion
+2.32%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.09%
8 Coinbase Wrapped BTC CBBTC $ 70,757.01
$ 3.11B
$ 3.11 billion
+1.64%
9 Bitcoin BEP2 BTCB $ 70,707.83
$ 2.97B
$ 2.97 billion
+1.56%
10 Jito Staked SOL JITOSOL $ 110.79
$ 1.25B
$ 1.25 billion
+2.49%
11 Binance Staked SOL BNSOL $ 96.28
$ 944.34M
$ 944.34 million
+2.49%
12 Wrapped BNB WBNB $ 654.36
$ 921.87M
$ 921.87 million
+2.09%
13 Rocket Pool ETH RETH $ 2,402.03
$ 862.05M
$ 862.05 million
+2.16%
14 Lombard Staked Bitcoin LBTC $ 70,745.11
$ 748.22M
$ 748.22 million
+1.14%
15 Solv BTC SOLVBTC $ 70,345.92
$ 454.03M
$ 454.03 million
+1.06%
16 Jupiter Staked SOL JUPSOL $ 104.52
$ 437.76M
$ 437.76 million
+4.18%
17 tBTC v2 TBTC $ 70,623.67
$ 417.54M
$ 417.54 million
+1.55%
18 Binance-Peg XRP Token XRP $ 1.39
$ 341.35M
$ 341.35 million
+0.37%
19 Coinbase Wrapped Staked ETH CBETH $ 2,332.71
$ 292.98M
$ 292.98 million
+2.34%
20 Bitcoin Avalanche Bridged BTC.b $ 70,585.29
$ 271.29M
$ 271.29 million
+1.15%
21 Marinade staked SOL MSOL $ 119.16
$ 248.32M
$ 248.32 million
+2.27%
22 Wrapped Solana SOL $ 87.38
$ 163.32M
$ 163.32 million
+2.30%
23 Wrapped AVAX WAVAX $ 9.63
$ 135.72M
$ 135.72 million
+0.83%
24 BybitSOL BBSOL $ 99.51
$ 116.66M
$ 116.66 million
+2.20%
25 Wrapped Centrifuge CFG $ 0.133
$ 76.61M
$ 76.61 million
-5.09%
26 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.59M
$ 29.59 million
+0.45%
27 Wrapped TAO WTAO $ 204.41
$ 24.20M
$ 24.20 million
+2.25%
28 Wrapped Matic WMATIC $ 0.0984
$ 14.01M
$ 14.01 million
+2.57%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.06%
30 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
+0.65%

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

31 Mantle Staked Ether METH $ 2,252.64
$ 479.63M
$ 479.63 million
+2.25%
32 ckBTC ckBTC $ 72,050.84
$ 34.01M
$ 34.01 million
+4.21%
33 Wrapped NXM WNXM $ 52.42
$ 25.35M
$ 25.35 million
+0.43%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
+0.80%
35 ckETH ckETH $ 2,078.29
$ 1.29M
$ 1.29 million
+2.20%
36 renBTC RENBTC $ 3,636.88
$ 1.11M
$ 1.11 million
+1.32%
37 ckOCT CKOCT $ 0.00403
$ 71.38T
$ 71.38 trillion
+26.71%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,969.29
$ 44.43T
$ 44.43 trillion
-3.68%
39 Wrapped DOGE WDOGE $ 0.106
$ 13.70B
$ 13.70 billion
-4.12%
40 Wrapped BTC (BitGo) WBTC $ 70,517.43
$ 8.44B
$ 8.44 billion
--%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.12%
42 Wrapped Binance Beacon ETH WBETH $ 2,262.28
$ 2.94B
$ 2.94 billion
+2.27%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
-0.16%
44 USDC (Avalance) USDC $ 0.998
$ 719.95M
$ 719.95 million
+0.00%
45 Wrapped BTC (Wormhole) WBTC $ 70,519.38
$ 281.89M
$ 281.89 million
+1.40%
46 Binance Wrapped BTC BBTC $ 70,624.89
$ 204.81M
$ 204.81 million
+1.37%
47 Gate Wrapped BTC GTBTC $ 70,939.22
$ 163.13M
$ 163.13 million
+1.75%
48 TRON peg TRX $ 0.291
$ 86.91M
$ 86.91 million
+2.23%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,202.65
$ 69.19M
$ 69.19 million
+1.93%
50 Cardano AP3X Token cAP3X $ 0.0197
$ 59.14M
$ 59.14 million
-5.63%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Jupiter Staked SOL JUPSOL $ 104.52
$ 437.76M
$ 437.76 million
+4.18%
Wrapped Matic WMATIC $ 0.0984
$ 14.01M
$ 14.01 million
+2.57%
Binance Staked SOL BNSOL $ 96.28
$ 944.34M
$ 944.34 million
+2.49%
Jito Staked SOL JITOSOL $ 110.79
$ 1.25B
$ 1.25 billion
+2.49%
Coinbase Wrapped Staked ETH CBETH $ 2,332.71
$ 292.98M
$ 292.98 million
+2.34%
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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