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 $ 3,021.37
$ 26.64B
$ 26.64 billion
+3.90%
2 Wrapped BTC WBTC $ 89,163.95
$ 12.25B
$ 12.25 billion
+1.63%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,696.96
$ 11.80B
$ 11.80 billion
+3.72%
4 Wrapped eETH weETH $ 3,279.32
$ 9.33B
$ 9.33 billion
+3.70%
5 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.14%
6 Wrapped Ether WETH $ 3,020.00
$ 8.03B
$ 8.03 billion
+3.87%
7 Coinbase Wrapped BTC CBBTC $ 89,273.36
$ 3.75B
$ 3.75 billion
+1.51%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.05%
9 Bitcoin BEP2 BTCB $ 89,382.55
$ 3.50B
$ 3.50 billion
+1.58%
10 Jito Staked SOL JITOSOL $ 160.18
$ 1.83B
$ 1.83 billion
+2.85%
11 Wrapped BNB WBNB $ 907.51
$ 1.28B
$ 1.28 billion
+3.17%
12 Rocket Pool ETH RETH $ 3,470.84
$ 1.25B
$ 1.25 billion
+3.02%
13 Lombard Staked Bitcoin LBTC $ 89,397.84
$ 945.45M
$ 945.45 million
+1.46%
14 tBTC v2 TBTC $ 88,862.11
$ 525.44M
$ 525.44 million
+1.13%
15 Marinade staked SOL MSOL $ 172.20
$ 435.79M
$ 435.79 million
+2.60%
16 Coinbase Wrapped Staked ETH CBETH $ 3,382.18
$ 425.20M
$ 425.20 million
+3.76%
17 Bitcoin Avalanche Bridged BTC.b $ 89,418.01
$ 343.74M
$ 343.74 million
+1.69%
18 Wrapped Solana SOL $ 127.36
$ 238.05M
$ 238.05 million
+2.89%
19 Wrapped AVAX WAVAX $ 12.17
$ 201.40M
$ 201.40 million
+4.09%
20 Wrapped Centrifuge CFG $ 0.119
$ 68.46M
$ 68.46 million
+4.42%
21 Coinbase Wrapped XRP CBXRP $ 1.92
$ 40.91M
$ 40.91 million
+1.64%
22 Wrapped Matic WMATIC $ 0.119
$ 16.97M
$ 16.97 million
+1.32%
23 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
+0.12%
24 Wrapped NCG WNCG $ 0.00756
$ 2.42M
$ 2.42 million
-0.87%

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

25 Wrapped TRON WTRX $ 0.292
$ 3.75B
$ 3.75 billion
-0.66%
26 Binance Staked SOL BNSOL $ 139.49
$ 1.33B
$ 1.33 billion
+2.90%
27 Mantle Staked Ether METH $ 3,285.10
$ 699.46M
$ 699.46 million
+4.23%
28 Jupiter Staked SOL JUPSOL $ 148.37
$ 604.64M
$ 604.64 million
+2.80%
29 Binance-Peg XRP Token XRP $ 1.91
$ 469.10M
$ 469.10 million
+1.14%
30 BybitSOL BBSOL $ 144.69
$ 230.47M
$ 230.47 million
+3.16%
31 ckBTC ckBTC $ 89,328.53
$ 42.16M
$ 42.16 million
+1.33%
32 Wrapped NXM WNXM $ 72.53
$ 35.08M
$ 35.08 million
+0.16%
33 Wrapped TAO WTAO $ 228.66
$ 27.13M
$ 27.13 million
-1.31%
34 ckETH ckETH $ 3,004.27
$ 1.86M
$ 1.86 million
+3.45%
35 ckUSDC CKUSDC $ 0.995
$ 1.83M
$ 1.83 million
-0.04%
36 renBTC RENBTC $ 4,458.86
$ 1.36M
$ 1.36 million
+5.01%
37 ckOCT CKOCT $ 0.0333
$ 589.13T
$ 589.13 trillion
-8.30%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,150.99
$ 46.06T
$ 46.06 trillion
+0.63%
39 Wrapped DOGE WDOGE $ 0.149
$ 19.19B
$ 19.19 billion
+2.43%
40 Wrapped Binance Beacon ETH WBETH $ 3,292.72
$ 4.61B
$ 4.61 billion
+3.95%
41 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
-0.04%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.09%
43 USDC (Avalance) USDC $ 1.00
$ 722.23M
$ 722.23 million
+0.02%
44 Wrapped BTC (Wormhole) WBTC $ 89,095.34
$ 356.14M
$ 356.14 million
+1.58%
45 Binance Wrapped BTC BBTC $ 89,119.46
$ 258.45M
$ 258.45 million
+1.54%
46 Gate Wrapped BTC GTBTC $ 89,640.40
$ 206.06M
$ 206.06 million
+1.68%
47 Kelp DAO Wrapped rsETH WRSETH $ 3,187.51
$ 100.12M
$ 100.12 million
+2.83%
48 TRON peg TRX $ 0.291
$ 86.93M
$ 86.93 million
-1.29%
49 Binance-Peg Bitcoin Cash Token BCH $ 592.22
$ 57.15M
$ 57.15 million
-0.12%
50 ETH by Sui Bridge ETH $ 3,018.64
$ 39.94M
$ 39.94 million
+3.87%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.119
$ 68.46M
$ 68.46 million
+4.42%
Wrapped AVAX WAVAX $ 12.17
$ 201.40M
$ 201.40 million
+4.09%
Lido Staked Ether stETH $ 3,021.37
$ 26.64B
$ 26.64 billion
+3.90%
Wrapped Ether WETH $ 3,020.00
$ 8.03B
$ 8.03 billion
+3.87%
Coinbase Wrapped Staked ETH CBETH $ 3,382.18
$ 425.20M
$ 425.20 million
+3.76%
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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