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 $ 3,015.66
$ 26.60B
$ 26.60 billion
+3.76%
2 Wrapped BTC WBTC $ 89,151.16
$ 12.24B
$ 12.24 billion
+1.75%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,702.19
$ 11.82B
$ 11.82 billion
+3.95%
4 Wrapped eETH weETH $ 3,277.94
$ 9.32B
$ 9.32 billion
+3.88%
5 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.15%
6 Wrapped Ether WETH $ 3,015.73
$ 8.02B
$ 8.02 billion
+3.87%
7 Coinbase Wrapped BTC CBBTC $ 89,339.64
$ 3.75B
$ 3.75 billion
+1.76%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.10%
9 Bitcoin BEP2 BTCB $ 89,339.78
$ 3.50B
$ 3.50 billion
+1.61%
10 Jito Staked SOL JITOSOL $ 159.39
$ 1.82B
$ 1.82 billion
+2.58%
11 Wrapped BNB WBNB $ 904.85
$ 1.28B
$ 1.28 billion
+3.04%
12 Rocket Pool ETH RETH $ 3,479.72
$ 1.25B
$ 1.25 billion
+3.50%
13 Lombard Staked Bitcoin LBTC $ 89,468.76
$ 946.20M
$ 946.20 million
+1.68%
14 tBTC v2 TBTC $ 88,891.32
$ 525.60M
$ 525.60 million
+1.27%
15 Binance-Peg XRP Token XRP $ 1.92
$ 471.24M
$ 471.24 million
+1.60%
16 Marinade staked SOL MSOL $ 172.01
$ 435.31M
$ 435.31 million
+2.72%
17 Coinbase Wrapped Staked ETH CBETH $ 3,383.77
$ 425.47M
$ 425.47 million
+4.00%
18 Bitcoin Avalanche Bridged BTC.b $ 89,360.67
$ 343.49M
$ 343.49 million
+1.68%
19 Wrapped Solana SOL $ 127.09
$ 237.55M
$ 237.55 million
+2.72%
20 Wrapped AVAX WAVAX $ 12.18
$ 201.60M
$ 201.60 million
+4.21%
21 Wrapped Centrifuge CFG $ 0.119
$ 68.48M
$ 68.48 million
+4.25%
22 Coinbase Wrapped XRP CBXRP $ 1.92
$ 40.94M
$ 40.94 million
+1.68%
23 Wrapped Matic WMATIC $ 0.120
$ 17.10M
$ 17.10 million
+2.63%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.51M
$ 2.51 million
-0.17%
25 Wrapped NCG WNCG $ 0.00754
$ 2.42M
$ 2.42 million
-1.25%

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

26 Wrapped TRON WTRX $ 0.292
$ 3.74B
$ 3.74 billion
-0.68%
27 Binance Staked SOL BNSOL $ 139.22
$ 1.33B
$ 1.33 billion
+2.82%
28 Mantle Staked Ether METH $ 3,279.75
$ 698.32M
$ 698.32 million
+4.11%
29 Jupiter Staked SOL JUPSOL $ 148.30
$ 604.32M
$ 604.32 million
+2.93%
30 BybitSOL BBSOL $ 143.89
$ 229.20M
$ 229.20 million
+2.76%
31 ckBTC ckBTC $ 89,334.57
$ 42.17M
$ 42.17 million
+1.30%
32 Wrapped NXM WNXM $ 72.61
$ 35.11M
$ 35.11 million
+0.40%
33 Wrapped TAO WTAO $ 228.31
$ 27.04M
$ 27.04 million
-1.95%
34 ckETH ckETH $ 3,019.30
$ 1.87M
$ 1.87 million
+3.94%
35 ckUSDC CKUSDC $ 0.996
$ 1.83M
$ 1.83 million
-0.02%
36 renBTC RENBTC $ 4,462.94
$ 1.36M
$ 1.36 million
+5.59%
37 ckOCT CKOCT $ 0.0332
$ 588.00T
$ 588.00 trillion
-8.47%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,149.61
$ 46.04T
$ 46.04 trillion
+0.68%
39 Wrapped DOGE WDOGE $ 0.149
$ 19.22B
$ 19.22 billion
+2.10%
40 Wrapped Binance Beacon ETH WBETH $ 3,285.54
$ 4.60B
$ 4.60 billion
+3.81%
41 USDC (BASE) USDC $ 1.00
$ 4.41B
$ 4.41 billion
-0.15%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.01%
43 USDC (Avalance) USDC $ 1.00
$ 721.45M
$ 721.45 million
-0.16%
44 Wrapped BTC (Wormhole) WBTC $ 89,162.06
$ 356.41M
$ 356.41 million
+1.89%
45 Binance Wrapped BTC BBTC $ 89,119.46
$ 258.45M
$ 258.45 million
+1.59%
46 Gate Wrapped BTC GTBTC $ 89,623.10
$ 206.10M
$ 206.10 million
+1.77%
47 Kelp DAO Wrapped rsETH WRSETH $ 3,206.24
$ 100.71M
$ 100.71 million
+3.43%
48 TRON peg TRX $ 0.291
$ 86.99M
$ 86.99 million
-1.33%
49 Binance-Peg Bitcoin Cash Token BCH $ 592.70
$ 57.20M
$ 57.20 million
+0.18%
50 ETH by Sui Bridge ETH $ 3,015.35
$ 39.90M
$ 39.90 million
+3.96%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.119
$ 68.48M
$ 68.48 million
+4.25%
Wrapped AVAX WAVAX $ 12.18
$ 201.60M
$ 201.60 million
+4.21%
Coinbase Wrapped Staked ETH CBETH $ 3,383.77
$ 425.47M
$ 425.47 million
+4.00%
Wrapped liquid staked Ether 2.0 wstETH $ 3,702.19
$ 11.82B
$ 11.82 billion
+3.95%
Wrapped eETH weETH $ 3,277.94
$ 9.32B
$ 9.32 billion
+3.88%
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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