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 $ 2,962.03
$ 26.15B
$ 26.15 billion
+0.76%
2 Wrapped BTC WBTC $ 89,418.07
$ 12.28B
$ 12.28 billion
+0.46%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,629.87
$ 11.59B
$ 11.59 billion
+0.76%
4 Wrapped eETH weETH $ 3,220.34
$ 9.16B
$ 9.16 billion
+0.75%
5 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
-0.12%
6 Wrapped Ether WETH $ 2,960.17
$ 7.87B
$ 7.87 billion
+0.65%
7 Coinbase Wrapped BTC CBBTC $ 89,541.35
$ 3.76B
$ 3.76 billion
+0.36%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.02%
9 Bitcoin BEP2 BTCB $ 89,657.76
$ 3.51B
$ 3.51 billion
+0.45%
10 Jito Staked SOL JITOSOL $ 159.67
$ 1.82B
$ 1.82 billion
-0.28%
11 Wrapped BNB WBNB $ 892.85
$ 1.26B
$ 1.26 billion
+0.52%
12 Rocket Pool ETH RETH $ 3,422.62
$ 1.23B
$ 1.23 billion
+0.61%
13 Lombard Staked Bitcoin LBTC $ 89,671.20
$ 948.34M
$ 948.34 million
+0.52%
14 tBTC v2 TBTC $ 89,469.81
$ 529.03M
$ 529.03 million
+0.42%
15 Marinade staked SOL MSOL $ 172.14
$ 435.64M
$ 435.64 million
-0.25%
16 Coinbase Wrapped Staked ETH CBETH $ 3,315.44
$ 416.86M
$ 416.86 million
+0.70%
17 Bitcoin Avalanche Bridged BTC.b $ 90,189.15
$ 346.68M
$ 346.68 million
+0.15%
18 Wrapped Solana SOL $ 127.14
$ 237.65M
$ 237.65 million
-0.28%
19 Wrapped AVAX WAVAX $ 12.29
$ 203.36M
$ 203.36 million
-1.77%
20 Wrapped Centrifuge CFG $ 0.120
$ 68.85M
$ 68.85 million
+1.37%
21 Wrapped Matic WMATIC $ 0.127
$ 18.14M
$ 18.14 million
-3.96%
22 Wrapped NCG WNCG $ 0.00802
$ 2.57M
$ 2.57 million
+4.44%
23 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
+0.14%

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

24 Wrapped TRON WTRX $ 0.295
$ 3.78B
$ 3.78 billion
-4.20%
25 Binance Staked SOL BNSOL $ 139.33
$ 1.33B
$ 1.33 billion
-0.37%
26 Mantle Staked Ether METH $ 3,211.07
$ 683.70M
$ 683.70 million
+0.65%
27 Jupiter Staked SOL JUPSOL $ 147.98
$ 603.04M
$ 603.04 million
-0.30%
28 Binance-Peg XRP Token XRP $ 1.94
$ 475.72M
$ 475.72 million
+1.79%
29 BybitSOL BBSOL $ 143.80
$ 229.06M
$ 229.06 million
-0.25%
30 ckBTC ckBTC $ 89,621.47
$ 42.30M
$ 42.30 million
+0.29%
31 Coinbase Wrapped XRP CBXRP $ 1.92
$ 40.83M
$ 40.83 million
+0.54%
32 Wrapped NXM WNXM $ 71.64
$ 34.64M
$ 34.64 million
-1.77%
33 Wrapped TAO WTAO $ 240.94
$ 28.53M
$ 28.53 million
+4.04%
34 ckUSDC CKUSDC $ 1.00
$ 1.85M
$ 1.85 million
-0.06%
35 ckETH ckETH $ 2,956.74
$ 1.83M
$ 1.83 million
+0.74%
36 renBTC RENBTC $ 4,394.73
$ 1.34M
$ 1.34 million
+1.77%
37 ckOCT CKOCT $ 0.0357
$ 632.94T
$ 632.94 trillion
-3.56%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,805.89
$ 42.97T
$ 42.97 trillion
-0.84%
39 Wrapped DOGE WDOGE $ 0.142
$ 18.48B
$ 18.48 billion
-3.08%
40 Wrapped Binance Beacon ETH WBETH $ 3,226.58
$ 4.52B
$ 4.52 billion
+0.65%
41 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
-0.01%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.02%
43 USDC (Avalance) USDC $ 1.00
$ 724.61M
$ 724.61 million
-0.14%
44 Wrapped BTC (Wormhole) WBTC $ 89,372.13
$ 357.25M
$ 357.25 million
+0.42%
45 Binance Wrapped BTC BBTC $ 89,478.30
$ 259.49M
$ 259.49 million
+0.45%
46 Gate Wrapped BTC GTBTC $ 89,820.47
$ 206.60M
$ 206.60 million
+0.45%
47 Kelp DAO Wrapped rsETH WRSETH $ 3,147.21
$ 98.86M
$ 98.86 million
+1.10%
48 TRON peg TRX $ 0.295
$ 88.22M
$ 88.22 million
-4.03%
49 Binance-Peg Bitcoin Cash Token BCH $ 591.82
$ 57.11M
$ 57.11 million
-0.20%
50 Wrapped BTC WBTC.E $ 90,296.62
$ 39.55M
$ 39.55 million
-0.12%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00802
$ 2.57M
$ 2.57 million
+4.44%
Wrapped Centrifuge CFG $ 0.120
$ 68.85M
$ 68.85 million
+1.37%
Lido Staked Ether stETH $ 2,962.03
$ 26.15B
$ 26.15 billion
+0.76%
Wrapped liquid staked Ether 2.0 wstETH $ 3,629.87
$ 11.59B
$ 11.59 billion
+0.76%
Wrapped eETH weETH $ 3,220.34
$ 9.16B
$ 9.16 billion
+0.75%
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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