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Top Wrapped Tokens tokens by market capitalization

Wrapped Tokens contains 9 coins with a total market capitalization of $9.75B and an average price change of +0.53%. They are listed in size by market capitalization.

Wrapped tokens are tokens that represent specific cryptocurrencies on a different blockchain, maintaining the same value. These tokens facilitate the transfer of value across blockchains that lack interoperability, enabling a decentralized finance ecosystem that spans multiple chains.

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NamePrice24h %
focusIcon
$56,864.45+4.24%
focusIcon
$395.27-1.65%
focusIcon
$68.74+3.97%
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renBTC
renBTCRENBTC
$56,549.16+4.33%
focusIcon
$0.04261-5.26%
focusIcon
$1.03-3.19%
focusIcon
$2.82-2.20%
focusIcon
$0.2555+4.45%
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renZEC
renZECRENZEC
$46.33+4.35%
FAQ

What does wrapped token mean?

Converting a coin to be compatible with a different blockchain is possible through wrapping. Token wrapping is the process of exchanging one token for another of the same value using a smart contract stored on the blockchain. This can be compared to exchanging a dollar bill for four quarters.

What is the difference between pegged and wrapped tokens?

To put it simply, a pegged token is an asset that is tied to the value of another asset. On the other hand, a wrapped token is an asset that is linked to a different token and can be used on a separate blockchain.

What is wrapped Bitcoin token?

In the world of cryptocurrency, a wrapped token is a digital asset that is designed to function on a blockchain that wouldn't normally support it. A prime example of this is Wrapped Bitcoin (WBTC), which is widely recognized as one of the most popular wrapped tokens. To create WBTC tokens, an equal amount of bitcoin is held as collateral with a custodian while the tokens themselves are minted on Ethereum (and other compatible blockchains).