List of top Wrapped-Tokens coins by market cap. The current Wrapped-Tokens coin market cap is $8.20B , which has changed by -1.54% in the past 24 hours; the Wrapped-Tokens coin trading volume is $2.13B, which has changed by 0.00% in the past 24 hours. There are 36 cryptocurrencies in the Wrapped-Tokens coin list today.
Wrapped tokens are digital assets that represent the value of cryptocurrencies or real-world assets locked on one blockchain while enabling their use on another blockchain. These tokens are created through a process where the original asset is held in custody by a trusted entity or smart contract, and an equivalent amount of wrapped tokens is issued on a different blockchain network. For example, Wrapped Bitcoin (WBTC) allows Bitcoin to be used on the Ethereum network, while maintaining a 1:1 peg with actual Bitcoin. Wrapped tokens serve as bridges between different blockchain ecosystems, enabling cross-chain liquidity, interoperability, and expanded use cases. They facilitate decentralized finance (DeFi) activities by allowing users to access assets across multiple networks without selling their original holdings. The wrapped token market has grown significantly as blockchain fragmentation increases, with wrapped versions of major cryptocurrencies, commodities, and fiat currencies becoming essential infrastructure for multi-chain DeFi platforms and trading venues.