About Wrapped-Tokens Cryptocurrencies
Wrapped-Tokens are a category of cryptocurrencies that have gained popularity in recent times. These tokens are designed to provide a way for users to interact with decentralized applications (dApps) on the Ethereum blockchain without having to hold the underlying asset. For example, a wrapped token representing Bitcoin can be used to participate in a dApp that only accepts Bitcoin as payment. This allows users who do not have access to Bitcoin to still participate in these applications and benefit from their functionality. Wrapped-Tokens are also useful for reducing the complexity of interacting with different blockchain networks, as they provide a single entry point for users to access multiple assets. Overall, wrapped tokens offer a convenient and secure way for users to engage with decentralized applications on the Ethereum blockchain.
List of Wrapped-Tokens Cryptocurrencies
| Coin Name | Market Capitalization |
|---|---|
 Wrapped Bitcoin (WBTC) |
$4,750,032,994.0 |
 Wrapped NXM (WNXM) |
$73,892,686.0 |
 renBTC (RENBTC) |
$9,133,737.0 |
 renDOGE (RENDOGE) |
$141,373.0 |