Wrapped BNB (WBNB)

Wrapped BNB is a claim on another asset, not an asset of its own. Its value is the thing held against it, which is already counted in the ranking — so it is listed here and left out of the total.

TypeWrapped asset
ClassCrypto-pegged
BackingIOU
CustodyNon-custodial — backing held by contract
Market capitalisation$1.2B
Price$770.57
Circulating supply1,559,568 WBNB
Issued on1 chain

Figures as of 25 September 2026, from the six-hourly snapshot.

Where it lives

It is issued on one chain. Linked names are chains that are themselves cryptocurrencies with a page here.

Binance Smart Chain

Why it is not in the asset count

CoinSpectrum counts an asset once. Its value is another asset, and that asset is already in the ranking. Counting both counts the same thing twice, which is how other rankings arrive at totals in the thousands. The methodology states the rule, and the argument for it is set out in full.

Listed, not hidden. The point is that it is measured as what it is.