Wrapped Tokens Explained: What They Are and Why They Exist

If you’ve spent any time in DeFi or explored different blockchain ecosystems, you’ve likely encountered tokens with a “W” prefix—WBTC, WETH, WSOL. These aren’t separate cryptocurrencies competing with their originals. They’re representations, essentially receipts, that allow one blockchain’s assets to function on another. The concept confuses people, and honestly, the confusion is warranted. The terminology…