Wrapped exists

Indicates if wrapped versions exist, improving cross-chain liquidity.

Shows whether the token is available in “wrapped” form on other blockchains.

Useful for cross-chain liquidity.

The more wrapped versions there are, the more the token circulates because it can be used on more blockchains. This is a parameter that contributes to the token’s success.

However, it also increases the risk of hacks related to bridges. Therefore, during custody periods when a wrapped version is not necessary, it is preferable to keep the tokens in an unwrapped version, i.e., on their original blockchain.

Source: coingecko.com

This metric is part of the Liquidity category

Documentation