Synthetics · Alternatives
The best Wrap Protocol alternatives in 2026
Wrap Protocol issues wTokens representing ERC-20 and ERC-721 tokens for use on Tezos. If Wrap Protocol is not the right fit, these 12 reviewed Synthetics options are the closest matches, ranked by DappsAtlas score. Read our full Wrap Protocol review
At a glance
Wrap Protocol vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Not rated yet | $525K | 2 | |
| Score 7.2 out of 10 | $38.3M | 4 | |
| Score 6.2 out of 10 | $9.51M | 3 | |
| Not rated yet | $16.7M | 1 | |
| Score 6.0 out of 10 | $2.05M | 1 | |
| Score 5.5 out of 10 | $123K | 1 | |
| Score 5.2 out of 10 | $45.8K | 2 | |
| Score 6.5 out of 10 | $78.9K | 4 | |
| Score 5.5 out of 10 | $82.3K | 7 | |
| Kopio | Score 5.0 out of 10 | — | 1 |
| Score 4.8 out of 10 | $1 | 2 | |
| Score 4.5 out of 10 | $116K | 1 | |
| Score 4.5 out of 10 | $36.2K | 1 |
Ranked
Top Wrap Protocol alternatives
- 1
Alchemix V3
Synthetics · Ethereum, Optimism, Base +1
Alchemix V3 is the latest version of a DeFi protocol that offers self-repaying loans against ETH or USDC, with borrowing up to 90% LTV and no stated interest. Its mechanics are more complex than a standard lending market, and the version is new.
ScoreScore 7.2 out of 10TVL $38.3M+0.8% - 2
Metronome Synth
Synthetics · Ethereum, Optimism, Base
Metronome Synth is a multi-collateral synthetic asset protocol on Ethereum, Optimism and Base that lets users mint msUSD, msETH and msBTC against crypto collateral. Its TVL is moderate, but no audits are listed and fee details are not published in the material reviewed.
ScoreScore 6.2 out of 10TVL $9.51M−0.7% - 3
Youves
Synthetics · Tezos
Youves is a Tezos-based platform for minting synthetic assets, with minters earning YOU governance tokens. It shows meaningful TVL, but the details of its mechanics and fees need checking in the app.
ScoreNot rated yetTVL $16.7M−0.5% - 4
Usual ETH0
Synthetics · Ethereum
Usual ETH0 is a synthetic Ether token on Ethereum, backed by Lido's wrapped staked ETH. It is a small product inside a larger protocol that has had a bumpy history.
ScoreScore 6.0 out of 10TVL $2.05M−0.7% - 5
Metronome V1
Synthetics · Ethereum
Metronome V1 is the early Ethereum version of Metronome, which was pitched as an autonomous cryptocurrency and now promotes a synthetic asset protocol. The V1 listing holds little value, so check which version you are dealing with.
ScoreScore 5.5 out of 10TVL $123K−0.5% - 6
Rumpel Labs
Synthetics · Ethereum, Hyperliquid L1
Rumpel Labs is a point tokenization protocol that lets holders of offchain loyalty and airdrop points trade claims on them. It is an early, small-scale product, so liquidity and the underlying points programs are the main risks.
ScoreScore 5.2 out of 10TVL $45.8K−5.6% - 7
Alchemix V2
Synthetics · Ethereum, Optimism, Arbitrum +1
Alchemix V2 was the version of the self-repaying loan protocol that ran on Ethereum, Optimism, Arbitrum and Fantom. Its governance and bridge pages now say the migration to V3 is complete, so new users should look at the current Alchemix app instead.
ScoreScore 6.5 out of 10TVL $78.9K−0.1% - 8
Jarvis Network
Synthetics · Polygon, BNB Chain, Avalanche +4
Jarvis Network issues synthetic fiat-style tokens (jFIATs) against liquidity pools and now presents an on-chain euro account app. It is a small protocol by TVL, and part of its roadmap is still marked as coming soon.
ScoreScore 5.5 out of 10TVL $82.3K+0.1% - 9
Kopio
Synthetics · Arbitrum
Kopio is an Arbitrum protocol for trading crypto and synthetic real-world assets, with borrowing and long or short exposure. Its broad offering is clear, but key details about fees, collateral, and security are not published.
ScoreScore 5.0 out of 10TVL — - 10
Harbor
Synthetics · MegaETH, Ethereum
Harbor is a fork of f(x) Protocol that lets users mint pegged haTOKENS and leveraged hsTOKENS against yield-bearing collateral. Listed TVL is about 1 USD and the app shows no active Earn markets, so it looks dormant or winding down.
ScoreScore 4.8 out of 10TVL $1+0.6% - 11
Yam Finance
Synthetics · Ethereum
Yam Finance is an Ethereum-based DAO that builds synthetic assets, permissionless insurance and treasury services. It is small by TVL and has reportedly faced a governance attack, so treat it as high risk.
ScoreScore 4.5 out of 10TVL $116K+0.1% - 12
Mobius Finance
Synthetics · Polygon
Mobius Finance is a Polygon protocol for creating and trading synthetic assets using multiple forms of collateral. Its core proposition is clear, but current product details, fees, and audit information are difficult to verify.
ScoreScore 4.5 out of 10TVL $36.2K−2.8%