About WETH
Trading Insights
Traders
229K
Searched
22
Market Stats
Market Cap
A$1.05B
0.14%
FDV
A$19.91B
Circ. Supply
3.4M WETH
Max Supply
Not enough data
Total Supply
3.4M WETH
Diluted Valuation
A$13.07B
Performance
Popularity
Not enough data
Dominance
0.36%
Volume (24H)
A$1.84B
-19.94%
Volume (7D)
A$28.30B
Volume (30D)
A$120.01B
All time high
A$18.56K
Price Change (1Y)
55.06%
Additional details
Market details
WETH vs markets
↘ 3.23%
WETH vs BTC
↘ 2.4%
WETH vs ETH
↗ 0.08%
Tags
defi
privacy
wrapped-tokens
depin
+2
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x4200000000000000000000000000000000000006 | |
Arbitrum | 0x82aF49447D8a07e3bd95BD0d56f35241523fBab1 | |
Base | 0x4200000000000000000000000000000000000006 | |
Ethereum | 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2 |
Price history
Time | Price | Change |
|---|---|---|
Today | A$5,900.55 | ↗ 0.12% |
1 Day | A$5,889.99 | ↗ 0.12% |
1 Week | A$6,026.81 | ↘ 1.61% |
1 Month | A$6,276.93 | ↘ 6.92% |
1 Year | A$3,795.94 | ↗ 55.06% |
FAQ
Wrapped Ethereum (WETH) is a cryptocurrency based on Ethereum’s ERC-20 protocol. According to the website, WETH allows users to exchange Ethereum (ETH) tokens for other crypto assets built on the ERC-20 architecture on various decentralized trading platforms. Decentralized platforms built on Ethereum use smart contracts that enable trading among users of ERC-20 tokens. However, the users need to have tokens built on common standards protocol to enter trading, seeking to prevent token loss in transactions.
A wrapped token is a cryptocurrency tied to the original cryptocurrency or other assets like gold, equity, real estate, etc. Likewise, WETH is a wrapped token pegged to ETH. ETH is the primary crypto asset of the Ethereum blockchain network that uses a proof-of-stake (PoS) consensus mechanism. The token was designed for real-world usage, aiming to power decentralized applications (DApps). As mentioned on the website, ETH existed before the creation of ERC-20. Hence, wrapping ETH as WETH allows holders to access trade with other ERC-20 tokens. Further, users also have the option to unwrap WETH by trading WETH with plain ETH.
Moreover, the website claims there is no future for WETH since the Ethereum network is working toward making ETH compliant with its own ERC-20 standards. Likewise, it also claims that the ERC-20 protocol itself could be replaced following the emergence of newer problems and solutions. However, work is already going on a new ERC-223 standards protocol.
Wrapped Ethereum (WETH) was conceptualized and developed by a group of Ethereum projects headed by Ox Labs. The first WETH smart contract was released in November 2017. Ethereum (ETH) was cocreated by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony Di Iorio in 2014. ETH was the first crypto platform used to develop decentralized applications (DApps).
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WETH news
Trending articles
Social stats
Popularity in posts
#362
Contributors
353
Posts
353
% About WETH
0.065%
Hold times
0 days
X (Twitter)
49.06% bullish
Sentiment
4.8 ★
Highlights
353 unique individuals are talking about WETH and it is ranked #362 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, WETH has an average sentiment score of 4.8 out of 5. Finally, WETH is becoming less newsworthy, with 0 news articles published about WETH.
On Twitter, people are mostly bullish about WETH. There were 50.52% of tweets with bullish sentiment compared to 2.99% of tweets with a bearish sentiment about WETH. 49.48% of tweets were neutral about WETH. These sentiments are based on 2650 tweets.
On Reddit, WETH was mentioned in 57 Reddit posts and there were 218 comments about WETH. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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