About WETH
Trading Insights
Traders
585K
Searched
80
Market Stats
Market Cap
£8.47B
3.86%
FDV
£11.34B
Circ. Supply
3.4M WETH
Max Supply
Not enough data
Total Supply
3.4M WETH
Diluted Valuation
£7.86B
Performance
Popularity
Not enough data
Dominance
0.31%
Volume (24H)
£1.41B
1.74%
Volume (7D)
£12.48B
Volume (30D)
£21.92B
All time high
£9.07K
Price Change (1Y)
-2.04%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of WETH has decreased by 0.69% in the last hour and increased by 7.54% in the past 24 hours. WETH’s price has also risen by 20.59% in the past week. The current price is £2,508.80 per WETH with a 24-hour trading volume of £1.41B. Currently, WETH is valued at 72.33% below its all time high of £9,066.88. This all-time high was the highest price paid for WETH since its launch.
The current circulating supply of WETH is 3,375,317.593 WETH which means that WETH has as total market cap of £8,467,295,850.82.
Market details
WETH vs markets
↘ 39.31%
WETH vs BTC
↘ 47.11%
WETH vs ETH
↘ 0.05%
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 | £2,508.80 | ↗ 7.54% |
1 Day | £2,332.43 | ↗ 7.54% |
1 Week | £2,046.42 | ↗ 20.59% |
1 Month | £1,920.05 | ↗ 28.85% |
1 Year | £2,647.34 | ↘ 2.04% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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).
We update our WETH to GBP currency in real-time. Get the live price of WETH on Coinbase.
The current market cap of WETH is £8.47B. A high market cap implies that the asset is highly valued by the market.
The all-time high of WETH is £9,066.88. This all-time high is highest price paid for WETH since it was launched.
Over the last 24 hours, the trading volume of WETH is £1.41B.
Assets that have a similar market cap to WETH include Lido wstETH, Wrapped Beacon ETH, Wrapped Bitcoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of WETH is 3.4 million.
WETH news
Trending articles
WETH calculator
1 WETH (WETH) to Canadian Dollar (CAD)
CA$4,608.23
1 WETH (WETH) to British Pound (GBP)
£2,508.80
1 WETH (WETH) to Japanese Yen (JPY)
¥498,603.85
1 WETH (WETH) to Indian Rupee (INR)
₹288,838.27
1 WETH (WETH) to Real (BRL)
R$18,711.37
1 WETH (WETH) to Euro (EUR)
€2,891.13
1 WETH (WETH) to Nigerian Naira (NGN)
NGN 5,135,232.92
1 WETH (WETH) to South Korean Won (KRW)
₩4,670,173.60
1 WETH (WETH) to Singapore Dollar (SGD)
S$4,318.81
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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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