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WETH WETHPrice $ 1,798
Rank: 103
WETH Price
General Info
Contracts/Explorers:
Ethereum
Description
WETH, or Wrapped Ether, is an ERC-20 token that represents Ethereum (ETH) on blockchain in a 1:1 ratio.
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WETH (WETH) Chart
WETH to USD Converter
WETH
What is WETH (WETH)?
WETH, or Wrapped Ether, is an ERC-20 token that represents Ethereum (ETH) on blockchain in a 1:1 ratio. It was created to solve the issue of ETH not being natively compatible with the ERC-20 standard, which is widely used in decentralized finance (DeFi) applications.
Key features of WETH include:
Tokenization: WETH tokenizes ETH, making it compatible with DeFi protocols and smart contracts.
Interoperability: It allows users to trade ETH on decentralized exchanges (DEXs) that require ERC-20 tokens.
Value equivalence: 1 WETH is always equal to 1 ETH, maintained through a smart contract system.
Wrapping process: Users can convert ETH to WETH by sending ETH to a smart contract, which then mints an equivalent amount of WETH.
Unwrapping: WETH can be converted back to ETH by sending it to the smart contract, which burns the WETH and releases the equivalent ETH.
WETH Price Today
WETH's current price is $ 1,798, it has increased +1.48% over the past 24 hours.
WETH's All Time High (ATH) of $ 4,975 was reached on 8 Nov 2021, and is currently -63.9% down.
The current circulating supply of WETH is 2.80 Million tokens, and the maximum supply of WETH is unlimited.
WETH’s 24 hour trading volume is $ 1.79 Billion.
WETH's current share of the entire cryptocurrency market is 0.16%, with a market capitalization of $ 5.04 Billions.
You can find more details about WETH on its official website and on the block explorer.
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