WETH

WETH Price

What is WETH (Wrapped ETH)

WETH is the tokenized/packaged form of ETH that you use to pay for items when you interact with Ethereum dApps. WETH follows the ERC-20 token standards, enabling it to achieve interoperability with other ERC-20 tokens. 

This offers more utility to holders as they can use it across networks and dApps. You can stake, yield farm, lend, and provide liquidity to various liquidity pools with WETH. 

Also, unlike ETH, which doesn’t conform to its own ERC-20 standard and thus has lower interoperability as it can’t be used on other chains besides Ethereum, WETH can be used on cheaper and high throughput alternatives like Binance, Polygon, Solana, and Cardano.

The price of WETH will always be the same as ETH because it maintains a 1:1 wrapping ratio.

How to Wrap ETH

Custodians wrap and unwrap ETH. To wrap ETH, you send ETH to a custodian. This can be a multi-sig wallet, a Decentralized Autonomous Organization (DAO), or a smart contract. After connecting your web3 wallet to a DeFi exchange, you enter the amount of ETH you wish to wrap and click the swap function. Once the transaction is confirmed, you will receive WETH tokens equivalent to the ETH that you’ve swapped.

On a centralized exchange, the exchange burns the deposited ETH and mints a wrapped form for you. And when you want to unwrap it, the exchange will burn the wrapped version and mint the ETH on your behalf.

What’s Next for WETH

According to the developers, hopefully there will be no future for WETH. According to the website, steps are being taken to update ETH to make it compliant with its own ERC-20 standards. 

To learn more:

• Read this article to learn about WETH vs. ETH
• Watch this video to learn about wrapped tokens

Where can you buy WETH?

WETH tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade WETH is Native Core, where the most active trading pair WETH/USDT has a trading volume of $3,234,579.80 in the last 24 hours. Other popular options include Helix and Native.

What is the daily trading volume of WETH (WETH)?

The trading volume of WETH (WETH) is $173,602,795.76 in the last 24 hours, representing a -56.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for WETH (WETH)?

WETH (WETH) reached an all-time high of $4,950.08 and an all-time low of $82.10. It’s now trading -46.10% below that peak and 3,147.30% above its lowest price.

What is the market cap of WETH (WETH)?

Market capitalization of WETH (WETH) is $5,495,152,795 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WETH tokens (2.1 Million tokens are tradable on the market today).

What is the fully diluted valuation of WETH (WETH)?

The fully diluted valuation (FDV) of WETH (WETH) is $5,495,395,114. This is a statistical representation of the maximum market cap, assuming total number of 2.1 Million ETH tokens are in circulation today.

How does the price performance of WETH compare against its peers?

With a price increase of 1.60% in the last 7 days, WETH (WETH) is underperforming the global cryptocurrency market which is up 4.10%, while underperforming when compared to similar Index Coop Defi Index cryptocurrencies which are up 9.20%.

How to add WETH (WETH) to MetaMask?

Adding WETH (WETH) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import WETH as a token. You can copy WETH’s contract address (0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) and import it manually, or if you've installed MetaMask's chrome extension, add WETH to MetaMask with one click on CoinGecko.

Add WETH to MetaMask.