Wrapped Ether (Arbitrum)

WETH

WETH is a DeFi-compatible version of ETH. ETH is the native currency of the Ethereum chain used for gas fees and security.

Risk Rating
Best
$3,086.47
-4.92%
Summary
Information
Blockchain
  • Arbitrum
Info
Key Metrics
  • Fully Diluted Valluation: $9.4B
  • Total Supply: 3,050,172
  • Volume (24H): $4.8B
  • ATH: $4,863.70 (11/10/2021)
  • ATL: $0.00 (10/28/2020)
Risk Assessment
Best
Asset Strength

Wrapped ETH is a large-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Arbitrum bridge, a protocol rated as Best.

Asset Tokenomics

Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Arbitrum is backed 1:1 by ETH locked in the Arbitrum bridge protocol on the Ethereum chain. ETH is "wrapped" to make it compatible with DeFi smart contracts. 1 Wrapped ETH is always equal to 1 ETH.

Asset Volatility

Wrapped ETH is highly correlated to the overall market.

Dependencies

Arbitrum Bridge

Things to know about WETH
WETH Pools
GMX ETH-USD Market Making
22.2%
Yield
$89M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Camelot PENDLE-ETH Market Making
28.5%
Yield
$6M
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
WOOFi ETH Staking
5.5%
Yield
$2M
TVL
Risk
D
Protocol
WOOFi Earn
Chain
Arbitrum
Clipper Tricrypto-ARB Market Making
44%
Yield
$1M
TVL
Risk
C
Protocol
Clipper
Chain
Arbitrum
DeltaPrime ETH Lending
19.1%
Yield
$931K
TVL
Risk
C
Protocol
DeltaPrime
Chain
Arbitrum
Camelot ARB-ETH Market Making
9%
Yield
$821K
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
Camelot ETH-USD Market Making
29.8%
Yield
$487K
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
Sushi ETH-USD Market Making
19.8%
Yield
$476K
TVL
Risk
C
Protocol
Sushi
Chain
Arbitrum
Radiant ETH Lending
0.6%
Yield
$127K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum
Sushi SUSHI-ETH Market Making
10.5%
Yield
$107K
TVL
Risk
B
Protocol
Sushi
Chain
Arbitrum