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
$3,089.02
-1.86%
Summary
Information
Blockchain
- Arbitrum
Info
- Community
- Website
- Contract address
- Asset Type: Wrapped Native
Key Metrics
- Fully Diluted Valluation: $9.5B
- Total Supply: 3,063,146
- Volume (24H): $1.8B
- 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
