Wrapped Ether (Polygon zkEVM)

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
$3,393.23
-1.15%
Summary

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Information
Blockchain
  • Polygon zkEVM
Info
Key Metrics
  • Fully Diluted Valluation: $10.4B
  • Total Supply: 3,071,354
  • Volume (24H): $2.4B
  • 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 Polygon zkEVM bridge, a protocol rated as Good.

Asset Tokenomics

Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Polygon zkEVM is backed 1:1 by ETH locked in the Polygon zkEVM 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.

Dependencies

Polygon zkEVM Bridge

Things to know about WETH

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WETH Pools
Gamma BTC-ETH Market Making
11.2%
Yield
$375K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Gamma MATIC-ETH Market Making
30.2%
Yield
$111K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Gamma ETH-USD Market Making
11.5%
Yield
$65K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM

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