Wrapped Ether (Cronos)


WETH is a DeFi-compatible version of ETH. ETH is the native currency of the Ethereum blockchain, which can be used to pay for gas and security.

Risk Rating
What we like
ETH's transition to a Proof-of-Stake (PoS) consensus mechanism is expected to bring drastic improvements in scalability, an increase in staking yield, lower carbon footprint, and reduced ETH supply over time.
What we like less
ETH on Cronos requires more trust assumptions as it is backed by ETH that is locked with Crypto.com which is a centralized exchange.
What it means for you
ETH represents one of the most liquid assets available to be used for lending, market making and staking.
  • Cronos
Key Metrics
  • Fully Diluted Valluation: $9.7B
  • Total Supply: 3,071,354
  • Volume (24H): $1.6B
  • ATH: $4,863.70 (11/10/2021)
  • ATL: $0.00 (10/28/2020)
Risk Assessment
Asset Strength

ETH is a large-cap asset that represents the protocol`s native governance or utility token. This asset depends on two centralized entities for custody services.

Asset Tokenomics

ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Cronos is backed 1:1 by ETH locked with a licensed custodian (Paxos).

Asset Volatility

ETH is highly correlated to the overall market.


Wrapped Ether (Cronos) has no dependencies.

Things to know about WETH

What is the difference between Ether and Ethereum?

Ether can be thought of as the "fuel" or gas fee that powers the Ethereum network. Ethereum refers to the actual blockchain technology or smart contract platform that underpins Ether. Whenever you send ETH or use an Ethereum application, you must pay a fee in ETH to use the network. This fee acts as an incentive for a block producer to process and verify your transaction.

Why does Ether have intrinsic value?

Ether serves two main purposes: one as a gas fee to transact on the Ethereum network and second as a speculative store of value. Currently, Ethereum users pay the transaction fees in ETH and ETH holders bear the cost of inflation from miner block rewards. In the absence of speculation, ETH holders are betting that demand for ETH from users of decentralized applications (dApps) outpaces the rate of inflation via block rewards. The second purpose comes from its monetary premium as a non-sovereign store of value. With the transition to ETH 2.0 and recent changes to its monetary policy (EIP-1559), ETH is expected to better compete with BTC as a monetary asset given its scarcity, durability and censorship-resistant qualities.

What is Ether used for?

Ether is used within the Ethereum ecosystem to perform a range of functions, including its native use as a gas fee to transact on the network, use as collateral for DeFi lending applications (to be lent or borrowed), use as medium of exchange for alternative crypto assets and non-fungible tokens (NFTs), acceptance in select retailers and service providers, and lastly, earned as reward for completing bounties. Additionally, in ETH 2.0, users will also be able to lock their ETH by becoming a validator to help secure the network in exchange for block rewards and transaction fees.