Wrapped Ether (zkSync)

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
Good
$3,348.11
-1.58%
What is Wrapped Ether (zkSync)?

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Information
Blockchain
  • zkSync Era
Info
Key Metrics
  • Market Cap: $9.7B
  • Fully Diluted Valluation: $9.7B
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #8
  • Circulating Supply: 2,904,888
  • Total Supply: 2,904,888
  • Volume (24H): $1.4B
  • ATH: $4,799.89 (11/09/2021)
  • ATL: $82.10 (12/15/2018)
Risk Assessment
Good
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 zkSync Bridge, a protocol rated as Average.

Dependencies

zkSync Bridge

Asset Tokenomics

Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH is "wrapped" to make it compatible with DeFi smart contracts. 1 Wrapped ETH is always equal to 1 ETH.

Things to know about WETH

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