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
Good
$1,834.78
-0.83%
What is Wrapped Ether (Arbitrum)?

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Information
Blockchain
  • Arbitrum
Info
Key Metrics
  • Market Cap: $5.3B
  • Fully Diluted Valluation: $5.3B
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #8
  • Circulating Supply: 2,887,888
  • Total Supply: 2,887,888
  • Volume (24H): $57.4M
  • 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 Arbitrum bridge, a protocol rated as Best.

Dependencies
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.

Things to know about WETH

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WETH Pools
GMX ETH-USD Market Making
20.1%
Yield
$46M
TVL
Risk
B
Protocol
GMX V2
Chain
Arbitrum
Aave ETH Lending
1.7%
Yield
$44M
TVL
Risk
B
Protocol
Aave V3
Chain
Arbitrum
Uniswap ETH-USD Market Making
58.9%
Yield
$42M
TVL
Risk
B
Protocol
Uniswap V3
Chain
Arbitrum
GMX ETH Market Making
10.5%
Yield
$13M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Camelot PENDLE-ETH Market Making
7.5%
Yield
$2M
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
Hop ETH Bridging
5.9%
Yield
$1M
TVL
Risk
B
Protocol
Hop
Chain
Arbitrum
Clipper Tricrypto-ARB Market Making
40.9%
Yield
$931K
TVL
Risk
C
Protocol
Clipper
Chain
Arbitrum
WOOFi ETH Staking
5.8%
Yield
$594K
TVL
Risk
D
Protocol
WOOFi Earn
Chain
Arbitrum
Camelot ETH-USD Market Making
7.3%
Yield
$174K
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
Radiant ETH Lending
1.2%
Yield
$62K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum

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