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
$2,070.00
-1.09%
What is Wrapped Ether (Arbitrum)?
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Blockchain
- Arbitrum
Info
- Community
- Website
- Contract address
- Asset Type: Wrapped Native
Key Metrics
- Market Cap: $5.8B
- Fully Diluted Valluation: $5.8B
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #8
- Circulating Supply: 2,794,466
- Total Supply: 2,794,466
- Volume (24H): $482.6M
- 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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