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
$3,372.52
-0.72%
What is Wrapped Ether (Arbitrum)?

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Information
Blockchain
  • Arbitrum
Info
Key Metrics
  • Market Cap: $10.4B
  • Fully Diluted Valluation: $10.4B
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #8
  • Circulating Supply: 3,074,926
  • Total Supply: 3,074,926
  • Volume (24H): $2.1B
  • 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
20.6%
Yield
$59M
TVL
Risk
B
Protocol
GMX V2
Chain
Arbitrum
GMX ETH Market Making
8.8%
Yield
$42M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Hop ETH Bridging
3.4%
Yield
$4M
TVL
Risk
B
Protocol
Hop
Chain
Arbitrum
Camelot PENDLE-ETH Market Making
5.3%
Yield
$3M
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
WOOFi ETH Staking
3.2%
Yield
$1M
TVL
Risk
D
Protocol
WOOFi Earn
Chain
Arbitrum
Clipper Tricrypto-ARB Market Making
39%
Yield
$1M
TVL
Risk
C
Protocol
Clipper
Chain
Arbitrum
Camelot ETH-USD Market Making
6.8%
Yield
$252K
TVL
Risk
C
Protocol
Camelot
Chain
Arbitrum
Sushi ETH-USD Market Making
17.6%
Yield
$166K
TVL
Risk
C
Protocol
Sushi
Chain
Arbitrum
Sushi SUSHI-ETH Market Making
10.9%
Yield
$123K
TVL
Risk
B
Protocol
Sushi
Chain
Arbitrum
Radiant ETH Lending
0.7%
Yield
$109K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum

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