Wrapped Ether (Gnosis)
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
Average
$2,323.53
-3.71%
Summary
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Information
Blockchain
- Gnosis
Key Metrics
- Market Cap: $6.8B
- Fully Diluted Valluation: $6.8B
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #8
- Circulating Supply: 2,943,804
- Total Supply: 2,943,804
- Volume (24H): $315.7M
- ATH: $4,799.89 (11/09/2021)
- ATL: $82.10 (12/15/2018)
Risk Assessment
Average
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 OmniBridge, a protocol rated as Watch out.
Dependencies
OmniBridge
Asset Tokenomics
Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Gnosis is backed 1:1 by ETH locked in the OmniBridge 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.
Things to know about WETH
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