Wrapped Ether (Polygon zkEVM)
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
$2,292.80
-3.68%
Summary
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Information
Blockchain
- Polygon zkEVM
Key Metrics
- Market Cap: $6.7B
- Fully Diluted Valluation: $6.7B
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #8
- Circulating Supply: 2,912,349
- Total Supply: 2,912,349
- Volume (24H): $394.6M
- 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 Polygon zkEVM bridge, a protocol rated as Good.
Dependencies
Polygon zkEVM Bridge
Asset Tokenomics
Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Polygon zkEVM is backed 1:1 by ETH locked in the Polygon zkEVM 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.
Things to know about WETH
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