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
$3,679.88
0.61%
What is Wrapped Ether (Polygon zkEVM)?

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Information
Blockchain
  • Polygon zkEVM
Info
Key Metrics
  • Market Cap: $10.4B
  • Fully Diluted Valluation: $10.4B
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #8
  • Circulating Supply: 2,835,544
  • Total Supply: 2,835,544
  • Volume (24H): $1.9B
  • 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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WETH Pools
Gamma ETH-USD Market Making
18.6%
Yield
$57K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Gamma MATIC-ETH Market Making
94.7%
Yield
$56K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Gamma BTC-ETH Market Making
23.4%
Yield
$27K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM

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