WETH is a representation of Ethereum (ETH) on the blockchain. It is an ERC-20 token, as opposed to ETH, which is the native currency of the Ethereum network. This ERC-20 compatibility allows WETH to be used within decentralized applications (dApps) and smart contracts that require tokens adhering to the ERC-20 standard. This versatility is particularly valuable in the decentralized finance (DeFi) ecosystem, where WETH can be utilized for providing liquidity, participating in decentralized exchanges, and serving as collateral for loans.
The Canadian Dollar (CAD) is the official currency of Canada, issued by the Bank of Canada (BoC). As a commodity-driven currency, CAD is influenced by oil and natural resource exports. The CAD is frequently used in North American crypto markets, with CAD-backed stablecoins offering a way to transact digitally in Canadian dollars.
The WETH to CAD conversion rate is the amount of CAD you can receive for each unit of WETH.
Based on the current rate, you could buy 0.0003707 WETH for 1 CAD.
The price of WETH decreased by 0.38% in the last 7 days.
The circulating supply of WETH is 2,252,240.
WETH's all-time high is 6,842.60 CAD.