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 Japanese Yen (JPY) is the official currency of Japan and one of the most traded fiat currencies worldwide. Issued by the Bank of Japan (BOJ), the yen plays a crucial role in global finance, particularly in foreign exchange markets and international trade. As a safe-haven currency, JPY is often sought after during economic uncertainty. In the crypto world, JPY is used as a trading pair on some exchanges and has inspired stablecoins like JPY-backed digital assets.
The WETH to JPY conversion rate is the amount of JPY you can receive for each unit of WETH.
Based on the current rate, you could buy 0.000003193 WETH for 1 JPY.
The price of WETH increased by 0.00% in the last 7 days.
The circulating supply of WETH is 2,252,240.
WETH's all-time high is 729,850.00 JPY.