Wrapped Ether Price Data
Wrapped Ether (WETH)
currently has a price of
$3.5k
and is
up
1.74%
over the last 24 hours. The cryptocurrency is ranked
–
with a market cap of
$7.4B.
Over the last 24 hours, it saw
$443M
of trading volume. The token has a circulating supply of
2.1M
tokens out of a total supply of
2.1M
tokens.
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.
