WETH (WETH) is not tradable on Coinbase.
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WETH Price (WETH)
Market stats
WETH is on the decline this week. ↘
The price of WETH has increased by 0.01% in the last hour and decreased by 1.40% in the past 24 hours. WETH’s price has also fallen by 15.13% in the past week. The current price is $3,335.53 per WETH with a 24-hour trading volume of $1.08B. Currently, WETH is valued at 72.53% below its all time high of $12,144.11. This all-time high was the highest price paid for WETH since its launch.
The current circulating supply of WETH is 3,375,317.593 WETH which means that WETH has as total market cap of 3,375,317.593.
Overall
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$11.3B
Volume (24h)
$1.1B
Circulating
3.4M WETH
All time high
$12,144.11
Price change
1 hour
↗ 0.01%
1 day
↘ 1.4%
1 week
↘ 15.13%
2 weeks
↘ 16.63%
1 month
↘ 1.12%
1 year
↗ 41.96%
1 year benchmarks
Performance
↗ 44.43%
Vs. Market
↘ 27.38%
Vs. BTC
↘ 34.07%
Vs. ETH
↗ 0.12%
About WETH
FAQ
Wrapped Ethereum (WETH) is a cryptocurrency based on Ethereum’s ERC-20 protocol. According to the website, WETH allows users to exchange Ethereum (ETH) tokens for other crypto assets built on the ERC-20 architecture on various decentralized trading platforms. Decentralized platforms built on Ethereum use smart contracts that enable trading among users of ERC-20 tokens. However, the users need to have tokens built on common standards protocol to enter trading, seeking to prevent token loss in transactions.
A wrapped token is a cryptocurrency tied to the original cryptocurrency or other assets like gold, equity, real estate, etc. Likewise, WETH is a wrapped token pegged to ETH. ETH is the primary crypto asset of the Ethereum blockchain network that uses a proof-of-stake (PoS) consensus mechanism. The token was designed for real-world usage, aiming to power decentralized applications (DApps). As mentioned on the website, ETH existed before the creation of ERC-20. Hence, wrapping ETH as WETH allows holders to access trade with other ERC-20 tokens. Further, users also have the option to unwrap WETH by trading WETH with plain ETH.
Moreover, the website claims there is no future for WETH since the Ethereum network is working toward making ETH compliant with its own ERC-20 standards. Likewise, it also claims that the ERC-20 protocol itself could be replaced following the emergence of newer problems and solutions. However, work is already going on a new ERC-223 standards protocol.
Wrapped Ethereum (WETH) was conceptualized and developed by a group of Ethereum projects headed by Ox Labs. The first WETH smart contract was released in November 2017. Ethereum (ETH) was cocreated by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony Di Iorio in 2014. ETH was the first crypto platform used to develop decentralized applications (DApps).
We update our WETH to USD currency in real-time. Get the live price of WETH on Coinbase.
The current market cap of WETH is $11.26B. A high market cap implies that the asset is highly valued by the market.
The all-time high of WETH is $12,144.11. This all-time high is highest price paid for WETH since it was launched.
Over the last 24 hours, the trading volume of WETH is $1.08B.
Assets that have a similar market cap to WETH include Taxa Token, PIZA (Ordinals), Jetfuel Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of WETH is 3.4 million.
WETH Price History
Date | Price | Change |
|---|---|---|
Today (December 23, 2024) | $3,335.53 | -1.41% |
24 hours ago (December 22, 2024) | $3,383.95 | -1.40% |
1 week ago (December 16, 2024) | $3,933.49 | -15.13% |
1 month ago (November 23, 2024) | $3,359.90 | -1.12% |
1 year ago | $2,309.92 | 41.96% |
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WETH Calculator
How much is 1 WETH?
Conversion Table
1 WETH (WETH) to Canadian Dollar (CAD)
CA$4,804.58
1 WETH (WETH) to British Pound (GBP)
£2,661.93
1 WETH (WETH) to Japanese Yen (JPY)
¥523,182.59
1 WETH (WETH) to Indian Rupee (INR)
₹283,926.86
1 WETH (WETH) to Real (BRL)
R$20,319.56
1 WETH (WETH) to Euro (EUR)
€3,208.80
1 WETH (WETH) to Nigerian Naira (NGN)
NGN 5,160,036.13
1 WETH (WETH) to South Korean Won (KRW)
₩4,846,035.48
1 WETH (WETH) to Singapore Dollar (SGD)
S$4,526.84
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