WETH Price

WETH is a wrapped version of Ethereum (ETH) that conforms to the ERC-20 token standard. It allows ETH to be traded directly with other ERC-20 tokens on decentralized exchanges. WETH maintains a 1:1 peg with ETH, meaning 1 WETH can always be redeemed for 1 ETH. As of 2026-04-04, WETH is ranked #24 with a price of $2,264.91 and a 24-hour trading volume of $238.91M. The current market cap is $5.06B. WETH has seen a -3.73% price change in the last 24 hours, with a high of $2,352.88 and a low of $2,119.46. The circulating supply is 2.23M WETH. WETH plays a crucial role in DeFi ecosystems by enabling ETH to be used in smart contracts and decentralized applications that require ERC-20 compatibility.

WETH was created on January 14, 2018. It was launched as a wrapped version of Ethereum (ETH) on the Ethereum blockchain, allowing ETH to be used in decentralized applications (dApps) and smart contracts. WETH maintains a 1:1 peg with ETH, enabling users to easily convert between the two tokens. Since its creation, WETH has become an essential component of the Ethereum ecosystem, facilitating various DeFi protocols and cross-chain transactions.

WETH does not have specific founders as it is a wrapped version of Ethereum (ETH). It was created as an ERC-20 token representation of ETH to enable easier trading and integration with decentralized applications (dApps) on the Ethereum network. The concept of wrapped tokens like WETH emerged from the broader cryptocurrency community rather than being attributed to individual founders. WETH functions as a 1:1 pegged version of ETH that can be easily exchanged back to regular ETH at any time.

WETH works as a wrapped version of Ethereum (ETH) on the Ethereum blockchain. Here's how it functions: 1. Users deposit ETH into a smart contract, which mints an equivalent amount of WETH tokens. 2. WETH is an ERC-20 token, making it compatible with a wide range of decentralized applications (dApps) and protocols. 3. It maintains a 1:1 peg with ETH, meaning 1 WETH always equals 1 ETH. 4. Users can unwrap WETH back to ETH at any time by burning their WETH tokens. 5. WETH enables easier trading of ETH on decentralized exchanges and use in DeFi applications. 6. It's widely used across various blockchain ecosystems, including Ethereum, Polygon, Arbitrum, and others. As of 2026-04-04, WETH is trading at $2,264.91 with a 24-hour trading volume of $238.91M. Its current market cap is $5.06B, ranking it 24 among all cryptocurrencies. The circulating supply of WETH is 2.23M WETH.

WETH is built on the Ethereum blockchain as an ERC-20 token. Its technical architecture involves: 1. Smart Contract: A solidity smart contract deployed on Ethereum that handles minting, burning, and transfers of WETH tokens. 2. Wrapping Mechanism: Allows users to deposit ETH and receive an equivalent amount of WETH, which can be unwrapped back to ETH at any time. 3. ERC-20 Compatibility: Enables WETH to be easily integrated with other Ethereum-based protocols and applications. 4. Cross-Chain Bridges: Facilitates the transfer of WETH to other blockchain networks, expanding its utility across multiple ecosystems. 5. Decentralized Storage: Token balances and transaction data are stored on the Ethereum blockchain, ensuring transparency and immutability. This architecture allows WETH to maintain a 1:1 peg with ETH while providing enhanced functionality and interoperability within the broader DeFi ecosystem.

The future of WETH looks promising as it continues to play a crucial role in the Ethereum ecosystem. As a wrapped version of Ethereum's native token, WETH facilitates seamless interoperability across various decentralized applications and platforms. In the coming years, we can expect WETH to maintain its importance as Ethereum undergoes further upgrades and scaling solutions. By 2027, WETH is projected to reach -- as adoption grows. The roadmap includes enhanced integration with layer-2 solutions and cross-chain bridges, improving efficiency and reducing transaction costs. By 2031, WETH could potentially hit -- as the DeFi and NFT sectors continue to expand. The long-term outlook remains bullish, with predictions of WETH reaching -- by 2036, driven by increased institutional adoption and the growing tokenization of real-world assets on the Ethereum blockchain. Overall, WETH's future is closely tied to Ethereum's success and the broader adoption of decentralized technologies. As the ecosystem evolves, WETH is expected to remain a fundamental building block for many DeFi protocols and cross-chain applications.