Weth Value Today, Trading Volume and Estimates [2024]

Weth Value: WETH Value today is $1,307.41, with a 24-hour trading volume of $245,762,656 USD. WETH is -1.59% in the last 24 hours. It is currently down -2.90% from its 7-day all-time high of $1,341.69 and -8.64% from its 7-day all-time low of $1,199.16

WETH is a wrapped form of Ethereum that allows ETH to be exchanged with other ERC-20 tokens on a decentralized exchange (DEX) like Uniswap. Additionally, 1WETH can be opened and traded for 1 ETH. And also, WETH is now available on Defi Swap. Users can trade WETH, be WETH liquidity providers to earn fees, and increase their returns up to 20x by staking CRO.

What is Wrapped Ethereum (WETH)?

Wrapped Ethereum is a cryptocurrency base on Ethereum’s ERC-20 protocol. WETH allows users to trade Ethereum (ETH) tokens for other crypto assets based on the ERC-20 architecture on various decentralized trading platforms. Decentralized Ethereum-based platforms use smart contracts that enable the user-to-user exchange of ERC-20 tokens. However, users must have tokens based on a common standards protocol to enter the trade, seeking to avoid the loss of tokens in dealings.

A wrap token is a cryptocurrency tied to other assets or the original cryptocurrency such as gold, stocks, real estate, etc. Similarly, WETH value is a wrapped token tied to ETH. ETH is the major cryptographic asset of the Ethereum blockchain network, which uses a Proof-of-Stake (PoS) consensus mechanism. The token was designed for real-world use in decentralized power applications (DApps). As mention on the website, ETH existed before the creation of ERC-20. Therefore, wrapping ETH in WETH allows holders access to trading with other ERC-20 tokens. Additionally, users also have the option to unbox WETH by exchanging WETH for regular ETH.

Additionally, the website claims that WETH has no future, as the Ethereum network strives to bring ETH into compliance with its ERC-20 standards. Likewise, it indicates that the ERC-20 protocol could be replaced after new problems and solutions emerge. However, a new ERC-223 standards protocol is already in the works.

History of Wrapped Ethereum (WETH)

Wrapped Ethereum was conceptualized and developed by a group of Ethereum projects led by Ox Labs. The first WETH smart contract was launched in November 2017. Ethereum (ETH) was co-created by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony Di Iorio in 2014. ETH was the first crypto platform to develop decentralized applications (DApps).

Weth Value Live Data

Live WETH Value today is $1,307.41with a 24-hour trading volume of $245,762,656 USD. We update our WETH price in USD in real-time. WETH is down 8.40% in the last 24 hours. The current CoinMarketCap ranking is #2805, with a live market cap not available. Circulation power is not available, and max. Therefore, the supply is not available.

If you want to know where to buy WETH at the current exchange rate, the top crypto exchanges for trading WETH Value stocks are currently Uniswap (V3), PancakeSwap (V2), Honeyswap, Uniswap (V2), and Serum DEX. You can find other listings on our crypto exchanges page.

Weth Value Social Price Estimates

This feature is in beta testing. Post your estimates for the next six months and see what others think. The data displayed is based on user inputs collected by CoinMarketCap. The quoting deadline for each end of the month is the 21st of each month.

How to Pack and Unpack Ethereum (WETH)

With the arrival of the holiday season, there will be a lot of wrapping and gifts. But what about the packaging of Ethereum?

Difference Between ETH and Wrapped ETH (WETH)

Ether (or ETH) is the token of the Ethereum blockchain. It is used to pay transactions for transactions on the Ethereum blockchain.

Next is Wrapped Ether (WETH), which is used to exchange directly with other ERC-20-compliant crypto tokens. Therefore, tokens that meet these standards are interoperable for use in transactions on ERC-20-compliant blockchains.

ETH must be converted to WETH if the holder wishes to use ETH in decentralized applications (DApps), blockchains, and decentralized autonomous organizations (DAOs) that comply with ERC-20. It must be converted to WETH Value if the holder wishes to use it in conjunction with other tokens.

WETH Value provides more utility to ETH holders without losing value when wrapped in a smart contract and minted in WETH.

That said, steps are being taken to update the Ethereum codebase to be ERC-20 compliant, essentially making WETH a thing of the past.

Benefits of Using Weth Value

First, it is interoperable with other ERC-20 crypto tokens. Since WETH can be issued by a custodian, an entity that guarantees its value (e.g., smart contract, dApp, DAO), WETH has higher liquidity than native tokens.

Another advantage of using WETH has improved security, as their custodians use only secure exchanges. Additionally, you have more control over your crypto tokens since the custodian keeps the private keys in a safe place.

Finally, WETH Value has faster and lower transaction fees than the unwrapped version of the token.

Weth Price Value

WETH Value today is $ 1,307.55 with a 24-hour trading volume of $245,762,656 USD. Its price has dropped -1.59% in the last 24 hours. It has a circulating coin supply of 0 WETH and a total supply of 5.84 million. If you are searching  to buy or sell WETH, Uniswap (v3) is currently the most active exchange.

What was the Highest WETH Value ?

WETH reached an all-time high of $4,863.70 on November 10, 2021 (7 months).

What was the lowest Value for WETH?

WETH Price recorded an all-time low of $0.000000000000 on October 28, 2020 (1 year).

What was WETH’s 24-hour trading volume?

WETH’s 24-hour trading volume is of $245,762,656 USD

Where can we trade WETH?

You can trade WETH on Uniswap (v3), Uniswap (v3), and Uniswap (v2). Popular trading pairs for WETH on the market include WETH/USD, WETH/CAD, WETH/EUR, WETH/PHP, WETH/INR, and WETH/IDR.

Weth Price is down this week.

The WETH price has fallen by 11.02% in the last seven days. The price has fallen by 1.59% in the previous 24 hours. In the last hour alone, the price is down 0.06%. The current price is ₹136,218.933603 per WETH. It is 94.75% lower at the all-time high of ₹2,592,446.388975.

Weth Value in Social Networks.

WETH was at 908 of 1,509,241 social media posts on Twitter and Reddit on June 5, 2022. And also, four hundred and twenty-four unique people talk about WETH, which ranks number one.

How to send WETH Value to Coinbase/MetaMask?

Sending WETH Value is exactly same as sending any other cryptocurrency among different wallets. Let’s see how you can achieve this.

Collect 1-inch WETH – Upgrade to 1 inch and exchange your ETH for the required amount of WETH. You can check the link here.

Once you see WETH Value in your wallet (like Metamask), you can transfer them to another wallet, like Coinbase. So if you don’t see the tokens, select “Import Tokens,” and you will be prompted to confirm adding WETH as an asset.

Once done, you can copy your Coinbase wallet address and paste it into your Metamask wallet to initiate the transfer. However, if your wallet does not recognize the asset, all you need to do is add the token details to the wallet.

Please note that the Coinbase wallet supports the Ethereum network and “all ERC-20 tokens”, which

Conclusion

All wrapped tokens aim to add an extra layer of interoperability between different networks. Additionally, it would not make sense for most users to convert a non-native asset like BTC to an ERC-20 compliant token (USDT) and then convert it to WBTC. Therefore, they will only use your USDT for the bulk of their transactions in most cases. But the goal of WETH Price is to create a very smooth experience for native ETH users.