ETH

1ETHCopy token address/JEWEL

#7
Price USD
$142.58
Price
637.1217 JEWEL
Liquidity
$38K
FDV
$1.6M
Mkt Cap
$1.6M
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Txns229
Volume$1.3K
Makers
73
Buys207
Sells22
Buy Vol$1.1K
Sell Vol$173
Buyers68
Sellers12
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Pair created2y 5mo 30d ago
Pooled 1ETH135.57$19K
Pooled JEWEL86,378$19K
Pair
EXP
1ETH
EXP
JEWEL
EXP
Go+ Security
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1ETH
ETH

What is WETH (Wrapped ETH)? WETH is the tokenized/packaged form of ETH that you use to pay for items when you interact with Ethereum dApps. WETH follows the ERC-20 token standards, enabling it to achieve interoperability with other ERC-20 tokens.  This offers more utility to holders as they can use it across networks and dApps. You can stake, yield farm, lend, and provide liquidity to various liquidity pools with WETH.  Also, unlike ETH, which doesn’t conform to its own ERC-20 standard and thus has lower interoperability as it can’t be used on other chains besides Ethereum, WETH can be used on cheaper and high throughput alternatives like Binance, Polygon, Solana, and Cardano. The price of WETH will always be the same as ETH because it maintains a 1:1 wrapping ratio. How to Wrap ETH? Custodians wrap and unwrap ETH. To wrap ETH, you send ETH to a custodian. This can be a multi-sig wallet, a Decentralized Autonomous Organization (DAO), or a smart contract. After connecting your web3 wallet to a DeFi exchange, you enter the amount of ETH you wish to wrap and click the swap function. Once the transaction is confirmed, you will receive WETH tokens equivalent to the ETH that you’ve swapped. On a centralized exchange, the exchange burns the deposited ETH and mints a wrapped form for you. And when you want to unwrap it, the exchange will burn the wrapped version and mint the ETH on your behalf. What’s Next for WETH? According to the developers, hopefully there will be no future for WETH. According to the website, steps are being taken to update ETH to make it compliant with its own ERC-20 standards.