rank 2366

1044,18 $

The reason you need W-ETH is to be able to trade ETH for other ERC20 tokens on decentralized platforms like Radar Relay. Because decentralized platforms running on Ethereum use smart contracts to facilitate trades directly between users, every user needs to have the same standardized format for every token they trade. This ensures tokens don’t get lost in translation.

WETH (WETH) is a cryptocurrency token issued on the Ethereum platform. WETH (WETH) price for today is $1 044,18 with a 24-hour trading volume of $260,459,214

Coin type: token
Open source: No
Development status: Only token
Hardware wallet: Yes
Proof type: Not mineable
Org structure: Unknown
Hash algorithm: None
Total supply: 4 721 049 WETH