What WETH represents
WETH is a wrapped asset, currently ranked 21st by market capitalization among the assets we track. WETH is a wrapped asset: it mirrors the price of an underlying coin from another chain so that asset can be used in smart contracts where it can't natively go. A unit of WETH should always be redeemable for a unit of what it wraps.
WETH is a wrapped version of Ether, allowing it to be used in ERC-20 transactions on the Ethereum blockchain. It maintains a 1:1 peg with ETH and facilitates interaction with decentralized applications.
How the peg to the underlying holds
Minting and burning keep WETH aligned with what it wraps. The mechanism is simple; the trust assumption — that the custodian actually holds the reserves — is the part to scrutinize.
WETH is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
CoinPaprika classifies the project's development status as "Only token". In sector terms it is most often filed under Arbitrum Ecosystem, Avalanche (AVAX) Token, and Berachain Ecosystem.
Where WETH sits in the market
At $1,574, WETH carries a market capitalization of $5.31B. Around $7.80M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.15% of the float — on the quieter side, which can mean thinner liquidity for large orders.
WETH carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -68% under its record of $4,945 — a meaningful but not catastrophic drawdown. Measured from its all-time low of $1,000, WETH is up +57%.
What the price history shows
Across timeframes, WETH shows 24-hour -3.01%, 7-day -4.77%, 30-day -0.10%, 1-year -0.12%. WETH is currently trading near the bottom of its 366-day range (around the 19th percentile of recent closes).
Volatility profile
Recent action puts WETH in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -0.10%, a useful input for stop placement and position sizing.
How to evaluate a wrapped asset like WETH
The honest checklist for WETH is short:
- Custody model — who holds the underlying behind WETH and whether reserves are provably 1:1.
- Redeemability — how reliably WETH can be converted back to the asset it represents.
- Underlying exposure — remember that holding WETH is really holding the underlying — analyze that asset directly.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
