Description
WETH (Wrapped ETH) is an ERC-20 token representing ETH, enabling seamless interaction with other ERC-20 tokens on decentralized platforms. It facilitates the exchange and interoperability of ETH via smart contracts on Ethereum-based decentralized exchanges, preventing trade issues. WETH standardizes ETH to ERC-20, ensuring compatibility with decentralized applications across Ethereum, Binance Smart Chain, Polygon, Solana, and Cardano. Users can wrap and unwrap ETH through custodians or exchanges, maintaining a 1:1 ratio with ETH. WETH is actively traded on over 18,834 markets with a daily fluctuation in price and aims to streamline ETH's utility until ETH itself complies with ERC-20 standards.
WETH (Wrapped ETH) is an ERC-20 token representing ETH, enabling seamless interaction with other ERC-20 tokens on decentralized platforms. It facilitates the exchange and interoperability of ETH via smart contracts on Ethereum-based decentralized exchanges, preventing trade issues. WETH standardizes ETH to ERC-20, ensuring compatibility with decentralized applications across Ethereum, Binance Smart Chain, Polygon, Solana, and Cardano. Users can wrap and unwrap ETH through custodians or exchanges, maintaining a 1:1 ratio with ETH. WETH is actively traded on over 18,834 markets with a daily fluctuation in price and aims to streamline ETH's utility until ETH itself complies with ERC-20 standards.
