ETH
Explore wrapped Ethereum tokens enabling seamless cross-chain liquidity and decentralized finance applications.
7 days at the top this week: $WETH is dominating the category
$stETH climbed 17 places this week
Down 8 places this week, $ELA is losing steam
$WETH hit a gem score of 83 this week
20 tokens rose and 31 fell this week
Weakest this month: $ETH bottomed out at a 8 gem score
Frequently asked questions
How has ETH performed recently?
Over the past 30 days, the ETH category has shown positive momentum with 41 tokens up and 10 down, led by Ronin Wrapped Ether (WETH) which maintained a streak leader status for 30 days and reached a max score of 83.0004. However, the short-term 7-day window indicates a slight cooling period, showing a broader market pullback with 31 tokens down versus 20 up, where Ethereum Leverage Assets (ELA) faced the steepest decline with an 8-rank drop and a -59.9% score percentage change.
What is a wrapped ETH token?
A wrapped ETH token is a cryptographic asset pegged 1:1 to Ethereum, enabling its use on alternative blockchain networks and protocols.
Why do investors use wrapped ETH?
Investors use wrapped ETH to participate in decentralized finance applications, yield farming, and trading on non-Ethereum blockchains without selling their underlying ETH.
How is the value of wrapped ETH maintained?
The value is maintained through a backing mechanism where native ETH is locked in a smart contract or held by a custodian to mint an equivalent amount of wrapped tokens.