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. (The price of WETH is $342.443)
The price of WETH is currently $342.44
| 1 hour % | 12 hour % | 24 hour % | 7d % | 30d % | 1y % |
|---|---|---|---|---|---|
|
BTC 0.7% USD 1.1% ETH -0.23% |
BTC -0.17% USD 0.5% ETH -0.16% |
BTC 0.13% USD -1.04% ETH 0.45% |
BTC -5.21% USD -8.77% ETH -0.37% |
BTC -2.25% USD -11.36% ETH 0.4% |
BTC 56.46% USD 64.71% ETH 1.08% |
The all time high price of WETH was $3438.54 on 2018-02-09 18:14:00
| Development Status: | Only token |
|---|---|
| Proof Type: | Not mineable |
| Hash Algorithm: | None |
| Hardware Wallet: | Yes |
Circulating Supply: 0 WETH
Beta Value: 1.093
