Wrapped Ether WETH

About Wrapped Ether

Wrapped Ether is an ERC-20 representation of ether that is designed to trade and integrate more easily with token-based smart contracts. WETH is backed 1:1 by ETH through wrapping and unwrapping contracts, so its price closely tracks ether. It is widely used across DeFi protocols, decentralized exchanges, lending markets, and bridges.