Wrapped tokens such as weth or wrapped bitcoins are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point.
What is the weth price today?
The weth price today is $3,216.49 USD with a 24-hour trading volume of $2,488,570,664 USD. There has been an increase in the number of wrapped tokens. Wrapped Ether is the most popular among all the tokens. Weth crypto is used as a representation of Ether to be able to trade and exchange other tokens.
How does wrapped Ethereum works?
If you have weth crypto and by a custodian holding your Ether and issuing you with weth in return. It is important to note that the weth price is equal to Ether price. These custodians are traders, multi-signature wallets with weth wallet or a smart contract. It can be unwrapped at any time to get …