L2 Standard Bridged WETH (Base) represents a significant advancement in the world of Layer 2 solutions, enhancing scalability and transaction efficiency for Ethereum users. By bridging Wrapped Ether to a Layer 2 network, it facilitates faster transactions while maintaining security and decentralization, addressing some of the core limitations faced by Ethereum's mainnet. This coin is poised to play a pivotal role in making decentralized finance more accessible and seamless for users by improving overall network performance.
more informationWEMIX is a blockchain-based platform designed to enable the seamless integration of gaming and decentralized finance, providing a robust ecosystem for game developers and players. By leveraging smart contract technology, it facilitates secure and transparent transactions within the gaming industry, promoting a new era of play-to-earn gaming models. The platform is focused on scalability and user-friendly experiences, making it an attractive option for both game developers looking to incorporate blockchain technology and players seeking to earn rewards through their gameplay.
more informationGeneral Information |
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Title
L2 Standard Bridged WETH (Base)
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Title
WEMIX
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Symbol
weth
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Symbol
wemix
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Whitepaper
-
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Whitepaper
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-01-21 23:51
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
3319.74
$
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Current Price $
0.783879
$
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High 24h
3371.77
$
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High 24h
0.808767
$
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Low 24h
3196.8
$
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Low 24h
0.761154
$
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Price Change 24h
59.21
$
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Price Change 24h
0.01986265
$
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Price Change % 24h
1.8161
%
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Price Change % 24h
2.59977
%
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Market Data |
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Market Cap
733588295
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Market Cap
329219388
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Total Volume
1295088021
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Total Volume
2609647
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Market Cap Change 24h
18738286
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Market Cap Change 24h
9898687
|
Market Cap Change % 24h
2.62129
%
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Market Cap Change % 24h
3.09992
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
220926.92817343
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Circulating Supply
416109218.67501
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Total Supply
218561.04966399
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Total Supply
535702892.42245
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Max Supply
-
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Max Supply
590000000
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Historical Data |
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All Time High (ATH)
4096.05
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All Time High (ATH)
24.71
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ATH Change %
-18.93604
%
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ATH Change %
-96.8251
%
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ATH Date
2024-12-06 20:26
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ATH Date
2021-11-21 17:33
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All Time Low (ATL)
2160.5
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All Time Low (ATL)
0.128398
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ATL Change %
53.68743
%
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ATL Change %
511.04789
%
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ATL Date
2024-09-06 21:02
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ATL Date
2021-06-22 12:52
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L2 Standard Bridged WETH (Base) is an innovative asset in the landscape of cryptocurrency, representing a bridged version of Wrapped Ether on Layer 2 solutions. Its strategic design aids in addressing some limitations observed in the traditional Ethereum network, including transaction speed and costs. This article delves into the advantages and disadvantages of L2 Standard Bridged WETH, its market trajectory, and potential future outlook.
One of the prevailing advantages of L2 Standard Bridged WETH is the enhancement of transaction efficiency. By leveraging Layer 2 networks, this token offers reduced transaction costs and significantly quicker processing times. This makes it an attractive option for both developers seeking to deploy decentralized applications (dApps) and users conducting transactions.
Moreover, the interoperability provided by this bridged asset facilitates seamless integration across various decentralized finance (DeFi) protocols, broadening its usability within the ecosystem. The ability to move assets between Layer 1 and Layer 2 networks without losing value or incurring high fees is a fundamental driver behind its adoption.
Despite its advantages, there are several challenges associated with L2 Standard Bridged WETH. Security remains a concern, as the bridging process introduces additional points of vulnerability that could be exploited by malicious actors. Ensuring robust security measures and audits is pivotal to maintaining user trust.
Furthermore, the adoption of Layer 2 solutions is still evolving, meaning that liquidity on these platforms may not be as abundant as on Layer 1, which could potentially impact trading and arbitrage opportunities.
Historically, L2 Standard Bridged WETH has shown a promising trajectory. As per the latest statistics, it recorded an all-time high (ATH) of $2814.66 on August 24, 2024. While recent trends show a slight decrease in value to $2551.94, the coin remains valuable with a circulating supply of 229,076.27 units and a market cap of $583 million.
Additionally, the asset has displayed resilience, recovering from an all-time low (ATL) of $2160.5 on September 6, 2024. The ATH to ATL change highlights room for strategic traders to capitalize on market movements.
The future of L2 Standard Bridged WETH appears closely tied to the broader adoption of Ethereum's Layer 2 solutions. As more users and developers embrace these technologies, liquidity and demand for bridged assets are expected to grow, paving the way for increased market robustness.
In the context of expanding dApp ecosystems and heightened scrutiny on transaction fees, L2 solutions like that of WETH are likely to see escalated interest. This positions the coin favorably as an infrastructure component crucial for scalable blockchain applications.
However, sustained growth will depend on overcoming security concerns and expanding market participation. Engaging in collaborative efforts with other networks and ongoing technological enhancements will be key to ensuring long-term viability.
L2 Standard Bridged WETH represents a key player in the evolving cryptocurrency arena. With its ability to facilitate cost-effective and fast transactions, along with the challenges it faces, understanding its dynamics can provide valuable insights for investors and developers alike. As the crypto landscape continues to develop, the adoption and adaptation of such technologies will be instrumental in shaping the future of decentralized finance and blockchain innovation.
WEMIX, the digital currency, has attracted significant attention in the world of cryptocurrencies, primarily for its applicability in the gaming sector. Created by WEMADE, a South Korean company known for its innovative gaming solutions, WEMIX bridges the gap between traditional gaming and blockchain technology, providing a decentralized platform for game developers and players alike.
WEMIX's price history is a testament to the volatile nature of cryptocurrencies. It reached an all-time high (ATH) of $24.71 in November 2021, buoyed by the general euphoria surrounding blockchain gaming. However, like many cryptocurrencies, it experienced a significant decline, with a dramatic decrease of approximately 96.88%, settling at a more recent value of $0.77.
This volatility is not uncommon in the crypto space, where market sentiment and speculative trading can lead to significant price swings. Despite this, WEMIX has shown resilience, marking its all-time low at $0.1284 in June 2021, reflecting a subsequent recovery of over 500% to its present levels.
One of the primary advantages of WEMIX is its integration with the gaming industry. Its platform provides developers with the infrastructure to create, operate, and manage their blockchain-based games. This integration ensures that WEMIX remains relevant, as the gaming sector continues to expand and evolve.
Moreover, WEMIX benefits from its backing by WEMADE, a renowned entity in the gaming world, which lends credibility and strategic support in terms of partnerships and technological advancements.
Despite its advantages, WEMIX faces several challenges. The cryptocurrency market is highly competitive, and maintaining relevance requires continuous innovation and adaptation. Additionally, the fluctuations in cryptocurrency values can be a double-edged sword, as they may deter conservative investors worried about potential losses.
Furthermore, regulatory scrutiny in the digital currency sector is increasing globally, and WEMIX, like other coins, must navigate this evolving landscape carefully.
The future of WEMIX is intrinsically linked to the broader acceptance and development of blockchain technology in gaming. As more game developers seek blockchain solutions to enhance player experience and ownership, WEMIX stands to benefit substantially.
Additionally, expanding its ecosystem and forging new partnerships could also fuel its future growth. However, continual technological advancements and staying ahead of regulatory changes will be crucial for sustaining momentum.
WEMIX has carved out a niche in the intersection of blockchain and gaming, offering long-term potential for growth. While there are challenges, the strategic advantage of being led by a seasoned gaming company cannot be understated. Investors and gamers alike should watch the developments around WEMIX closely, as it seeks to redefine the gaming experience through decentralized technology.