L2 Standard Bridged WETH (Optimism) represents a significant advancement in the Ethereum ecosystem, enabling seamless transactions between various Layer 2 solutions. As a wrapped version of Ether, it enhances liquidity and offers faster transaction speeds while maintaining low fees. This integration fosters a more efficient decentralized finance landscape, empowering users to maximize their trading potential without the congestion of the main Ethereum network.
more informationHooked Protocol is revolutionizing the way users interact with blockchain technology by combining gamification with education, making it accessible for everyone. The platform aims to create an engaging experience that encourages users to learn about cryptocurrencies while earning rewards. With its innovative approach, Hooked Protocol is poised to attract a diverse audience and foster a deeper understanding of the crypto ecosystem.
more informationGeneral Information |
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Title
L2 Standard Bridged WETH (Optimism)
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Title
Hooked Protocol
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Symbol
weth
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Symbol
hook
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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
2024-12-05 23:59
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Price Data |
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Current Price $
3326.75
$
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Current Price $
0.678907
$
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High 24h
3370.24
$
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High 24h
0.698397
$
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Low 24h
3229.1
$
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Low 24h
0.639539
$
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Price Change 24h
52.76
$
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Price Change 24h
0.00742982
$
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Price Change % 24h
1.6116
%
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Price Change % 24h
1.10649
%
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Market Data |
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Market Cap
125243204
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Market Cap
143982341
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Total Volume
106590590
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Total Volume
56262456
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Market Cap Change 24h
1200511
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Market Cap Change 24h
2169534
|
Market Cap Change % 24h
0.96782
%
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Market Cap Change % 24h
1.52986
%
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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
37636.994701993
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Circulating Supply
211666666
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Total Supply
37599.678661407
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Total Supply
500000000
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Max Supply
-
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Max Supply
500000000
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Historical Data |
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All Time High (ATH)
4100.79
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All Time High (ATH)
4.07
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ATH Change %
-18.85499
%
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ATH Change %
-83.32071
%
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ATH Date
2024-12-16 19:03
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ATH Date
2023-02-06 03:50
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All Time Low (ATL)
2160.59
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All Time Low (ATL)
0.316594
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ATL Change %
54.01278
%
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ATL Change %
114.51026
%
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ATL Date
2024-09-06 21:05
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ATL Date
2024-08-05 06:44
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L2 Standard Bridged WETH (Optimism) has emerged as a noteworthy player in the rapidly evolving landscape of cryptocurrencies. It represents a bridge for Wrapped Ether (WETH) on the Optimism Layer 2 solution, which aims to address Ethereum's scalability issues while maintaining decentralization. With a current price hovering around $2663.51, WETH has demonstrated both resilience and potential for growth since its inception.
WETH on Optimism reached its all-time high of $2813.37 on August 24, 2024. This impressive peak showcased the coin's capability to capitalize on the growing popularity of the Optimism network, a protocol designed to enhance Ethereum's throughput and lower transaction costs. Despite fluctuations, including a recent dip to $2606.09 in the past 24 hours, the coin has shown consistent growth and volatility—common characteristics in the crypto space. The all-time low was recorded at $2160.59 just a month later, indicating a healthy recovery trajectory that suggests investor confidence in the framework and utility of WETH.
One of the most significant advantages of L2 Standard Bridged WETH is its integration with the Optimism Layer 2 scaling solution. This integration facilitates faster transaction speeds and reduced gas fees, appealing to users who have previously been deterred by Ethereum's congestion and high costs. Furthermore, being a wrapped version of Ether means that users can easily convert Ethereum (ETH) into WETH, thus maintaining all the original functionalities while enjoying the benefits of the Optimism network.
Additionally, WETH serves as a crucial utility token for decentralized finance (DeFi) applications and NFT marketplaces operating on Optimism. This inherent versatility greatly enhances its appeal and market demand. Moreover, the growing ecosystem around Optimism, supported by various DeFi projects, bodes well for the future adoption of WETH.
Despite its potential, L2 Standard Bridged WETH is not without challenges. The main concern remains around its dependence on the broader Ethereum network and the performance of the Optimism platform. Any significant issues affecting Ethereum, such as network congestion or updates, could indirectly impact WETH's functionality.
Moreover, the competition within the Layer 2 scaling solutions is intensifying. Other protocols such as Arbitrum and zkRollups are vying for market share, which could dilute the user base of Optimism. Additionally, market volatility can expose users to risks, and price fluctuations in the cryptocurrency market can lead to abrupt changes in investor sentiment.
As we look to the future, the outlook for L2 Standard Bridged WETH seems promising, provided that Optimism continues to evolve and expand its ecosystem. Given the current trajectory, coupled with the increasing adoption of DeFi and Layer 2 innovations, WETH on Optimism could see a stable increase in demand. The recent market cap of around $115,863,498 indicates a solid base, positioning it favorably among its peers.
In conclusion, while L2 Standard Bridged WETH (Optimism) carries certain risks, its advantages—particularly in terms of transaction efficiency and integration into the growing Optimism ecosystem—make it a coin worth watching. As the cryptocurrency market matures and more users turn to Layer 2 solutions, WETH is poised to play a significant role in the future landscape of decentralized finance.
Hooked Protocol, symbolized as HOOK, is an innovative cryptocurrency that is gaining traction in the ever-evolving landscape of digital assets. As of the latest data, the price of HOOK stands at approximately $0.428, with a market capitalization of around $83 million. Although it has experienced fluctuations, including an all-time high of $4.07 earlier this year, the coin's journey has been marked by both significant peaks and troubling troughs. This article aims to explore the historical trajectory of Hooked Protocol, its advantages and disadvantages, as well as its future prospects.
Hooked Protocol was launched to provide solutions for users and developers in the rapidly growing decentralized finance (DeFi) space. Since its inception, the coin has demonstrated considerable price volatility, which is typical for many cryptocurrencies. The all-time high of $4.07, achieved on February 6, 2023, highlighted its potential, capturing the interest of traders and investors alike. However, the coin has seen a significant retreat from that peak, with an 89% drop to its current price, illuminating the inherent risks associated with cryptocurrency investments.
Moreover, Hooked Protocol's all-time low was recorded at $0.316 in August 2024, representing a context where the price remains volatile and subject to market influences. The current circulating supply of 195 million HOOK tokens against a maximum supply of 500 million suggests that there is still room for further market penetration. A trading volume of approximately $15.6 million in the last 24 hours indicates a moderate level of activity, suggesting that while traders remain engaged, broader market confidence may still be wavering.
One of the primary advantages of Hooked Protocol is its focus on usability and integration within the DeFi ecosystem. The project aims to cater to both developers looking to build on its platform and end-users seeking to access a variety of financial services in a decentralized manner. This dual approach fosters a robust community and encourages collaboration among various stakeholders.
Additionally, the team's commitment to transparency and regular updates helps build trust within the community. Hooked Protocol also benefits from its lower market cap, positioning it as a lower-risk investment in comparison to more established cryptocurrencies. This aspect may attract traders looking for undervalued assets with the potential for growth.
Despite its advantages, Hooked Protocol faces several challenges. The significant price volatility and the recent decline from its all-time high can lead to insecurity among potential investors. Many users remain skeptical of new projects given the historical issues of scams and failed ventures in the crypto space, which may hinder adoption.
Moreover, competition in the DeFi landscape is fierce, with established players such as Ethereum and Binance Smart Chain setting high barriers to entry. Hooked Protocol must, therefore, continuously innovate and provide unique features to differentiate itself from competitors.
Looking ahead, the future of Hooked Protocol largely hinges on its ability to adapt to changing market dynamics and its commitment to product development. If the team can successfully enhance the protocol's usability and foster a larger community, there is a potential for market re-engagement that could drive prices higher once again.
Furthermore, as regulatory clarity improves in the cryptocurrency space, there may be new opportunities for DeFi projects like Hooked Protocol to thrive. Strategic partnerships with established projects and collaborations can also propel growth and underpin the long-term viability of HOOK. Ultimately, while challenges remain, the continued demand for decentralized financial solutions positions Hooked Protocol favorably for those willing to navigate its complexities.