Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçePolygon PoS Bridged WETH (Polygon POS) Information
Polygon PoS Bridged WETH, operating on the Polygon network, is a version of Wrapped Ether designed to facilitate faster and cost-effective transactions compared to those on the Ethereum mainnet. By leveraging the Polygon PoS infrastructure, it provides users with efficient interactions within the decentralized finance ecosystem while maintaining the value equivalence of traditional Ether. This integration enhances liquidity and accessibility for developers and traders looking to tap into Polygon's expanding DeFi landscape.
Introduction to Polygon PoS Bridged WETH
The world of cryptocurrencies is continuously expanding, adding new technologies and financial instruments to enhance user experience and increase efficiencies in the digital economy. One such innovative asset is the Polygon PoS Bridged WETH (Wrapped Ether), also known simply as WETH on the Polygon network. This asset combines the trusted value of Ethereum’s native currency, Ether, with the scalable, low-cost infrastructure of the Polygon network.
Understanding Polygon PoS Bridged WETH
Polygon PoS (Proof of Stake) is a network designed to provide faster and cost-effective transactions than traditional Ethereum operations. WETH is a version of Ether wrapped to conform to the ERC-20 token standard, facilitating easier token exchanges and integration into decentralized applications. When Ether is bridged to Polygon, it becomes Polygon PoS Bridged WETH, enabling users to leverage the benefits of both Ethereum's liquidity and Polygon’s scalability.
Historical Performance and Market Dynamics
Historically, WETH bridged to the Polygon network has shown resilience and adaptability. With an all-time high (ATH) of $2811.39, reached on August 24, 2024, and an all-time low (ATL) of $2162.83 observed on September 6, 2024, its performance reflects the broader movements of the crypto market landscape, influenced by Ethereum’s price trajectory. As of the last update, its price is $2545.61, slightly below its peak, marking a -9.29% change from the ATH.
Advantages of Polygon PoS Bridged WETH
The advantages of using Polygon PoS Bridged WETH are multiple:
- **Scalability**: The Polygon network is renowned for its ability to handle thousands of transactions per second, reducing delays prevalent in the Ethereum network.
- **Low Costs**: Users benefit from significantly reduced transaction fees compared to those on the main Ethereum chain.
- **Interoperability**: As an ERC-20 token on Polygon, WETH can be freely traded and used across many decentralized applications (dApps), making it highly versatile.
- **Security**: As it relies on Ethereum’s underlying security and enjoys the additional security measures implemented by Polygon, users can trust the integrity and safety of their transactions.
Potential Drawbacks of Polygon PoS Bridged WETH
Despite its many benefits, potential drawbacks include:
- **Network Reliance**: Users rely on the stability and continuous operation of the Polygon network, which could pose risks in cases of network congestion or technical issues.
- **Wrapped Token Complexity**: For newcomers to the crypto space, understanding and managing wrapped tokens might seem daunting.
- **Liquidity Limitations**: Although Polygon has been growing in adoption, liquidity compared to the Ethereum mainnet might be lower, affecting large transactions.
Future Outlook and Market Potential
The future of Polygon PoS Bridged WETH looks promising, given the continued expansion and adoption of Layer 2 solutions like Polygon. Scalability challenges on Ethereum are driving developers and users to alternative solutions that provide faster and cheaper transactions without compromising on security. As institutional interest in Ethereum grows and as Polygon continues to refine its infrastructure, the demand for such assets is expected to rise.
Moreover, initiatives to enhance interoperability and introduce more DeFi applications on Polygon will likely enhance the utility and attractiveness of bridged assets like WETH. If Polygon continues expanding its ecosystem successfully, the value and usage of Polygon PoS bridged assets can anticipate growth, potentially leading to new ATH levels.
Conclusion
Polygon PoS Bridged WETH offers a unique amalgamation of Ethereum’s reliability and Polygon’s efficient architecture, making it a noteworthy option for investors and users seeking cost-effective and scalable Ethereum solutions. As the crypto landscape continues to mature, assets like these will likely play a vital role in shaping the future of digital finance, offering both opportunities and challenges for stakeholders.
|
from price
$3,320
|
General Information |
|---|
|
Title
Polygon PoS Bridged WETH (Polygon POS)
|
|
Symbol
weth
|
|
Whitepaper
-
|
|
Website
|
|
Community
-
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
3319.77
$
|
|
High 24h
3357.97
$
|
|
Low 24h
3211.88
$
|
|
Price Change 24h
59.02
$
|
|
Price Change % 24h
1.81
%
|
Market Data |
|
Market Cap
479799616
|
|
Total Volume
52614290
|
|
Market Cap Change 24h
7280438
|
|
Market Cap Change % 24h
1.54077
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
144425.41651895
|
|
Total Supply
144447.87417317
|
|
Max Supply
-
|
Historical Data |
|
All Time High (ATH)
4090.99
|
|
ATH Change %
-18.79583
%
|
|
ATH Date
2024-12-16 18:57
|
|
All Time Low (ATL)
2162.83
|
|
ATL Change %
53.59784
%
|
|
ATL Date
2024-09-06 21:06
|