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TürkçeWrapped eETH Information
Wrapped eETH is an innovative digital asset that represents Ethereum in a wrapped form on the Ethereum network. This allows users to utilize Ethereum's value while taking advantage of various decentralized finance applications and cross-chain compatibility. By maintaining a pegged value to Ethereum, wrapped eETH facilitates greater liquidity and seamless transactions across different blockchain ecosystems.
Understanding Wrapped eETH: A Comprehensive Overview
Wrapped eETH, commonly known by its symbol WETH, is a fascinating element of the cryptocurrency universe. It’s a tokenized version of Ethereum that is fully backed by the native asset and follows the ERC-20 standard. This feature simplifies the integration with decentralized finance (DeFi) platforms and enhances liquidity across various exchanges.
The Rise of Wrapped eETH
In the ever-evolving world of cryptocurrencies, Wrapped eETH has made significant strides since its inception. The utility and flexibility it offers have allowed it to carve out a unique niche, facilitating seamless transactions on the Ethereum blockchain. Historically, it reached its all-time high (ATH) of $4,196.87 in March 2024, reflecting the robust demand and its critical functionality in the DeFi ecosystem.
Advantages of Wrapped eETH
Wrapped eETH offers several notable benefits. Firstly, it allows for the use of Ethereum in smart contracts, opening up an array of DeFi applications that require ERC-20 token compatibility. Secondly, because it is pegged 1:1 with Ethereum, it provides a stable, trustable value, maintaining investor confidence.
Another advantage is liquidity. Wrapped eETH enhances Ethereum's liquidity on decentralized platforms, allowing for more robust market activity and narrower spreads. This proves essential for traders seeking efficiency and optimal pricing.
Challenges Facing Wrapped eETH
Despite its advantages, Wrapped eETH is not without challenges. The main concern stems from its reliance on smart contracts. Any vulnerabilities in the underlying smart contracts could pose risks. Additionally, the complexity of maintaining the peg with Ethereum can sometimes lead to discrepancies, albeit minimal.
Recent Performance and Current Market Standing
As of the latest data, Wrapped eETH's current price stands at approximately $2,679.13, with a noticeable decline of 2.19665% in the past 24 hours. It has also seen a significant market cap of over $4.5 billion, illustrating its prominent position in the market. Although there has been a slight dip recently, this is consistent with broader market trends seen over short-term periods.
Future Prospects of Wrapped eETH
Looking ahead, Wrapped eETH has promising prospects, driven by the continued growth of the DeFi sector. Its role in improving interoperability across different blockchain environments positions it as a pivotal player in the crypto space. As Ethereum continues to transition and evolve, with potential upgrades and scaling solutions on the horizon, Wrapped eETH is expected to benefit correspondingly.
Long-term observers remain optimistic about its utility and value proposition. While inherent risks exist due to smart contract dependencies, community-driven improvement and transparency efforts play a crucial role in mitigating these challenges.
Conclusion
In conclusion, Wrapped eETH stands as a versatile asset within the crypto landscape. Its contribution to the DeFi movement and ability to enable ERC-20 interactions offer substantial benefits. As the industry matures and technology advances, Wrapped eETH is set to remain an essential component of the digital economy, with a trajectory that is likely to grow alongside the broader Ethereum network.
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from price
$3,523
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General Information |
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Title
Wrapped eETH
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Symbol
weeth
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
3522.96
$
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High 24h
3556.61
$
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Low 24h
3393.85
$
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Price Change 24h
70.01
$
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Price Change % 24h
2.02749
%
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Market Data |
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Market Cap
6605694258
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Total Volume
21207068
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Market Cap Change 24h
-64199879.794682
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Market Cap Change % 24h
-0.96253
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
1878550.2301042
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Total Supply
1878550.2684441
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Max Supply
-
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Historical Data |
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All Time High (ATH)
4311.81
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ATH Change %
-18.53918
%
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ATH Date
2024-12-06 20:32
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All Time Low (ATL)
2231.18
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ATL Change %
57.42538
%
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ATL Date
2024-01-08 03:35
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