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WETH v1

WETH v1

WETHV1

Key Stats

Total Supply169.07 WETHV1
Max Supply∞
Launch Date2017-08-11
Built OnETH
Token StandardERC20
Smart Contract Address0x2956…8070
Decimal Places18

WETH v1 Information

Websites
weth.io
Industries
Wrapped Collateral
Parent Asset
WETH

WETH v1 Price Converter

WETH v1WETHV1
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WETH v1 Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
WETHERC20ETH0x2956356cd2a2bf3202f771f50d3d14a367b480702017-08-14

About WETH v1

WETH (Wrapped Ethereum) was introduced in 2017 by the 0x project team to improve interoperability among DEXs and dApps on the Ethereum network. It simplifies the trading and integration of ETH by standardizing it across different platforms. WETH is pivotal in the DeFi sector, being the primary trading pair on several DEXs and supporting numerous DeFi protocols and applications. The 0x project team, recognizing the need for a more interoperable and standardized system, created WETH to address these challenges

Frequently Asked Questions

WETH (Wrapped Ethereum) was introduced in 2017 by the 0x project team. It was developed to address the lack of interoperability between different decentralized exchanges (DEXs) and decentralized applications (dApps) on the Ethereum network. This issue arose because most DEXs were using their own token standards, complicating the movement of assets between platforms. WETH, a tokenized version of ETH, was designed to standardize and facilitate easier trading and integration with dApps and DEXs.

WETH is used extensively in the decentralized finance (DeFi) ecosystem. It serves as the primary trading pair on many popular DEXs like Uniswap, SushiSwap, and Curve. Its integration supports various DeFi protocols and applications, including lending platforms like Aave and Compound, and yield farming protocols like Yearn Finance.

WETH was created by the 0x project team as a solution for enhancing interoperability and standardization across the Ethereum network's various decentralized platforms.