Wrapped Ether (Arbitrum)

• Arbitrum

• Community
• Website
• Contract address
• Asset Type: Wrapped Native

• Fully Diluted Valluation: $10.7B
• Total Supply: 3,071,354
• Volume (24H): $3B
• ATH: $4,863.70 (11/10/2021)
• ATL: $0.00 (10/28/2020)

Wrapped ETH is a large-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Arbitrum bridge, a protocol rated as Best.

Arbitrum Bridge

Wrapped ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Arbitrum is backed 1:1 by ETH locked in the Arbitrum bridge protocol on the Ethereum chain. ETH is "wrapped" to make it compatible with DeFi smart contracts. 1 Wrapped ETH is always equal to 1 ETH.

Wrapped ETH is highly correlated to the overall market.