WETH

Today's state: WETH is trading at $2,683.97 with a $9.1 billion market capitalization (rank #19). The price moved -0.14% over the past 24 hours and is +2.40% over 7 days; the 30-day move stands at +32.50% and the 90-day at +0.00%.

Position vs cycle: This is an ordinary-depth correction that has, in past cycles, broken either way — frequently after a re-test of the prior high.

Volatility and structure: 30-day realized volatility of 62.3% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Neutral (56/100), with the timeframes pulling in different directions and no clean directional read.

Looking past Bitcoin alone, how closely WETH tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: -0.00 — a minimal negative relationship.
• Ethereum reference: +0.05 — a minimal positive relationship.
• Solana reference: +0.00 — a minimal positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

WETH (WETH) is a cryptocurrency, traded on global digital-asset markets. It trades at $2,683.97 as of the latest update, with a 24-hour move down 0.14%, placing it at rank #19 by market capitalisation among all listed digital assets. WETH's current market cap stands at $9.06B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking WETH across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

WETH lets holders of the underlying asset participate in DeFi or applications on a different blockchain while keeping exposure to the underlying. Wrapped versions of major assets are widely used as collateral, as liquidity for DEX pools, and as building blocks in structured DeFi products.

WETH (WETH) is a top-25 asset, ranked #19 among all tracked tokens by capitalisation. It currently trades about 46% below its all-time high of $4,944.74 set in August 2025.

WETH (WETH) is a wrapped asset: a token that represents another underlying asset on a different blockchain, issued under a custody or smart-contract guarantee. The underlying asset is held (or staked) by a custodian or protocol, and an equivalent amount of the wrapped token is minted on the destination chain. Burning the wrapped token releases the underlying.

Wrapped tokens are designed to track the underlying asset 1:1. Peg deviations occur when redemption is interrupted, when custody is questioned, or when DEX liquidity becomes thin. The metric that matters is not "price" but peg-to-underlying.

WETH (WETH) is a top-25 asset, ranked #19 among all tracked tokens by capitalisation. It currently trades about 46% below its all-time high of $4,944.74 set in August 2025.

WETH is used wherever the underlying asset is needed in a different on-chain environment: as DeFi collateral, as part of liquidity pools, as a yield-bearing alternative (in the case of staking derivatives), and as the substrate for structured products. It is rarely used for direct speculation — that demand goes to the underlying.

Daily turnover is light — roughly 0.13% of market cap ($11.52M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

WETH is a wrapped token — supply expands as more of the underlying asset is custodied (or staked, in the case of liquid-staking derivatives) and contracts as the wrapped tokens are burned to redeem. There is no independent emission schedule. The tokenomics question that matters is whether the underlying is fully backing the wrapped supply, which depends on the custodian or protocol design.

Investors should treat the wrapped-token supply as a measure of how much "demand for on-chain DeFi access to the underlying" exists at the current moment. Growing supply suggests rising demand for DeFi composability with the underlying; shrinking supply suggests the opposite.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

To read crypto in a wider context, keep an eye on four markets — the dollar, where strength typically pressures risk assets; long-dated Treasury yields, which set the discount rate on future cash flows; gold, sometimes a parallel hard-money bet; and US equities, frequently correlated with crypto during liquidity-driven swings despite the popular "uncorrelated" label.

Narrowing to WETH, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, WETH has tended to advance with it; when it drains, the move has typically gone into reverse. With a comparatively loose 90-day BTC correlation of -0.00, WETH has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Risks are specific to wrapped assets: custody risk (the underlying may be compromised or seized), smart contract risk (mint/burn logic could be exploited), peg risk (the wrapped token can trade below par during stress), and protocol-specific governance risk (changes to the wrapping protocol may affect redeemability). Users should treat the wrapped token as exposure to the underlying plus the wrapper's risk surface.