# WETH

> Track WETH with daily standardized on-chain data across 5 chains. Compare WETH with other tokenized cryptoasset projects. See charts and datasets in one place.

Source: [WETH on Token Terminal](https://tokenterminal.com/explorer/projects/weth). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: WETH
- Sectors: Tokenized cryptoasset
- Chains: arc, base, blast, ethereum, ink

## About

### What it is

Wrapped Ether (WETH) is an ERC-20 version of Ether, so smart contracts such as exchanges and lending markets can handle Ether like any other token.

### Who uses it

WETH is the wrapped Ether contract (WETH9). No company issues it: anyone can wrap Ether into WETH or unwrap it back.

### How it works

Depositing Ether into the WETH contract mints the same amount of WETH, and withdrawing burns WETH and returns the Ether, so every WETH is backed 1:1 by Ether held in the contract.

## Metrics

Token Terminal tracks these metrics for WETH daily. Each page has a chart with the full history.

- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/weth/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/weth/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/weth/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/weth/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/weth/metrics/gas-used)

## Links

- [website](https://weth.io)
- [etherscan](https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2)