{"id":"l2-standard-bridged-weth-base","title":"L2 Standard Bridged WETH Base","content":"**L2 Standard Bridged WETH (Base)** is an ERC-20 Wrapped Ether token (WETH) that has been transferred from the [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) [(Layer 1)](https://iq.wiki/wiki/layer-1) to the [Base](https://iq.wiki/wiki/base) network [(Layer 2)](https://iq.wiki/wiki/layer-2) using the standard bridging mechanism.  [\\[1\\]](#cite-id-oBmnyDZ1EQ)\n\n## Overview\n\nL2 Standard Bridged WETH (Base) is a wrapped [Ethereum](https://iq.wiki/wiki/ethereum) token bridged from [Ethereum](https://iq.wiki/wiki/ethereum) to the [Base](https://iq.wiki/wiki/base) network, enabling users to interact with [DeFi](https://iq.wiki/wiki/defi) applications, [NFT](https://iq.wiki/wiki/non-fungible-token-nft) platforms, and other [ERC-20](https://iq.wiki/wiki/erc-20)-compatible services on [Base](https://iq.wiki/wiki/base) with reduced transaction costs and faster processing times. It enhances interoperability between [Ethereum](https://iq.wiki/wiki/ethereum) and [Base](https://iq.wiki/wiki/base) by locking the original WETH on Ethereum and [minting](https://iq.wiki/wiki/minting) an equivalent amount on Base, ensuring a 1:1 backing.\n\nThis bridged asset allows users to access Base’s ecosystem without losing exposure to Ethereum-native assets. Developers also benefit from improved composability and liquidity, as applications on Base can integrate and utilize bridged WETH in the same way they would on Ethereum. [\\[1\\]](#cite-id-oBmnyDZ1EQ)\n\n## Tokenomics\n\nThe supply of L2 Standard Bridged WETH (Base) is elastic and adjusts based on user activity. When WETH is bridged from [Ethereum](https://iq.wiki/wiki/ethereum) to [Base](https://iq.wiki/wiki/base), an equivalent amount is [minted](https://iq.wiki/wiki/minting) on Base while the original is locked on Ethereum. Bridging back reverses this process, with tokens [burned](https://iq.wiki/wiki/token-burn) on Base and WETH released on Ethereum.\n\n* **Collateralization**: Each token is fully backed 1:1 by WETH on Ethereum. This structure ensures transparency and auditability, with supply data publicly available via blockchain explorers and dashboards.\n* **Market Capitalization**: As of the latest data, L2 Standard Bridged WETH (Base) has a market cap of approximately $543,604,475.\n* **Availability and Trading**: L2 Standard Bridged WETH (Base) is tradable on several decentralized exchanges. The most active trading venue is Aerodrome SlipStream, with the WETH/USDC pair recording a 24-hour trading volume of $113,147,205. Other notable platforms include Uniswap V3 (Base) and PancakeSwap V3 (Base).  [\\[1\\]](#cite-id-oBmnyDZ1EQ) [\\[2\\]](#cite-id-084AijZKXh)","summary":"L2 Standard Bridged WETH (Base) is the wrapped Ether token bridged from Ethereum to the Base network. ","images":[{"id":"QmT7CKe5Tmt3s2DJx63PMkbpTwyfrSScafommEgMgncwxn","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Blockchains"},{"id":"Ethereum"},{"id":"Protocols"},{"id":"Stablecoins"},{"id":"DEXes"}],"media":[{"id":"QmS9b2ZdsprWqMTFAAsdiVTj6C3KqXr669MquNUCQxGoid","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmZfBML1gnS3dZ7wNy9HV59XmYN897C6rzgDLjgEzoqKTj","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmfEAgMxaKTHbW678izRREdUTeqFgWoJYaNfb8r1UC9uUw","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmcJL6apyaP1iZL3t1b1VHvoUSQfo5cM7DLwY9t2zZRTqS","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"oBmnyDZ1EQ\",\"url\":\"https://www.findas.org/tokenomics-review/coins/the-tokenomics-of-l2-standard-bridged-weth-base-weth/r/9R9MrAe7pQRDgNeKz6dxE\",\"description\":\"L2 Bridged WETH Tokenomics on Base: Utility, Supply, and Value\",\"timestamp\":1751846538549},{\"id\":\"084AijZKXh\",\"description\":\"CoinGecko: L2 Standard Bridged WETH (Base)\",\"timestamp\":1751847801102,\"url\":\"https://www.coingecko.com/en/coins/l2-standard-bridged-weth-base\"}]"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/l2-standard-bridged-weth-base"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRHKzSXY4CmWeCP8bXSZHKzad4TBpjypVcKyJeCkvDU4B\""},{"id":"commit-message","value":"\"Add founding event for L2 Standard Bridged WETH (Base) to events.\""},{"id":"previous_cid","value":"QmRHKzSXY4CmWeCP8bXSZHKzad4TBpjypVcKyJeCkvDU4B"}],"events":[{"id":"bcca1473-0b64-48cc-b0d2-7d591e41dd3a","date":"2023-08","title":"Founded Date","type":"CREATED","description":"L2 Standard Bridged WETH (Base) was founded"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["base","ethereum"],"founders":["anon"],"speakers":[]}}