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Icon of Wrapped Ether

Wrapped Ether

WETH Ethereum Issued by Ethereum Foundation
100.1%

$4.64B reserves for $4.63B market cap

  • ETH 100%

As of Oct 31, 2026 · On-chain · sources

01 · Backing chain

What WETH is backed by, and what it backs

Move the slider or press play to see the chain week by week since 2022.

Oct 31, 2026 Open in Explore

Backs: tokens that hold WETH

Backed by: the reserves behind WETH, through every level

Backing on Oct 31, 2026, the last recorded day of its week. Backing from reports counts until the next report, for at most 140 days. Between two reports the values are estimated, see the settings.

02 · Composition over time

What the reserves were made of

Share of each reserve asset, or its value in USD at the time. Shares also shift when the price of a reserve asset changes. Gaps are periods without records.

Tap for the mix at a date.

Latest, Oct 31, 2026

Click reserve assets above to show only those.

03 · Backing ratio

Reserves against market cap

Daily, since market data is recorded. The composition reaches further back.

04 · Reserves today

Every reserve asset

Reserve asset Value Share
ETH $4.64B 100.0%

05 · Held by

Tokens holding WETH directly

Token Held Share of the token's backing
Icon of USDS USDS $728.83M 12.5%
Icon of Dai Dai $517.57M 12.5%

06 · Sources

Read from the chain

The ETH held by the WETH contract, read from the chain every hour.

Price
$2.25K
Market cap
$4.63B
Supply
2.06M
Updated
Oct 31, 2026