# Binance-Peg WETH

> Binance-Peg WETH is a token pegged to the value of Ethereum (WETH). It allows trading of Ethereum-based assets on the Binance Chain ecosystem, which is not poss...

- Canonical URL: https://iq.wiki/wiki/binance-peg-weth
- Categories: Cryptoassets
- Tags: BNB Chain
- Created: 2025-06-07T07:35:09.225Z
- Last updated: 2025-07-26T14:02:25.217Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Binance-Peg WETH (WETH)** is a token issued on the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) that is pegged in value to Wrapped [Ethereum](https://iq.wiki/wiki/ethereum) (WETH) on the [Ethereum](https://iq.wiki/wiki/ethereum) network. It facilitates the use and trading of [Ethereum](https://iq.wiki/wiki/ethereum)-based value within the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem. [\[1\]](#cite-id-4xstcwaW2b)

## Overview

[Binance](https://iq.wiki/wiki/binance)-Peg WETH serves as a cross-chain representation of Wrapped [Ethereum](https://iq.wiki/wiki/ethereum) (WETH) on the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain). To enable interoperability and allow users to utilize their WETH holdings within the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain)'s decentralized finance (DeFi) and application ecosystem, [Binance](https://iq.wiki/wiki/binance) issues pegged tokens. These pegged tokens are created through a process where an equivalent amount of the native asset (WETH on [Ethereum](https://iq.wiki/wiki/ethereum)) is locked in a designated address, and the corresponding pegged token ([Binance](https://iq.wiki/wiki/binance)-Peg WETH) is minted on the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain).

The existence of Binance-Peg WETH expands the liquidity and utility of WETH by making it accessible to users and protocols operating on the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), which often features lower transaction fees and faster [block](https://iq.wiki/wiki/block) times compared to the [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet). It is part of a broader category of "Binance-Peg Tokens" designed to bridge various cryptocurrencies to the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem. [\[1\]](#cite-id-4xstcwaW2b)

## Tokenomics

* **Market Cap:** Approximately $1,509,910,258
* **Fully Diluted Valuation (FDV):** Approximately $1,509,910,258
* **24 Hour Trading Volume:** Approximately $45,773,056
* **Circulating Supply:** Approximately 604,999 WETH  [\[1\]](#cite-id-4xstcwaW2b)
* **Total Supply:** Approximately 604,999 WETH [\[2\]](#cite-id-0LYJMHyUyE)
* **Max Supply:** ∞ (Infinite) [\[1\]](#cite-id-4xstcwaW2b)

The price of Binance-Peg WETH is calculated by aggregating data across multiple exchanges and markets using a global volume-weighted average formula. [\[3\]](#cite-id-ZBGzznLpSB)

## Use Cases

* **Trading:** Users can trade Binance-Peg WETH against other tokens on decentralized exchanges (DEXs) operating on [BNB Chain](https://iq.wiki/wiki/binance-smart-chain). [\[1\]](#cite-id-4xstcwaW2b)
* **DeFi Participation:** Binance-Peg WETH can be used in various DeFi protocols on [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), such as lending platforms, yield farming protocols, and liquidity pools. [\[1\]](#cite-id-4xstcwaW2b)
* **Transfer:** Users can transfer WETH value quickly and with potentially lower fees compared to transactions on the [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) by using its pegged representation on [BNB Chain](https://iq.wiki/wiki/binance-smart-chain). [\[1\]](#cite-id-4xstcwaW2b)