# L2 Standard Bridged WETH Base

> L2 Standard Bridged WETH (Base) is the wrapped Ether token bridged from Ethereum to the Base network. 

- Canonical URL: https://iq.wiki/wiki/l2-standard-bridged-weth-base
- Categories: Cryptoassets
- Tags: Layer 1, DEX, Infrastructure
- Created: 2025-07-07T00:30:14.043Z
- Last updated: 2025-07-28T16:52:54.738Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**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)

## Overview

L2 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.

This 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)

## Tokenomics

The 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.

* **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.
* **Market Capitalization**: As of the latest data, L2 Standard Bridged WETH (Base) has a market cap of approximately $543,604,475.
* **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)