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wrapped Ether – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Sun, 12 Mar 2023 14:30:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png wrapped Ether – DIGIT INFO https://www.digit.info 32 32 USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident https://www.digit.info/usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident/ Sun, 12 Mar 2023 14:30:56 +0000 https://www.digit.info/2023/03/12/usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident/ Read more]]> On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

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Crypto Twitter calls for calm after wETH insolvency joke goes viral https://www.digit.info/crypto-twitter-calls-for-calm-after-weth-insolvency-joke-goes-viral/ Mon, 28 Nov 2022 03:19:44 +0000 https://www.digit.info/2022/11/28/crypto-twitter-calls-for-calm-after-weth-insolvency-joke-goes-viral/

Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.

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Blockchain enthusiast allegedly losses $500k by sending WETH to contract address https://www.digit.info/blockchain-enthusiast-allegedly-losses-500k-by-sending-weth-to-contract-address/ Mon, 31 Jan 2022 15:30:00 +0000 https://www.digit.info/2022/01/31/blockchain-enthusiast-allegedly-losses-500k-by-sending-weth-to-contract-address/

While the contract does wrap ETH sent to the address into WETH, the same is not true vice versa.

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