Binance-Peg WETH
WETHA wrapped token, backed 1 to 1 by Ethereum.
The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About Binance-Peg WETH
Analysis of 7 Feb 2026Binance-Peg WETH is a wrapped version of Wrapped Ether (WETH) bridged to BNB Smart Chain (BSC) through Binance's centralized bridge infrastructure. As of February 7, 2026, the token maintains $2.74 billion market cap ranking #60 globally with 605,000 WETH circulating supply while trading at $4,514.03, tracking WETH/ETH at 1:1 peg ratio.
Full overviewShow less
The bridge operates through a lock-and-mint mechanism where ETH is locked on Ethereum and BEP-20 WETH is minted on BSC, enabling access to BSC's lower-cost DeFi ecosystem. BNB Chain reached an all-time high of 31 million daily transactions in 2025 with 150% year-over-year growth, while TVL surged 40.5% to $17.1 billion led by PancakeSwap's $2.5 billion TVL.
PancakeSwap processes over $893 million in daily volume as the dominant BSC DEX. BNB Chain's Fourier upgrade launched in January 2026 reducing block time to 250ms, while the Fermi hardfork shortened intervals to 0.45s on January 14, 2026.
Bridge 2.0 enables direct Binance account transactions with self-custody wallet storage for unlisted tokens, eliminating third-party wallet requirements.