Arbitrum Bridged WETH (Arbitrum One) is a wrapped version of Ethereum (ETH) that operates on the Arbitrum One network, a Layer 2 scaling solution for Ethereum. ^[1]

Overview

Arbitrum One is an optimistic rollup, a type of Layer 2 scaling technology designed to improve the throughput and reduce the transaction costs of the Ethereum blockchain. By processing transactions off-chain and then submitting a summary back to the Ethereum mainnet, Arbitrum significantly enhances the network's efficiency. Arbitrum Bridged WETH (WETH) is a crucial component within this ecosystem, representing Ethereum's native cryptocurrency, Ethereum, in a form compatible with Arbitrum's smart contracts and decentralized applications (dApps). This process allows users to participate in DeFi activities, trade NFTs, and utilize other dApps on Arbitrum with the benefits of its Layer 2 architecture, while maintaining the value peg to ETH. ^[1]

Associated Categories

Arbitrum Bridged WETH is categorized under several classifications within the cryptocurrency market, reflecting its nature and role:

• Arbitrum Ecosystem: This category encompasses tokens and projects that are native to or significantly integrated with the Arbitrum Layer 2 network ^[2].
• Bridged WETH: This specific category includes wrapped versions of WETH that have been bridged to various blockchain networks, indicating its function as an interoperable asset ^[3].
• Bridged-Tokens: A broader category for any token that has been transferred or "bridged" from one blockchain to another, facilitating cross-chain compatibility ^[4].