- #8919
Wrapped Ethereum (Sollet) SOETH
SOETH Price
Market Cap
--Rank #8919FDV
$377.98 MRank #2988Investors
X Followers
Detailed Performance
SOETH shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SOETH to USD Converter
Price History
- All-Time High
- $3,423.264.38x to ATH
- All-Time Low
- $38.3120.41x to ATL
- Trade Launch Date
- 8 Apr, 2022
985 days ago
Exchanges
Exchanges type
About SOETH
Wrapped Ethereum (Sollet) is a form of wrapped token that represents Ethereum on the Solana blockchain. It is designed to bring Ethereum's functionality and assets to the Solana ecosystem, allowing users to interact with Ethereum-based applications and assets on Solana. Sollet is a wallet that supports Wrapped Ethereum and enables users to hold, transfer, and trade this wrapped token on the Solana network.
What makes Wrapped Ethereum (Sollet) unique?
Wrapped Ethereum (Sollet) is unique compared to other cryptocurrencies because it is an off-chain solution that derives its security from the main Ethereum network. It is part of the "layer 2" solutions, which do not require changes to the existing Ethereum protocol. This means that Wrapped Ethereum is able to leverage the security of the Ethereum Layer 1 consensus, making it a reliable and secure option.
Unlike other cryptocurrencies, Wrapped Ethereum is implemented separately from the Layer 1 Mainnet, meaning it operates on its own chain. This allows for scalability and improved transaction speed, as it reduces the burden on the main Ethereum network.
Additionally, Wrapped Ethereum (Sollet) is also known for its use of rollups, a type of off-chain scaling solution. Rollups enable faster and more cost-effective transactions by bundling multiple transactions together and submitting them as a single transaction to the Ethereum network. This helps to alleviate congestion and improve overall scalability.
Overall, Wrapped Ethereum (Sollet) stands out as a unique cryptocurrency due to its off-chain implementation, reliance on the Ethereum network's security, and utilization of rollup technology for improved scalability.
Live Wrapped Ethereum (Sollet) Price Data
The current price of Wrapped Ethereum (Sollet) (SOETH) is approximately $781.75, reflecting a decrease of -8.60% in the last 24 hours. The SOETH trading volume in the last 24 hours stands at $32,301.00.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Wrapped Ethereum (Sollet)'s performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SOETH, check out our crypto insights page.
Official Links
SOETH to USD Converter
Price History
- All-Time High
- $3,423.264.38x to ATH
- All-Time Low
- $38.3120.41x to ATL
- Trade Launch Date
- 8 Apr, 2022
985 days ago