HostWETH vs OP — price, size and safety, side by side
WETH (Ethereum) vs OP (Optimism) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-11-13 / 2026-11-15.
WETH vs OP — normalized performance, 2026-09-21 to 2026-11-13T12:15:58
| WETH | OP | |
|---|---|---|
| Price | $1.91K | $0.08213 |
| Market cap | $4.69B | $245.65M |
| 24h volume | $577.69M all venues | $45.22M all venues |
| Liquidity | $841.76M | $999.71K |
| FDV | $4.69B | $460.57M |
| Holders | 3,680,746 | 1,370,095 |
| Age (days) | 1,727 | 1,616 |
| Safety grade | A | B |
Where they differ
- WETH measures ~19× the market cap of OP
- WETH measures ~842× the liquidity of OP
- WETH measures ~13× the 24h volume of OP
- WETH measures ~2.7× the holder count of OP
What the data says
WETH
WETH is the oldest load-bearing contract in DeFi. Deployed in December 2017 as WETH9, the contract at 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 does exactly one thing: wrap ETH — which predates the ERC-20 standard and doesn't conform to it — into a token that does, redeemable one-for-one, instantly, by anyone, forever. It has no owner, no admin functions, no upgrade path, and no pause switch. Nearly every DEX trade, lending market, and NFT sale on Ethereum has settled through it at some point; it is less a token than a piece of the chain's plumbing.
That architecture is why the usual checklist comes back almost empty. There is no team to rug, no supply policy to abuse — WETH supply is simply however much ETH is currently deposited in the contract, minted on wrap and burned on unwrap. The failure mode people theorize about (the contract holding less ETH than WETH outstanding) would require a bug that eight-plus years of the highest-value adversarial testing in crypto has not found. NexFlow's November 6, 2026 snapshot shows roughly $842 million of tracked pool liquidity and $73 million of daily volume on this deployment, and both understate reality — WETH is one side of thousands of pools our sample doesn't enumerate.
OP
OP at 0x4200000000000000000000000000000000000042 is the Optimism Collective's governance token — the canonical OP Mainnet deployment sitting in the chain's own vanity address space, not a bridged copy. The November 6, 2026 snapshot counts 1,370,095 holders around a $245.7 million market cap, $460.6 million fully diluted against a 4.3 billion total supply — the gap between the two figures is the unissued allocation the Collective still holds.
The contract posture is worth quoting exactly. Minting is still active — new supply can be minted, consistent with OP's ongoing distribution schedule. Freeze is revoked, and the code is not a proxy. Depth is the soft spot: $1000 thousand of tracked pool liquidity is thin against a nine-figure cap, and $2.8 million of 24-hour volume means ordinary exits clear but size should be measured against the pool, not the headline.
FAQ
Which is bigger, WETH or OP?
By tracked market cap: WETH (Ethereum) measures $4.69B and OP (Optimism) measures $245.65M — dated snapshots, not a live feed.
Which is safer, WETH or OP?
On the contract checks we publish: WETH (Ethereum) grades A and OP (Optimism) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have WETH and OP performed over the shared window?
Between 2026-09-21 and 2026-11-13T12:15:58, the measured snapshots show WETH at −29.5% and OP at −27.2%.
More comparisons
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The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-11-13T12:15:58; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.