Arbitrum Bridged WETH (Arbitrum One) is a wrapped version of Ethereum’s native cryptocurrency, Ether (ETH), designed specifically for use on the Arbitrum One Layer 2 scaling solution. This allows users to transfer and use their ETH more efficiently and cost-effectively on the Arbitrum network, which aims to reduce congestion and transaction fees on the Ethereum blockchain. Arbitrum Bridged WETH operates as an intermediary token that represents ETH on the Arbitrum One platform, enabling faster and cheaper transactions compared to using ETH directly on the main Ethereum network.