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Ethereum
ETH
$3,570.86
+5.05%
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Ethereum latest news
Another Ethereum Crash Soon? 💀 ETH Crypto Token Analysis
Youtube Video
13 hrs ago
Jury Deadlocks After Three Days in MIT Brothers' $25 Million Cryptocurrency Heist Trial
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Market data
Market cap
$430.99B
Rank
#2
24H volume
$27.57B
Circulating supply
120.7M ETH
100% of total
All-time high
$4953.73
-38.73%
All-time low
$0.42
99.99%
Total supply
120.7M ETH
About Ethereum
Ethereum Price Summaries
Ethereum's price today is $3,570.86, with a 24-hour trading volume of $27.57B. ETH is +5.05% in the last 24 hours. It is currently -8.58% from its 7-day all-time high of $3,905.96, and 15.70% from its 7-day all-time low of $3,086.41.ETH has a circulating supply of 120.7M ETH.Ethereum is a **programmable blockchain** that enables developers to build and deploy decentralized applications (dApps) and smart contracts. Its native cryptocurrency is **Ether (ETH)**. As a Turing-complete platform, it can execute complex code and has become the second-largest cryptocurrency by market capitalization, behind Bitcoin.
Ethereum was first proposed in a 2013 white paper by Vitalik Buterin, who envisioned a platform that could do more than just facilitate digital currency transactions. After a successful initial coin offering (ICO) in 2014, the Ethereum blockchain officially launched in 2015.
A significant event in Ethereum's history was the "Merge," a major upgrade that took place in 2022. This transition shifted the network's consensus mechanism from a energy-intensive Proof of Work (PoW) model to a more efficient **Proof of Stake (PoS) model. This change was aimed at improving the network's scalability, security, and sustainability.
Ethereum introduced the concept of a **smart contract** platform. These are self-executing contracts with the terms of the agreement directly written into lines of code. They run on the blockchain, so they are transparent, immutable, and don't require a third party to enforce the terms. Users pay a network fee, known as **gas**, in Ether to execute these smart contracts and other transactions.
Additionally, the Ethereum blockchain can host other cryptocurrencies, known as **tokens**, which are created using its **ERC20 compatibility standard**.
Ethereum's native currency, **Ether (ETH)**, is used to pay transaction fees on the network. However, the platform's utility extends far beyond just a currency. Developers use Ethereum to create and run **decentralized applications (dApps)** and issue new crypto assets. The platform has fostered a vast ecosystem of use cases, including:
- Decentralized Finance (DeFi): Financial applications like lending, borrowing, and trading without intermediaries.
- Non-Fungible Tokens (NFTs):** Unique digital assets used for art, collectibles, and gaming.
- Play-to-Earn Gaming:** Games that allow players to earn crypto or NFTs through gameplay.
- Decentralized Autonomous Organizations (DAOs): Organizations run by code and governed by token holders.
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