ETH
ETH (Ether) tokens: The native cryptocurrency powering the Ethereum blockchain ecosystem.
7 days at the top this week: $WETH is dominating the category
$TOMOE fell 10 places this week
Weakest this week: $ELA bottomed out at a 9 gem score
$WETH hit a gem score of 82 this week
38 tokens rose and 13 fell this week
Weakest this month: $ETH bottomed out at a 8 gem score
Frequently asked questions
How has ETH performed recently?
The ETH category shows varied activity across different timeframes. Over the past 7 days, 38 tokens were up and 13 were down in breadth. "Ronin Wrapped Ether" (WETH) was a streak leader, holding its position for 7 days and reaching a score of 81.8654, the highest in this period. "分红ETH" (ETH人生) and "Super ETH" (ETHx) were among the top climbers, with rank deltas of 6 and 5 respectively. Conversely, "TomoChain" (TOMOE) saw the most significant decline, with a rank delta of -10 and a score percentage change of -60.6%. "Ethereum Leverage Assets" (ELA) had the lowest score at 9.0601. Looking at the 30-day window, breadth was nearly even, with 23 tokens up and 28 down. "Ronin Wrapped Ether" (WETH) maintained its leadership, extending its streak to 30 days and achieving a high score of 82.6921. "Compound Ether" (cETH) and "分红ETH" (ETH人生) were strong climbers, with rank deltas of 11 and 8 respectively. "TomoChain" (TOMOE) continued to be a notable faller, dropping by 8 ranks with a -55.3% score percentage change. "ETH" had the lowest score at 8.2689. "Wrapped Ether" (WETH) on Optimism was a new entrant into the top K, while "Wrapped Ether" (WETH.e) on Avalanche exited the top K.
What is ETH?
ETH, or Ether, is the native cryptocurrency of the Ethereum blockchain. It is used to pay for transaction fees (gas), participate in decentralized applications (dApps), and secure the network through staking in Ethereum's proof-of-stake mechanism.
How does ETH differ from other cryptocurrencies?
ETH's primary distinction is its role within the Ethereum network, which serves as a global, open-source platform for decentralized applications and smart contracts. Unlike some cryptocurrencies, ETH is not just a digital currency but also fuel for a vast ecosystem of DeFi, NFTs, and other Web3 innovations.
What are the primary use cases for ETH?
ETH is used for paying transaction fees on the Ethereum network, participating in decentralized finance (DeFi) protocols, buying and selling non-fungible tokens (NFTs), staking to secure the network and earn rewards, and as a store of value or medium of exchange within the crypto economy.
What is the relationship between ETH and the Ethereum network?
ETH is fundamental to the operation of the Ethereum network. It is required to execute transactions and smart contracts, compensate validators for processing transactions, and is integral to the security and economic model of the blockchain.
Can ETH be staked?
Yes, ETH can be staked on the Ethereum network. Since the merge to proof-of-stake, individuals can stake their ETH to become validators, help secure the network, and earn staking rewards for their participation.