ETH
ETH (Ether) tokens: The native cryptocurrency powering the Ethereum blockchain ecosystem.
7 days at the top this week: $WETH is dominating the category
Down 16 places this week, $ETH is losing steam
$WETH climbed 8 places this week
$cbETH fell 8 places this week
$WETH hit a gem score of 82 this week
15 tokens rose and 36 fell this week
$SOL -19 places this month
Frequently asked questions
How has ETH performed recently?
The ETH category showed significant upward movement over the past week, with 36 tokens rising and 16 falling. WETH (id:438) was a notable performer, achieving the highest score of 82.4017 and leading streaks for both 7 and 30 days. TomoChain (TOMOE) saw a substantial score increase of 147.9% and Wrapped SOL (SOL) also climbed significantly by 11.6% over the 7-day period. However, Ether (ETH) on Avalanche experienced a notable decline of 50.6% in its score, while Wrapped eETH (weETH.base) and Coinbase Wrapped Staked ETH (cbETH) were among the fallers in the 30-day window. Looking at the longer 30-day trend, the category still saw more tokens rising (30) than falling (22), with several WETH instances (id:432, id:402, id:352, id:389) showing positive rank changes, indicating a generally bullish sentiment for wrapped Ether variants.
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.