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 8 places this week
$WETH +6 places this week
$WETH hit a gem score of 82 this week
16 tokens rose and 35 fell this week
$SOL -18 places this month
Frequently asked questions
How has ETH performed recently?
The ETH category shows a bullish sentiment over both the 7-day and 30-day windows, with more tokens moving up than down in breadth. Wrapped ETH (WETH) on Ronin is a consistent top performer, leading streaks for both periods and holding the highest score. In the past week, Ether (ETH) on Avalanche and Binance Beacon ETH (BETH) were notable climbers. However, Aave Base WETH (aBasWETH) and Wrapped SOL (SOL) saw significant declines over both periods. New entrants to the top K include Wrapped Ether (WETH.e) on Avalanche, while Wrapped SOL (SOL) exited the top K in both windows.
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.