ETH
ETH (Ether) tokens: The native cryptocurrency powering the Ethereum blockchain ecosystem.
Top gainers this week
Top losers this week
7 days at the top this week: $WETH is dominating the category
$WXTZ climbed 11 places this week
Up 4 places this week, $ETH is gaining ground
Down 17 places this week, $SOL is losing steam
$ETH · 8 gem score this week
$WETH hit a gem score of 82 this week
27 tokens rose and 24 fell this week
Weakest this month: $ETH bottomed out at a 5 gem score
Frequently asked questions
How has ETH performed recently?
The ETH category shows varied performance across its wrapped tokens over the last 7 and 30 days. Ronin Wrapped Ether (WETH) has demonstrated strong consistent momentum, leading the streak for both 7 and 30 days and holding the highest score extreme. In the 7-day window, Wrapped XTZ (WXTZ) was a top climber with a 128.3% score increase, while SOL saw a significant rank decrease. Over 30 days, several Wrapped Ether tokens (WETH on Arbitrum, Optimism, and Polygon) were prominent climbers, with Wrapped Ether (Wormhole) seeing a 42.6% score increase. Notably, Wrapped SOL (SOL) was a faller in both periods, and Liquid staked Ether 2.0 (stETH) exited the top K in the 30-day window.
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.