To perform a transaction in the Ethereum network, you will need ETH coin to cover the network fees.
Ethereum (ETH) Crypto Exchange
Instantly exchange Ethereum at the best ETH exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
ETH Market Data
Ethereum market information: ETH price, capitalization, supply
Ethereum Price is $3,416.5682. Its current circulating supply is eth 120,458,692 with a market cap of $411,555,341,118.39.
PRICE
$ 3,416.5682
MARKET CAP
$ 411,555,341,118.39
24h % PRICE
2.97 %
24H VOLUME
$ 30,668,906,076.33
7d % PRICE
-14.8 %
COIN SUPPLY
120,458,692 ETH
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What is Ethereum (ETH)
Ethereum is an open-source, decentralized computing platform that allows smart contracts and decentralized applications (dApps). The more poetic name of the Ethereum project is “a world computer”. It was introduced in 2013 in a whitepaper written by Vitalik Buterin. It described the idea of creating a decentralized platform that will allow users to implement smart contracts and design decentralized applications.
The idea behind Ethereum is to enhance opportunities for blockchain technology and to go beyond just transferring value from one to another. Ethereum’s native currency – Ether (ETH) is used as gas, which refers to fuel for the execution of smart contracts and functioning of dApps. After the London fork in the Ethereum network, when EIP-1559 was implemented, a gas-burning mechanism was launched, which caused a strong growth in the ETH price.
On September 15th, 2022, the Ethereum network went through the long-awaited Merge and transitioned to the Proof-of-Stake consensus algorithm. According to the network's website, the new update reduced Ethereum's energy consumption by ~99.95%. This has also led to the creation of [EthereumPoW](https://changenow.io/currencies/ethereum-pow) or ETHW, a fork of the Ethereum mainnet that retained the Proof-of-Work mechanism.
Ethereum Q&A
Here are some top projects in the Ethereum network:
The MakerDAO project offers a stable and decentralized currency Dai that can be used by individuals and businesses alike. One of the key advantages of Dai is its financial freedom with no volatility. It is a price-stable currency that you can generate on your own terms, instantly. The Maker Protocol, supported by the community of MKR token holders, governs the project and ensures decentralized governance. MakerDAO has created a growing ecosystem with over 400 integrated apps and services, including wallets, DeFi platforms, games, and more.
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets. Aave Grants DAO is a community-led grants program to fund ideas submitted by the Aave protocol’s community, with a focus on empowering a wider network of community developers.
The Uniswap project is a leading decentralized crypto trading protocol that offers several use cases. Firstly, it allows users to swap cryptocurrencies directly, providing a seamless and secure trading experience. Secondly, it enables users to earn rewards by providing liquidity to the protocol through liquidity pools. Lastly, Uniswap serves as a foundation for developers to build decentralized finance (DeFi) applications and tools on Ethereum, empowering them with resources like documentation, SDKs, and open-source code. Additionally, the Uniswap Governance Forum allows participants to propose upgrades and actively participate in shaping the future of the protocol through voting.
