Ethereum
(eth)Price: $2,297.21
Ethereum market performance chart for the last seven(7) days.
Market Statistics
Market cap$276,124,120,375
Mkt cap rank: 2
Total volume$9,916,848,404
24h high$2307.670000
24h Low$2249.330000
Price Performance
Last 1 hour0.5076%
Last 24 hours2.1286%
Last 7 days-7.6508%
Last 30 days-14.8194%
Last 1 year39.5020%
About Ethereum
Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.
On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.