Ethereum ETH#2
Live Ethereum (ETH) price, market cap and chart — Ethereum. Data via Binance; market cap from live price × curated circulating supply. Updated continuously.
About Ethereum
Ethereum (ETH) is the largest programmable blockchain in crypto. Proposed by Vitalik Buterin in 2013 and live since 2015, it took Bitcoin’s idea of a shared ledger and made it general-purpose: developers deploy "smart contracts" — self-executing code — that power tokens, stablecoins, NFTs and most of decentralised finance. Its native coin, ether, pays the network’s transaction fees, known as gas, and secures the chain.
In 2022 Ethereum completed "The Merge", swapping energy-hungry mining for proof-of-stake. Holders can now stake ether to help validate the network and earn rewards, and a slice of every fee is burned, so net supply can shrink when the chain is busy. Most day-to-day activity is shifting to cheaper "layer-2" networks that settle back to Ethereum for security. Ether’s value rests on demand for that block space rather than a fixed cap — and, like all crypto, it is volatile and high-risk.
Ethereum tokenomics
| Market cap rank | #2 |
| Circulating supply | 120.50M ETH |
| Max supply | No fixed cap |
| All-time high | $4,956.78 -64.57% |
| All-time low | $81.79 |
| Launched | 2015 |
All-time high and low are approximate, derived from Binance market history since ETH listed there.
Ethereum is a programmable, proof-of-stake blockchain. Ether pays for computation (gas) and secures the network through staking, with a share of fees burned. It hosts most of DeFi, stablecoins and NFTs, while a layer-2 ecosystem scales it and inherits its security.
Ethereum’s case is utility, not scarcity: it is infrastructure other things are built on, so ether is a bet on continued on-chain demand. But it faces real competition from rival layer-1s, and as activity migrates to layer-2s the way fees and value reach the base layer is changing. Staking adds yield and security but also lock-ups and technical risk. It remains volatile and high-risk.
First Light shows what’s happening and why it matters — a clarity tool, not a prediction. Not financial advice.
What the market thinks
Live odds from Polymarket prediction markets mentioning Ethereum. These reflect what traders are betting — not fact, and not financial advice.
Ethereum vs peers
| Coin | Price | 24h | Market Cap |
|---|---|---|---|
| Ethereum ETH | $1,756.10 | -0.39% | $211.61B |
| Bitcoin BTC | $62,775.76 | -0.32% | $1.25T |
| Tether USDT | $1.00 | +0.00% | $140.00B |
| BNB BNB | $569.50 | -1.45% | $79.73B |
| XRP XRP | $1.09 | -2.66% | $63.47B |
| USD Coin USDC | $1.00 | +0.01% | $60.04B |
Ethereum FAQ
What is Ethereum?
Ethereum is a decentralised, programmable blockchain that runs smart contracts. Its native asset, ether (ETH), pays transaction fees and secures the network through staking.
How is Ethereum different from Bitcoin?
Bitcoin is designed as fixed-supply money. Ethereum is a general-purpose platform for applications, so ether’s value tracks network usage rather than a hard supply cap.
What is gas on Ethereum?
Gas is the fee, paid in ether, to run a transaction or smart contract. It rises when the network is busy and falls when demand is low.
Does Ethereum have a maximum supply?
No. Issuance rewards stakers while a portion of fees is burned, so net supply can rise or fall depending on activity.
Where does BitAdvent’s Ethereum price come from?
The live price, 24-hour change and volume come from Binance public market data; market cap is the live price times a curated circulating-supply figure.