Ethereum (ETH)
ETH

Ethereum ETH

Price of 1 Ethereum today (5 March)
$ 3,756.34
6.94%
Price Min/Max
24 hrs
$ 3.48k
$ 3.78k
30 days
$ 2.27k
$ 3.78k
1 year
$ 1.38k
$ 3.78k
Market Cap
$ 451,555,578,841
+63.93%
#2
Trading Volume, 24h
$ 37,786,525,166
+91%
Supply token
120,127,132 ETH

The first currency trading commenced in 30 July 2015 , and up to the present day, Ethereum (ETH) is traded on 233 crypto exchanges, including ZB, Binance, ByBit, LBank and others. The maximum trading volume is observed for the trading pair ETH/USDT and reaches 26.1 bln. dollars (55% of the total volume across all exchanges). During the week, the minimum price for Ethereum (ETH) is fixed on Wednesday at 3,370.57 dollars. Currently, the token Ethereum is trading in the range of 3,756.34 dollars or 341,796.18 rubles for 1 ETH.

Price of Ethereum (ETH)

Exchanges where ETH is traded

Exchange Pair Price Volume, 24h
1 ZB ETH/USDC
$ 1,688.08
USDC 1,687.69
$ 8,137,148,651 Go
2 Binance ETH/USDT
$ 3,697.04
₮ 3,697.55
$ 3,038,539,388 Go
3 Binance ETH/FDUSD
$ 3,696.74
FDUSD 3,705.88
$ 3,011,749,629 Go
4 OrangeX ETH/USDT
$ 3,755.07
₮ 3,755.53
$ 1,204,351,047 Go
5 ByBit ETH/USDT
$ 3,671.65
₮ 3,661.21
$ 1,154,537,365 Go
6 ByBit ETH/USDC
$ 3,664.47
USDC 3,664.78
$ 920,887,796 Go
7 LBank ETH/USDT
$ 3,717.64
₮ 3,721.02
$ 881,709,580 Go
8 Coinstore ETH/USDT
$ 3,689.84
₮ 3,689.81
$ 866,445,505 Go
9 Bitget ETH/USDT
$ 3,720.44
₮ 3,721.28
$ 862,109,662 Go
10 OKEx ETH/USDT
$ 3,694.61
₮ 3,690.35
$ 839,338,313 Go

Calculator ETH

ETH
USDT

1 ETH = 3,756.34 USD

What is 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.

Official websites and links for Ethereum

There are currently about 5 official links to Ethereum websites and social media:

Ethereum: How does it work

Ethereum stands out as the second most popular cryptocurrency, distinguished primarily by its ability to rapidly create smart contracts. While Bitcoin serves as a convenient means of storing and transferring funds, Ethereum expands the spectrum of financial actions significantly.

Smart Contracts: Redefining Digital Agreements

Smart contracts, integral to Ethereum, represent pieces of code embedded within the blockchain. These contracts outline conditions for execution, automatically triggering transactions upon fulfillment. Unlike traditional legal agreements where the judiciary system ensures compliance, smart contracts operate digitally within Ethereum's system, guaranteeing execution through computer programs and a rigorous mathematical framework.

Illustrating Smart Contracts

Consider the scenario of Vasya raising funds on Kickstarter for a "Back to the Future" hoverboard project. Through traditional crowdfunding, contributors send money, trusting Kickstarter to either transfer funds to the project creators upon meeting the goal or return funds if the goal isn't met. This reliance on a third-party platform introduces trust concerns.

With Ethereum's smart contracts, Vasya can code the conditions directly. When the conditions are met, the contract executes, either transferring funds to Vasya or returning them to the contributors. This automation eliminates the need for intermediaries and enhances trust within transactions.

Project Essentials

Project Essence: Ethereum serves as a decentralized platform enabling the creation and execution of smart contracts, revolutionizing digital agreements and financial transactions.

Mission: Ethereum aims to decentralize traditional financial systems, offering a trustless and transparent platform for executing various financial actions through smart contracts.

Token Role: The native cryptocurrency, Ether (ETH), fuels transactions and smart contract executions within the Ethereum network.

Tokenomics: Ether operates as both a digital currency and a utility token, essential for interacting with decentralized applications (dApps) and executing smart contracts on the Ethereum network.

Team: Founded by Vitalik Buterin in 2013, Ethereum boasts a diverse team of developers, researchers, and contributors dedicated to advancing blockchain technology and decentralized finance (DeFi).

Investors/Partners: Ethereum has garnered support from a wide array of investors, including both individual backers and institutional players, along with strategic partnerships with various blockchain projects and tech firms.

IDO (Initial DEX Offering): Ethereum's launch involved a token sale conducted through an Initial Coin Offering (ICO), which subsequently evolved into decentralized fundraising mechanisms like Initial DEX Offerings (IDOs) facilitated through decentralized exchanges (DEXs).

By embracing Ethereum's capabilities, individuals and businesses can access a new paradigm of financial autonomy and efficiency, empowered by smart contracts and decentralized protocols.

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