All coins

Ethereum

ETH
Smart Contract PlatformProof of Stake (Casper FFG + LMD-GHOST)Launched 2015
Max Supply
No cap
Circulating
120.70M
Launched
2015
Minute-Level Data From
2022-12-28

What it does

Ethereum is a programmable blockchain that enables developers to build and deploy decentralized applications (dApps) and smart contracts. It serves as the foundational infrastructure for DeFi, NFTs, DAOs, and Web3 applications. ETH is used to pay for computation (gas) on the network.

How it works

Ethereum uses Proof of Stake where validators lock up (stake) 32 ETH to participate in block production and attestation. Transactions are grouped into blocks by a randomly selected validator, then attested by a committee. The EVM (Ethereum Virtual Machine) executes smart contract bytecode in a deterministic, sandboxed environment. Since EIP-1559, a base fee is burned with each transaction, making ETH deflationary under high network usage. Layer 2 rollups (Optimism, Arbitrum, zkSync) handle computation off-chain and post proofs to Ethereum for security.

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Problem it solves

Ethereum introduced general-purpose programmability to blockchain, enabling trustless agreements and applications without intermediaries. It solves the need for a decentralized world computer where code runs exactly as written, immune to censorship or third-party interference. Its large developer ecosystem and network effects make it the default settlement layer for decentralized finance.

Key Differentiator

The largest and most battle-tested smart contract platform with the deepest developer ecosystem, highest DeFi TVL, and the dominant standard for tokenization (ERC-20/ERC-721).

Tokenomics

Supply Model
Mildly deflationary under high usage (EIP-1559 burn); can be inflationary at low usage
Staking
Validators stake 32 ETH; consensus-layer issuance ~3-4% APR for validators; liquid staking available via Lido, Rocket Pool
Burn Mechanism
EIP-1559: base fee burned with every transaction; over 4 million ETH burned since August 2021
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Ecosystem

Chain: Ethereum (own Layer 1 blockchain)
Depends on: Validator set, L2 adoption (Arbitrum, Optimism), ETH staking ratio, EIP upgrade schedule
Influences: DeFi TVL, NFT markets, L2 ecosystems, ERC-20 token valuations, gas market pricing

Similar Projects

Sources

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.