Ethereum (ETH) Price

$3,816.48

Ethereum (ETH) Price Today

The live price of Ethereum is 3,816.48 USD. In the past 24 hours, the trading volume of Ethereum was 33.8B USD, up by 1.02%. The current price has decreased by -3.15% from its 7-day high of 3,940.61 USD, and increased by 6.60% from its 7-day low of 3,580.19 USD. With a circulating supply of 120,710,195.80 ETH, the market cap of Ethereum is currently 463.3B USD, up by 0.58% in the last 24 hours. Ethereum currently ranks #2 by market capitalization among cryptocurrencies.

Ethereum (ETH) Market Data

Market Cap

$460.6B

24h Volume

$33.8B

Circulating Supply

120.7M ETH

Maximum Supply

Fully Diluted Market Cap

$460.6B

Liquidity Indicator

7.35%

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About Ethereum (ETH)

What Is Ethereum (ETH) and How Does It Work?

Ethereum (ETH) is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum was designed to go beyond Bitcoin’s capabilities by offering programmable transactions and self-executing code.

At its core, Ethereum works as a distributed network of computers (called nodes) that maintain a shared ledger, known as the Ethereum Virtual Machine (EVM). This virtual machine allows developers to deploy smart contracts, which are autonomous programs that execute when predefined conditions are met. These contracts run without downtime, fraud, or third-party interference.

Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS) in September 2022 through a major upgrade called The Merge. This shift significantly reduced Ethereum’s energy consumption and allowed users to earn rewards by staking their ETH to help secure the network. ETH is the native cryptocurrency used to pay transaction fees (gas), interact with dApps, and participate in staking and governance.

As of 2025, Ethereum powers thousands of DeFi protocols, NFT platforms, and Web3 projects, making it one of the most widely used blockchains in the world.

How Do Smart Contracts Work on Ethereum?

Smart contracts on Ethereum are self-executing programs stored on the blockchain that automatically carry out actions when specific conditions are met. Written in programming languages like Solidity, these contracts are deployed on the EVM, which ensures they run exactly as programmed without downtime, censorship, or third-party involvement.

Once deployed, a smart contract’s code and logic become immutable, meaning it cannot be altered. Users interact with smart contracts by sending transactions to their address on the Ethereum network. These interactions can perform tasks like transferring tokens, issuing loans, minting NFTs, or executing trades, all without a central authority. Smart contracts are the foundation of Ethereum’s decentralized finance (DeFi), gaming, and NFT ecosystems.

Who Created Ethereum Blockchain and When Did It Launch?

Ethereum was created by Vitalik Buterin, a Russian-Canadian programmer who published the Ethereum whitepaper in late 2013. The goal was to build a decentralized platform that could execute smart contracts and support applications beyond simple peer-to-peer payments, which Bitcoin was primarily designed for. Buterin’s idea quickly gained traction among developers and crypto enthusiasts.

In 2014, Ethereum's development was supported by a team of co-founders, including Gavin Wood (who authored the Ethereum Yellow Paper and created Solidity), Joseph Lubin, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, and Amir Chetrit. That same year, the Ethereum Foundation was established as a non-profit in Switzerland to oversee development.

Ethereum officially launched on July 30, 2015, with the release of its first mainnet version called Frontier. The platform has since gone through several major upgrades, including:

• Homestead (2016): Improved stability and usability.

• Metropolis – Byzantium & Constantinople (2017–2019): Enhanced privacy, scalability, and smart contract functionality.

• Istanbul (2019): Added compatibility with ZK-SNARKs and improved gas efficiency.

• The Merge (September 2022): Transitioned Ethereum from Proof of Work (PoW) to Proof of Stake (PoS), drastically reducing energy usage.

• Shanghai (April 2023): Enabled ETH withdrawals for stakers, completing the PoS transition.

Looking ahead, Ethereum’s roadmap includes upgrades to improve scalability, security, and decentralization, primarily through proto-danksharding (EIP-4844), full danksharding, and enhancements to Layer 2 rollups. These changes aim to reduce fees and increase transaction throughput, making Ethereum more efficient and user-friendly for mass adoption.

What Is Ethereum 2.0 and Its Key Milestones?

Ethereum 2.0, also known as the Ethereum upgrade, is a multi-phase transformation of the Ethereum blockchain aimed at improving scalability, security, and sustainability. The most critical change in Ethereum 2.0 was the switch from PoW to PoS, which drastically reduced Ethereum’s energy consumption and allowed users to stake ETH to help secure the network.

Here are the key milestones in the Ethereum 2.0 roadmap:

• Beacon Chain Launch (December 1, 2020): This marked the start of Ethereum’s shift to Proof of Stake (PoS), introducing a parallel chain where users could begin staking ETH without affecting the existing mainnet.

• The Merge (September 15, 2022): Ethereum’s mainnet successfully merged with the Beacon Chain, transitioning the entire network from PoW to PoS. This upgrade ended ETH mining and reduced energy usage by over 99%.

• Shanghai / Shapella Upgrade (April 12, 2023): This pivotal update allowed validators to unstake their ETH for the first time, completing the full staking and withdrawal cycle introduced with the Beacon Chain.

• Dencun Upgrade (March 13, 2024): A significant scalability step, Dencun introduced proto-danksharding (EIP-4844), enabling the use of data “blobs” to reduce costs for Layer 2 rollups and boost transaction throughput.

• Pectra Upgrade (May 7, 2025): Pectra, Ethereum’s 16th major upgrade, went live successfully and merged Prague (execution layer) and Electra (consensus layer) upgrades. It introduced smart accounts (EIP-7702), expanded the validator cap from 32 to 2,048 ETH (EIP-7251), and boosted Layer 2 blob throughput. This upgrade improved wallet UX, staking efficiency, and Layer 2 scaling.

• Future Milestones – Fusaka, Full Danksharding, and Statelessness (2026+): Following Pectra, Ethereum’s next major upgrade, Fusaka, will deliver full danksharding via PeerDAS. This will increase blob capacity from 6 to over 100 per slot, enabling Ethereum to process up to 100,000 transactions per second. Additional goals include stateless clients, which will make running Ethereum nodes more lightweight and decentralized.

Ethereum 2.0 is not a separate blockchain but an evolution of the existing one. It ensures Ethereum can handle thousands of transactions per second while maintaining decentralization and security, making it more capable of supporting the future of Web3, DeFi, and NFTs.

What Is Ether (ETH) Token Used for?

Ether (ETH) is the native cryptocurrency of the Ethereum blockchain and is essential for operating within the network. Its primary role is to pay gas fees, which are required for processing transactions and executing smart contracts on Ethereum. Without ETH, users cannot interact with dApps, including DeFi protocols, NFT platforms, Web3 games, and DAO governance systems.

ETH is also critical for securing the network through staking. Validators are required to stake ETH to propose and verify blocks under Ethereum’s Proof of Stake (PoS) consensus, earning rewards for their participation. Additionally, ETH functions as a store of value, a medium of exchange, and a unit of account in the broader Ethereum and Web3 ecosystems. It is commonly used in collateralized loans, yield farming, trading pairs, and cross-chain bridges, making it one of the most versatile and widely used assets in crypto.

To trade ETH on BingX, log in to your account, go to the Spot section, and search for the ETH/USDT or other ETH trading pairs. You can then place a market or limit order to buy or sell Ether instantly based on real-time liquidity.

What Is Ethereum Tokenomics?

Ethereum’s tokenomics refers to the economic design, supply mechanics, and utility of its native token, Ether (ETH), within the ecosystem. Unlike Bitcoin’s fixed supply, Ethereum has a dynamic supply model. As of June 2025, there are approximately 120 million ETH in circulation, but this number is gradually decreasing due to Ethereum’s burn mechanism introduced in EIP-1559.

Here are the core components of Ethereum's tokenomics:

• Supply and Issuance: ETH has no hard cap, but new ETH is issued through staking rewards. The transition to Proof of Stake (PoS) significantly reduced issuance - roughly 0.2% annual inflation, compared to 4% under Proof of Work.

• Burn Mechanism (EIP-1559): A portion of every transaction fee (base fee) is permanently burned, removing ETH from circulation. This can make ETH deflationary during periods of high network activity, as more ETH is burned than issued.

• ETH Staking Rewards: Validators earn ETH by securing the network. The more ETH is staked, the lower the annual yield, creating a balancing mechanism based on network participation.

• Gas Fees and Utility: ETH is required to pay gas fees for all operations on the network, giving it intrinsic demand. It is also used in DeFi, NFTs, Layer 2 rollups, and DAOs, reinforcing its position as Ethereum’s core economic asset.

How to Stake ETH Tokens on Ethereum Network

Staking ETH involves locking up your Ether to help secure the Ethereum network and earn passive rewards in return. Since Ethereum operates on a PoS consensus mechanism, staking is essential for validating transactions and maintaining decentralization.

There are three main ways to stake ETH:

1. Solo Staking (Direct Staking)

• You need a minimum of 32 ETH to run your own validator node.

• This requires technical skills, dedicated hardware, and 24/7 internet uptime.

• You earn rewards for proposing and validating blocks, but also risk slashing penalties for misbehavior or downtime.

• Recommended for advanced users or institutions.

2. Staking Ether via Pools

• Use a staking pool to combine your ETH with others.

• Platforms like Lido or Rocket Pool allow you to stake any amount of ETH.

• You receive liquid staking tokens (like stETH or rETH), which represent your staked ETH and can be used in DeFi.

3. Centralized Exchanges

• Staking ETH is also available on exchanges like BingX via BingX Earn.

• Just deposit ETH into your exchange wallet and opt into their staking program.

• The platform handles all the technical aspects, and you earn rewards with minimal effort.

How ETH Staking Rewards Work

Staking yields vary based on total network participation, typically ranging between 3% to 5% APR as of mid-2025. Rewards are paid in ETH and may be restaked or withdrawn, depending on the platform used.

Note: If you’re staking directly on Ethereum, you’ll need to update your withdrawal credentials to 0x02 format to enable unstaking and withdrawals.

Is Ethereum (ETH) a Good Investment?

Ethereum is widely considered a strong long-term investment due to its position as the leading smart contract platform and the backbone of the Web3 ecosystem. It powers thousands of decentralized applications (dApps), including DeFi protocols, NFT marketplaces, Layer 2 scaling solutions, and decentralized exchanges. With its successful transition to Proof of Stake (PoS), Ethereum now offers staking rewards, improved energy efficiency, and a deflationary mechanism through ETH burning (EIP-1559), all of which support long-term value appreciation.

Beyond its technical foundation, Ethereum has a robust developer community, a clear upgrade roadmap, and strong institutional interest. Major upgrades like Dencun and Pectra have improved scalability, staking efficiency, and user experience, while future upgrades like Fusaka and full danksharding aim to make Ethereum capable of handling over 100,000 transactions per second. As the demand for decentralized finance, tokenization, and Web3 services grows, Ethereum is well-positioned to capture significant value, making ETH a compelling asset for both retail and institutional investors.

How Is Ethereum Different From Bitcoin?

While both Ethereum and Bitcoin are decentralized blockchain networks, their purposes and functionalities are fundamentally different. Bitcoin (BTC) was created as a digital alternative to money, a peer-to-peer payment system and store of value. It has a fixed supply of 21 million coins and focuses on security and monetary policy stability. Bitcoin transactions are relatively simple, involving the transfer of BTC from one address to another, with limited programmability.

Ethereum (ETH), on the other hand, is a programmable blockchain designed to support smart contracts and dApps. Its native token, ETH, is not just used for payments but also to run dApps, pay gas fees, and stake in the network’s Proof of Stake system. Ethereum has a more flexible and evolving design, allowing developers to build DeFi platforms, NFT marketplaces, DAOs, and more. While Bitcoin is often seen as "digital gold," Ethereum is considered the foundation of Web3 and the decentralized internet.

What Are Ethereum Gas Fees and How Do They Work?

Ethereum gas fees are the transaction costs required to perform operations on the Ethereum network. Every action, whether it's sending ETH, interacting with a smart contract, or minting an NFT, requires computational resources. These actions consume “gas,” and users must pay for that gas in ETH. The amount you pay depends on the complexity of the transaction and the level of network congestion. Since the London Hard Fork (EIP-1559) in 2021, Ethereum uses a base fee system where a portion of the fee is burned (reducing ETH supply), and users can add a tip to incentivize faster processing. Gas fees are measured in gwei, a small unit of ETH. During periods of high demand, such as NFT drops or DeFi activity spikes, gas fees can rise significantly. Recent upgrades like Dencun and Pectra have helped reduce costs, especially for Layer 2 rollups, by introducing more efficient data structures like blobs.

How to Store Ethereum Securely

Storing ETH on BingX offers a secure and convenient option for users. BingX employs robust hot wallet security, including multi-signature mechanisms, real-time fund monitoring, private key encryption, and triple-stage withdrawal verification (using fund password, Google Authenticator, and SMS checks) to protect against unauthorized access. This makes it ideal for those actively trading or staking ETH on the platform, combining ease of access with industry-grade security, though it’s always wise to only keep trading amounts in hot wallets.

For long-term storage or large holdings, consider cold storage solutions like hardware or paper wallets. Hardware wallets (e.g., Ledger, Trezor) keep private keys offline, safe from online hacks, and are recommended for serious holders. Meanwhile, paper wallets, though more manual, remain highly secure when properly generated and stored (e.g., laminated and kept in a fireproof safe). Best practices include purchasing hardware wallets directly from manufacturers, keeping seed phrases offline, and segregating funds between hot wallets for daily use and cold wallets for long-term safekeeping.

What Is an Ethereum ETF and How Does It Work?

An Ethereum ETF (Exchange-Traded Fund) is a financial product that allows traditional investors to gain exposure to the price of Ether (ETH) without directly buying or holding the cryptocurrency. These ETFs can be either spot-based, holding actual ETH in secure custody, or futures-based, tracking Ethereum through regulated ETH futures contracts. Spot Ethereum ETFs, which began trading in the U.S. in mid-2024, function like traditional stock market ETFs. Investors can buy and sell shares through brokerage accounts, making ETH accessible within retirement funds, institutional portfolios, and other regulated environments.

Spot Ethereum ETFs work by allowing authorized participants to create or redeem ETF shares in exchange for real ETH, which helps maintain the fund’s price close to Ethereum’s market value. While these ETFs provide a safer and more convenient way to invest in Ethereum, they typically do not offer staking rewards, despite holding large amounts of ETH, due to regulatory limitations. Futures-based Ethereum ETFs, by contrast, are subject to tracking errors and rollover costs but remain an option for more speculative exposure. Overall, Ethereum ETFs offer an easy, regulated path for traditional investors to participate in Ethereum’s growth.

Is Ethereum (ETH) a Good Investment?

Ethereum is widely viewed as a strong long-term investment because it powers the world’s largest smart contract and decentralized application (dApp) ecosystem. It supports a wide range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and enterprise blockchain solutions, making ETH one of the most utilized cryptocurrencies in the market. Its transition to Proof of Stake (PoS) significantly reduced energy consumption and introduced staking rewards, while the EIP-1559 burn mechanism has added deflationary pressure by permanently removing a portion of ETH from circulation.

In addition to strong fundamentals, Ethereum’s future roadmap includes major upgrades like full danksharding (via the upcoming Fusaka upgrade) that aim to scale the network to support over 100,000 transactions per second. These developments enhance Ethereum’s ability to handle global adoption and institutional use. With continuous developer activity, ecosystem expansion, and growing institutional interest, such as the approval of Ethereum ETFs, ETH is positioned as both a technological backbone of Web3 and a valuable digital asset with long-term growth potential.

Information source

Official Website

Whitepaper

Ethereum (ETH) Price Converter

ETH to USD

1 ETH = $ 3,815.83

ETH to VND

1 ETH = ₫ 99,969,451.89

ETH to EUR

1 ETH = € 3,339.81

ETH to TWD

1 ETH = NT$ 114,246.07

ETH to IDR

1 ETH = Rp 62,956,360.38

ETH to PLN

1 ETH = zł 14,255.92

ETH to UZS

1 ETH = so'm 47,870,747.76

ETH to JPY

1 ETH = ￥ 572,304.28

ETH to RUB

1 ETH = ₽ 305,649.76

ETH to TRY

1 ETH = ₺ 154,900.38

ETH to THB

1 ETH = ฿ 124,722.44

ETH to UAH

1 ETH = ₴ 159,371.89

ETH to SAR

1 ETH = ر.س 14,313.65

Ethereum Price Converter

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