What is Ethereum?
Ethereum (or also known as ETH) is the second most popular cryptocurrency and is a very popular token to buy in Australia. Ethereum is a decentralised, open-source blockchain technology that uses Ether or ETH as its currency. Ethereum is a blockchain that can be used by developers to create and run decentralised applications (dApps), smart contracts and NFTs. Ether or ETH is used on the Ethereum network to pay transaction fees, commonly referred to as gas fees, used as collateral in DeFi and to buy NFTs.
- Market capThe current price of Ethereum multiplied by its current circulating supply.
- 24hr volumeThe total dollar value of all Ethereum transactions over the past 24 hours. Includes data from all exchanges, not just bitcoin.com.au.
- SupplyThe amount of Ethereum that is currently liquid and in circulation.