ETH

Ethereum price

ETH
Favorite

$4,165.21

-$42.33 (-1.01%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$494.90B
Volume (24h)
$27.45B
Circulating supply
118,373,851

Trade

Spot
Margin
Contract
Options
PairLast priceToday's changeAction
ETH/USDT
₮4,165.21$4,165.21
-1.01%
Learn about spot
Overview
Analysis

About Ethereum (ETH)

Ethereum is the name of the public blockchain network whose native token is Ether (ETH).

The network, unlike Bitcoin, acts like a decentralized computer using a "Turing complete" language, which allows it to process advanced computations.

Ethereum's computational functionality means developers can write and deploy smart contracts on the network.

These digital agreements automatically execute when predefined conditions are met, and they form the backbone of decentralized applications, or "DApps," on the network.

The Ethereum network went live in 2015. However, it was not until 2017 that it started to attract wider attention. That year, the network became the dominant platform for launching initial coin offerings, which helped drive ETH's price to more than $1,400 during the 2017 crypto bull market.

More recently, Ethereum has been the main blockchain supporting the emerging decentralized finance sector — i.e., a growing number of DApps allowing permissionless access to a host of financial services. This adoption has also had a positive impact on Ethereum price.

Ethereum currently uses a proof-of-work algorithm to reach consensus among its distributed network of nodes. However, the ongoing Ethereum 2.0 upgrade will transition the network to a less resource-intensive consensus mechanism called proof-of-stake.

Rather than relying on power-hungry hardware, proof-of-stake requires Ethereum transaction validators to lock at least 32 ETH in a staking smart contract. The network then selects stakers at random to process and confirm transactions and computations.

A staker receives newly minted ETH for correctly validating transactions, while any attempts at network manipulation result in the stake being "slashed," or lost. The OKEx platform provides easy access to ETH staking without the hassle of setting up an Ethereum staking node yourself.

Learn more about Ethereum (ETH)

About the founders

Gavin WoodCTO

Gavin Wood, a PhD in computer science at the University of York in the UK, is a brilliant software engineer and a doer.

Jeffrey WilckeCo-Founder

Ethereum FAQ
Where to buy Ethereum?

It's easy to buy Ethereum's native currency, Ether, right here on OKEx. If you already have an account with us, just sign in, choose the amount you want to buy and confirm your purchase. You'll receive the best ETH/USDT price, and we'll transfer your Ether to your account wallet.

If you don't have an OKEx account, setting one up only takes a few minutes. New users can also avail sign up bonuses.

How does Ethereum work?

Ethereum is a decentralized blockchain network. The platform allows developers to deploy smart contracts and autonomous applications while a distributed network of nodes validates and adds new data to the blockchain.

Like Bitcoin, Ethereum doesn't rely on a central authority to process transactions or issue additional ETH. This means that anyone can use Ethereum and deploy permissionless smart contract-based DApps, such as the ones we see in the DeFi space.

Currently, Ethereum achieves consensus among nodes using a proof-of-work system similar to Bitcoin. This is, however, set to change to a proof-of-stake consensus mechanism as part of an ongoing network upgrade. Staking is already live on an early implementation of Ethereum 2.0. Users should check out OKEx's Ethereum staking services if they are interested in generating passive income by staking ETH.

How many Ethereum coins are there?

As of January 2021, there are just less than 115 million ETH in circulation. Unlike Bitcoin, there is no hard cap on the number of ETH that will ever be created. New Ether enters circulation via a similar block reward structure to BTC. However, Ethereum's block reward does not reduce over time.

The idea behind ETH's unlimited supply is to incentivize transaction validators in the future. There is currently a disagreement in the cryptocurrency industry over whether Bitcoin mining will be profitable enough to incentivize miners when block rewards cease, which is expected to happen around the year 2140. The Ethereum network removes this uncertainty by continuing to reward validators.

How to trade Ethereum?

Buying and selling Ethereum on OKEx is both straightforward and secure. We offer a range of options for users of different experience levels.

If you're new to crypto, we provide a user-friendly option to instantly buy ETH. Just visit our quick trade section to buy Ether at the best price with a range of popular payment methods.

More advanced users and active traders should visit OKEx's world-leading cryptocurrency exchange markets. We provide a range of different buy and sell order types, as well as derivatives trading to meet the most sophisticated trading strategies.

What does ETH mean?

ETH is the ticker symbol used by exchanges like OKEx in order to refer to Ethereum's native cryptocurrency, Ether. Although the digital asset itself is officially named Ether, many people use "Ethereum" to refer to both the network and its native asset.

ETH is often described as fuel for the Ethereum network. Users must pay fees (known as gas) to make transactions between wallets, deploy smart contracts or interact with decentralized applications. This creates demand, which pushes up ETH's price.

BuySellConvert
Buy ETH
¥
CNY
Buy now

Invite a friend to get $15

Know someone curious about crypto?View Details

Ethereum price statistic

Price today
Ethereum price
$4,165.21
Price change (24h)
-$42.33
-1.01%
Low and high (24h)
$4,063.43Low
$4,344.90High
Volume (24h)
$27.45B
Circulating supply
118,373,851
Market cap
$494.90B

Found any mistakes?

Ethereum FAQ
Where to buy Ethereum?

It's easy to buy Ethereum's native currency, Ether, right here on OKEx. If you already have an account with us, just sign in, choose the amount you want to buy and confirm your purchase. You'll receive the best ETH/USDT price, and we'll transfer your Ether to your account wallet.

If you don't have an OKEx account, setting one up only takes a few minutes. New users can also avail sign up bonuses.

How does Ethereum work?

Ethereum is a decentralized blockchain network. The platform allows developers to deploy smart contracts and autonomous applications while a distributed network of nodes validates and adds new data to the blockchain.

Like Bitcoin, Ethereum doesn't rely on a central authority to process transactions or issue additional ETH. This means that anyone can use Ethereum and deploy permissionless smart contract-based DApps, such as the ones we see in the DeFi space.

Currently, Ethereum achieves consensus among nodes using a proof-of-work system similar to Bitcoin. This is, however, set to change to a proof-of-stake consensus mechanism as part of an ongoing network upgrade. Staking is already live on an early implementation of Ethereum 2.0. Users should check out OKEx's Ethereum staking services if they are interested in generating passive income by staking ETH.

How many Ethereum coins are there?

As of January 2021, there are just less than 115 million ETH in circulation. Unlike Bitcoin, there is no hard cap on the number of ETH that will ever be created. New Ether enters circulation via a similar block reward structure to BTC. However, Ethereum's block reward does not reduce over time.

The idea behind ETH's unlimited supply is to incentivize transaction validators in the future. There is currently a disagreement in the cryptocurrency industry over whether Bitcoin mining will be profitable enough to incentivize miners when block rewards cease, which is expected to happen around the year 2140. The Ethereum network removes this uncertainty by continuing to reward validators.

How to trade Ethereum?

Buying and selling Ethereum on OKEx is both straightforward and secure. We offer a range of options for users of different experience levels.

If you're new to crypto, we provide a user-friendly option to instantly buy ETH. Just visit our quick trade section to buy Ether at the best price with a range of popular payment methods.

More advanced users and active traders should visit OKEx's world-leading cryptocurrency exchange markets. We provide a range of different buy and sell order types, as well as derivatives trading to meet the most sophisticated trading strategies.

What does ETH mean?

ETH is the ticker symbol used by exchanges like OKEx in order to refer to Ethereum's native cryptocurrency, Ether. Although the digital asset itself is officially named Ether, many people use "Ethereum" to refer to both the network and its native asset.

ETH is often described as fuel for the Ethereum network. Users must pay fees (known as gas) to make transactions between wallets, deploy smart contracts or interact with decentralized applications. This creates demand, which pushes up ETH's price.