$ETH Ethereum is a decentralized, open-source blockchain system that includes its own cryptocurrency, Ether (ETH). It allows developers to create and deploy smart contracts and decentralized applications (dApps). Here’s a brief overview ¹²:

- *Market capitalization*: $311.55 billion USD

- *Current price*: $2,558.01-$2,575.60 USD

- *24-hour trading volume*: $32.88 billion-$37.94 billion USD

- *Circulating supply*: 120.72 million ETH

*Key features:*

- *Smart contracts*: Automated contracts with terms written directly into the code

- *Decentralized applications*: Run on the Ethereum network without centralized control.

- *Non-fungible Tokens (NFTs)*: Unique digital assets that represent art, collectibles, and more

- *Decentralized Finance (DeFi): Financial instruments and services built on the Ethereum network

*How Ethereum Works:*

- *Proof-of-Stake Consensus*: Validators stake ETH to secure the network and validate transactions

- *Gas Fee*: Transaction fees paid in ETH to miners for processing transactions.