$ETH ETH generally refers to Ether, the native cryptocurrency of the Ethereum blockchain platform. Here is some relevant information about ETH:

Basic Information

- Issuance Date: First produced on July 30, 2015, in the Ethereum genesis block.

- Total Supply: There is no fixed total supply limit; its issuance relies on Ethereum's underlying protocol, and the issuance amount depends on the number of validators and the amount of Ether they stake.

Features and Uses

- Features: Characteristics include peer-to-peer payment, cryptographic protection, decentralized control, etc.

- Uses: Mainly used for address transfers on the Ethereum network; used to pay transaction fees on the Ethereum network, incentivizing block validators; can serve as transaction fees for deploying smart contracts; widely used in decentralized finance (DeFi) for activities such as lending and trading on decentralized exchanges.

Price Information

According to data from CoinMarketCap, as of January 2025, the price of ETH is $3215.37, with a 24-hour change of -$96.88, a decline of 2.925%.

Technical Upgrades

On September 15, 2022, Ethereum completed the "Merge" upgrade, transitioning its consensus mechanism from proof of work (PoW) to proof of stake (PoS), resulting in faster block generation and significantly reduced energy consumption.

Market Position

In the cryptocurrency market, Ether's market capitalization is second only to Bitcoin, making it the second-largest cryptocurrency in the market, holding a significant position in the blockchain and cryptocurrency sectors.