$ETH In China, **$ETH** (Ethereum) is the second largest cryptocurrency after Bitcoin (BTC), and the Chinese community often refers to it as **Ether** or **ETH**. Here is the key information related to the Chinese market:
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### **1. Basic Situation of Ethereum in China**
- **Chinese Name**: Ethereum (yǐ tài fāng) or Ether (yǐ tài bì)
- **Core Uses**:
- Supports decentralized finance (**DeFi**) and decentralized applications (**DApp**).
- One of the main underlying platforms for NFTs (non-fungible tokens) and the Metaverse.
- Enterprise-level blockchain solutions (such as AntChain, Tencent Cloud's blockchain partially draws on Ethereum technology).
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### **2. Relationship Between Chinese Policies and ETH**
- **Cryptocurrency Trading Restrictions**:
- Since 2017, China has banned cryptocurrency
