$ETH Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain, the second-largest cryptocurrency by market capitalization after Bitcoin. Beyond being a digital currency, ETH fuels the Ethereum network, which serves as a decentralized platform for numerous applications.

It is essential for paying transaction fees, known as "gas," which are necessary to execute smart contracts and other operations on the blockchain. These smart contracts enable the creation of decentralized applications (dApps) and the automation of various processes without intermediaries.

ETH also functions as a store of value and a medium of exchange, traded on cryptocurrency exchanges globally. Its utility within the expanding Ethereum ecosystem contributes to its significance in the digital asset landscape.