$ETH is not just the second largest cryptocurrency by market capitalization after Bitcoin. It is a full-fledged platform for creating decentralized applications (dApps) and smart contracts. Here’s what you need to know right now:

• Current price: ~$3,150 (as of April 26, 2025)

• Market capitalization: ~$378 billion

Recent events:

• The Dencun upgrade was completed in March 2025, which implemented "blobs" (EIP-4844) — they significantly reduced fees in Layer 2 (L2) networks.

• Increased activity in the Optimism, Arbitrum, and Base ecosystems is driving demand for ETH for staking and gas payments.