$ETH

The currency $ETH is the native digital currency of the Ethereum network, the second largest blockchain platform after Bitcoin, and is used to pay transaction fees and run smart contracts. ETH is considered the foundation of decentralized finance (DeFi) and decentralized applications (dApps) that operate on the Ethereum network. Since the network transitioned to a Proof of Stake mechanism in the "The Merge" update, ETH has become more energy-efficient and less prone to inflation due to the mechanism of burning a portion of the fees. ETH is also used as an investment asset and a source of funding on lending and borrowing platforms. Thanks to its flexibility and the strength of its community, ETH continues to play a pivotal role in the development of digital innovations, making it a key element in the future of the decentralized internet and modern financial technologies.