Introduction. $ETH
Ethereum (ETH) $ETH stands as one of the most significant cryptocurrencies in the digital asset space, second only to Bitcoin$BTC in market capitalization. On Binance, Ethereum is not only actively traded but also plays a crucial role in the broader ecosystem of decentralized finance (DeFi), NFTs, and smart contracts.
What Is Ethereum?
Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced the concept of smart contracts—self-executing agreements written in code. Unlike Bitcoin, which is primarily a digital store of value, Ethereum is a platform for building decentralized applications (dApps). It runs on a decentralized virtual machine known as the Ethereum Virtual Machine (EVM).
Ethereum on Binance
Binance, the world’s leading crypto exchange, offers extensive support for Ethereum. Traders and investors can:
Buy/Sell ETH through spot and futures trading.
Stake ETH to earn rewards through Ethereum 2.0 staking pools.
Use ETH in DeFi services like Binance Earn and Liquidity Farming.
Withdraw ETH to external wallets and DeFi platforms easily.
Ethereum is paired with multiple fiat currencies and cryptocurrencies on Binance, including BTC, USDT, BNB, and more, making it highly accessible.
Recent Trends
As of May 2025, Ethereum has shown a steady price increase, currently trading around $2,762.65, with a 24-hour rise of 4.75%. This growth is driven by increasing adoption of decentralized applications, the rise of Layer 2 solutions, and continued interest in NFTs and Web3 technologies.
Why Ethereum Matters
Ethereum is the foundation for thousands of tokens and projects, including popular ones like Uniswap (UNI), Chainlink (LINK), and USDC. Its ongoing upgrade to Ethereum 2.0—transitioning from Proof of Work (PoW) to Proof of Stake (PoS)—is aimed at reducing energy consumption and increasing scalability, making it more future-proof.
