$ETH
🔥 Little-Known Ethereum (ETH) Facts
Born from Bitcoin’s limitations
Vitalik Buterin wanted more than just a payment system — a platform where smart contracts and apps could run.
First smart contract platform
Thousands of tokens, NFTs, DEXs, and games are built on Ethereum today.
Gas fees can be higher than the transaction itself
In 2021, network congestion pushed gas fees higher than the value of some transfers.
Unlimited supply
Unlike Bitcoin’s 21M cap, ETH has no max supply. But since EIP-1559, a burn mechanism permanently removes some ETH from circulation.
Shifted to Proof-of-Stake (PoS)
In 2022, “The Merge” ended mining. Now validators secure the network by staking ETH.
Backbone of DeFi & NFTs
Platforms like Uniswap, OpenSea, Aave, and Compound mostly run on Ethereum.
Ethereum 2.0 is still evolving
Shard chains and scaling upgrades are expected to make ETH faster and cheaper in the future.