Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Ethereum price

Ethereum Price (ETH)

$3,786.26

0.81%
Rank #2

Ethereum Price Chart (ETH/USD)

Last updated 23 May 2024, 07:10AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 CITEX ETH / BTC $1,596.66 1.19% $1,121,789,378
2 Binance ETH / USDT $1,852.83 0.01% $552,314,095
3 Digifinex ETH / USDT $1,851.58 0.01% $263,507,542
4 XT.COM ETH / USDT $1,851.48 0.01% $248,350,393
5 BitMart ETH / USDT $1,851.61 0.01% $239,326,675
6 Coinbase Exchange ETH / USD $1,852.63 0.01% $217,720,112
7 Pionex ETH / USDT $1,887.26 0.01% $201,048,493
8 LATOKEN ETH / USDT $1,854.12 0.01% $188,085,594
9 CoinW ETH / USDT $1,852.28 0.02% $165,727,514
10 LBank ETH / USDT $1,852.51 0.01% $154,296,114
11 Bybit (Spot) ETH / USDC $1,850.44 0.01% $142,275,944
12 OKX ETH / USDT $1,853.56 0.01% $130,791,398
13 Bitrue ETH / USDT $1,833.43 0.07% $123,150,402
14 CoinTR ETH / USDT $1,851.06 0.08% $103,319,712
15 Bitget ETH / USDT $1,851.32 0.01% $100,934,533
16 Bybit (Spot) ETH / USDT $1,851.35 0.01% $99,039,895
17 Toobit ETH / USDT $1,887.81 0.02% $96,995,701
18 Binance ETH / BUSD $1,847.72 0.01% $95,163,247
19 P2PB2B ETH / USDT $1,852.11 0.01% $94,074,815
20 Gate.io ETH / USDT $1,851.69 0.01% $86,580,640
21 BTSE ETH / USD $1,853.74 0.01% $78,513,668
22 MEXC Global ETH / USDT $1,852.99 0.01% $77,700,191
23 WhiteBIT ETH / USDT $1,851.82 0.02% $75,485,516
24 Bit.com ETH / USDT $1,919.61 0.01% $68,814,170
25 XT.COM ETH / BUSD $1,851.46 0.01% $56,753,267
26 Coinsbit ETH / USDT $1,851.12 0.04% $56,639,005
27 P2PB2B ETH / BUSD $1,852.15 0.01% $55,773,931
28 Coinbase Exchange ETH / USDT $1,852.33 0.01% $54,467,954
29 Tidex ETH / USDT $1,851.37 0.07% $51,504,383
30 YoBit ETH / BTC $1,215.32 0.84% $47,432,314
31 Bitrue ETH / BTC $1,852.22 0.18% $45,614,512
32 DIFX ETH / USDT $1,851.93 0.03% $44,874,764
33 Binance ETH / BTC $1,851.25 0.02% $37,975,473
34 LBank ETH / BUSD $1,852.18 0.01% $36,689,601
35 Deepcoin ETH / USDT $1,852.31 0.01% $36,367,539
36 Kraken ETH / USD $1,853.19 0.01% $35,802,824
37 BingX ETH / USDT $1,851.86 0.02% $33,879,214
38 KuCoin ETH / USDT $1,851.17 0.01% $28,487,128
39 Crypto.com Exchange ETH / USDC $1,573.12 0.16% $28,022,176
40 Huobi Global ETH / USDT $1,851.19 0.01% $27,845,390
41 BitMake ETH / USDT $1,851.21 0.01% $27,712,983
42 Digifinex ETH / BTC $1,850.71 0.05% $27,588,438
43 WhiteBIT ETH / BTC $1,851.99 0.02% $26,067,009
44 Digifinex ETH / USDC $1,852.04 0.01% $25,798,986
45 Vindax BNB / ETH $1,272.51 2.95% $24,069,293
46 BigONE ETH / USDT $1,851.52 0.06% $21,319,924
47 LBank ETH / BTC $1,807.34 0.01% $20,426,389
48 Binance ETH / TUSD $1,853.07 0.01% $18,741,572
49 Pionex ETH / BTC $1,886.98 0.05% $17,069,638
50 Crypto.com Exchange ETH / USD $1,853.10 0.01% $16,453,336

ETH Price Statistics

$3,664
24H Range
$3,792
  • Ethereum Price Now $3,786
  • 24h Low / 24h High $3,664 / $3,792
  • Trading Volume $20,651,331,596
  • Market Cap Rank #2
  • Market Cap $455,056,130,430
  • Volume / Market Cap 0.0454
  • All-Time High $4,878 -22.35%
    Nov 10, 2021
  • All-Time Low $0 874,810.36%
    Oct 20, 2015


Ethereum: A Platform for Decentralized Applications

Ethereum is a groundbreaking open-source platform for decentralized applications, also known as Dapps. Launched in 2015 by Vitalik Buterin and a team of cryptocurrency researchers, Ethereum has been a fundamental part of the blockchain revolution. This article provides an overview of Ethereum, its underlying technology, and its broader implications for the future of finance and internet applications.

What is Ethereum?

Ethereum is a decentralized, open-source, blockchain-based platform that enables developers to build and deploy smart contracts and decentralized applications. It operates via its native cryptocurrency, Ether (ETH), used primarily for two purposes: as a digital currency like Bitcoin and as 'fuel' for the Dapps within the network.

The Ethereum Blockchain

Similar to Bitcoin, Ethereum operates on a blockchain; however, while Bitcoin's blockchain is used for tracking digital currency transactions, Ethereum's blockchain is used for running Dapps. The Ethereum blockchain has its own native programming language, Solidity, which developers use to write smart contracts and Dapps.

Smart Contracts

A central feature of Ethereum is its ability to execute smart contracts. These are self-executing contracts with the terms of the agreement directly written into code. They automatically execute transactions when predefined conditions are met, without the need for a third party, making transactions faster, cheaper, and more efficient.

Ethereum Transactions

To conduct transactions on the Ethereum network, participants need to spend Ether. Each transaction costs a certain amount of 'gas'. The 'gas' price is the amount of Ether that an individual is willing to spend on each unit of gas, paid to miners, to compensate them for the computational energy required to validate and record transactions.

The Impact of Ethereum

Ethereum's introduction of programmable blockchains has been transformative, enabling a plethora of decentralized applications ranging from decentralized finance (DeFi) to gaming and asset tokenization. The Ethereum platform has thus played a significant role in the shift towards a more decentralized internet, often referred to as Web 3.0.

Ethereum 2.0

Looking towards the future, Ethereum is in the process of implementing a major upgrade known as Ethereum 2.0 or "Eth2". This upgrade aims to address some of the scalability and security issues of the existing Ethereum network by transitioning from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) mechanism. This transition will also significantly reduce the energy consumption of the Ethereum network.

Conclusion

In summary, Ethereum is an innovative platform that has expanded the potential applications of blockchain technology beyond just digital currencies. Through its execution of smart contracts and facilitation of decentralized applications, Ethereum is helping to shape the future of the internet and finance.