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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions
Bitcoin is at bullish 2020 highs while Ethereum transactions prove out DeFi’s fundamental use case.
Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion
Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.
Market Wrap: Bitcoin Hits $16.2K; Uniswap Crosses $3B Locked
Bitcoin’s price is making gains for the second day in a row as investors park more crypto in decentralized exchange Uniswap.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin’s price closed in on $16,000 before losing steam while over $20 million in ether is already staked for the Ethereum 2.0 upgrade.
Market Wrap: Bitcoin Flat at $15.3K; Crypto Locked in DeFi at All-Time High
Bitcoin’s price takes a break while DeFi value locked is at record levels.
Market Wrap: Bitcoin Drops as Low as $14.8K; ETH Options Open Interest at Record High
Bitcoin’s price performance has been choppy while ether options trading has gained steam.
Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi
Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.
Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020
The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.
Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction
A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap.
Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD
Bitcoin’s price bounced Wednesday as Ethereum transaction fee data shows a DeFi downturn.
