$ETH Ethereum is not just a cryptocurrency, but the largest decentralized platform in the world for creating applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs). This massive utility is what keeps it consistently among the top trends on Binance. Recently, the focus has been on its transition to Proof-of-Stake (PoS) and the ongoing updates, such as Layer 2 (L2) solutions, which aim to increase its scalability and reduce high transaction fees (gas fees). The value of ETH is intrinsically linked to the success of its ecosystem: the more projects built on its network, the greater the demand for the asset to pay for transactions. On Binance, the ETH pair is one of the most traded, as traders bet on its role as the backbone of the next generation of the web. Speculation around the possible approval of a spot Ethereum ETF has further spiked interest and volumes, solidifying it as a fundamental investment after Bitcoin.
ETH
3,129.41
-1.42%