Ethereum (ETH): price, chart and where to buy
📋 Index
Ethereum ETH
Ranked 2 by market capEthereum price history is temporarily unavailable.
Key figures
| Market cap Price multiplied by the number of units in circulation. | 248,743,063,696 € |
|---|---|
| 24h volume What changed hands in a day. Thin volume makes selling back hard. | 7,620,348,084 € |
| Fully diluted valuation What the project would be worth if every planned unit already existed. | 248,743,063,696 € |
| Circulating | 122,183,192 ETH |
| Total supply | 122,183,192 ETH |
| Maximum supply A hard cap is rare: most cryptocurrencies can issue indefinitely. | No cap |
| 24h range | 2,007.80 € – 2,060.10 € |
| All-time high The percentage shows how far today's price sits from that peak. | 4,229.76 € (-51.87 %) — 24/08/2025 |
| All-time low | 0.38 € — 19/10/2015 |
Where to buy Ethereum: the real cost of 500 €
| Exchange | You receive | Gap to market | |
|---|---|---|---|
| BloFin best price | 0,245526 ETH | 0.10 % | See the offer |
| Ourbit | 0,245434 ETH | 0.14 % | See the offer |
| Toobit | 0,245414 ETH | 0.15 % | See the offer |
We earn a commission on some links on this page. It affects neither the ranking, always based on real cost, nor the information shown.
The shift from digital currency to global computer
Most early blockchains functioned like simple digital ledgers. They recorded who sent what to whom. Ethereum changed the narrative. It introduced a programmable layer that allows developers to build decentralized applications. Have you ever wondered if a blockchain could do more than just move money? It acts as a massive, shared infrastructure. For those asking what is Ethereum or seeking a comprehensive Ethereum review, the answer lies in its ability to execute complex logic without a central authority.
⚠️ Observation: While many digital assets emphasize scarcity through a hard cap, this network prioritizes long-term utility by operating with no fixed limit on its total supply.
A vision of decentralization and its creators
The project was conceived by Vitalik Buterin and a group of developers who recognized the limitations of rigid protocols. They sought to create a “world computer” where code could run exactly as programmed. This ambition aimed to solve the problem of intermediary control in finance and data. Why settle for a single-use tool? The team built a Turing-complete environment. This means any software can theoretically run on the chain. Today, the protocol stands as a pillar of the industry, consistently holding the position of number 2 by market capitalization.
💡 Tip: Distinguish the protocol itself from the token ETH, which serves as the fuel required to process every transaction on the network.
Technical foundations: how the machine operates
The network functions through a distributed system of global participants. It utilizes a consensus mechanism known as Proof of Stake to validate data. In this system, individuals lock their tokens to secure the environment. This process replaces energy-intensive mining with a model based on economic participation. Does the system ever sleep? It operates 2024/7 across thousands of nodes. Every action on the chain is transparent and immutable.
| Consensus mechanism | Proof of Stake |
| Maximum supply | No fixed limit |
| Primary function | Smart contract execution |
| Historical peak date | 2025-08-24 |
🚫 Pitfall: Assuming that a lack of a supply limit leads to infinite inflation, ignoring the protocol’s mechanisms that burn a portion of transaction fees.
Modern applications and the utility of ETH
Beyond its initial goal, the ecosystem now hosts an entire financial universe. It powers decentralized finance (DeFi) and the creation of unique digital assets. ETH reveals its true value through these smart contracts. Users pay for computational power using the native token. This demand creates a constant flow of activity. The network reached a significant milestone during its all-time high on August 24, 2025. This growth reflects its role as the primary settlement layer for diverse digital economies. It remains a foundational technology for the future of the internet.
How is the Ethereum network secured?
The security relies on a Proof of Stake mechanism where validators lock ETH to participate in the network. These participants are responsible for checking and batching transactions into blocks. If they act dishonestly, they risk losing their locked assets. This economic incentive ensures that the history of the ledger remains tamper-proof and reliable for all users.
What is the purpose of the ETH token?
ETH serves as the primary currency for paying “gas fees” to execute operations on the blockchain. It is also used by validators as collateral to secure the network and earn rewards. Beyond these technical roles, it acts as a medium of exchange within thousands of decentralized applications. Without this token, the global computer would lack the fuel necessary to process any instruction.
Does Ethereum have a maximum supply?
Unlike some other protocols, Ethereum has no fixed limit on the total number of tokens that can exist. The supply is managed by a balance between new issuance for security rewards and a burning mechanism that removes tokens from circulation during high activity. This dynamic model is designed to sustain the network’s security indefinitely. It adapts to the actual usage of the infrastructure rather than following a rigid, pre-set scarcity schedule.
