#2 / L1 networksethereumPartially verified
Ethereum
The main settlement layer for DeFi, stablecoins, L2s, and tokenization.
Token
ETH
Sector
Settlement layer
Category
L1 networks
Organizations
10
Coverage
10/11
Live market data
ETH market
CoinGecko data; may be delayed.
Volume profile · 7 days
ETH key levels
Over the last 7 days, the price with the most traded ETH volume was $2,400 (POC). 70% of volume traded between $2,283 and $2,426 (value area).
Value area high (VAH)
$2,426
POC (most volume)
$2,400
Value area low (VAL)
$2,283
Previous session (UTC)
- VAL
- $2,323
- POC
- $2,334
- VAH
- $2,354
POC: price with the most traded volume. Value area: range holding 70% of volume. Price often reacts at these levels, but they are not buy or sell signals.
$2,525
$2,281
Data: OpenMarket · Binance Futures · updated Oct 26, 2026, 8:05 PM UTC. Educational content, not financial advice.
Daily Market Profile (VIP)Tokenomics
No declared max supply: no FDV is computable, supply follows demand.
- Circulating supply
- 122.16M
- Total supply
- 122.16M
- Max supply
- No cap
100.0% of the achievable supply is already circulating.
All-time high (ATH)
$4,946.05 -53.44% · Aug 24, 2025
Source: CoinGecko, snapshot of Oct 26, 2026. Figures may be delayed.
On-chain fundamentals
- Chain TVL
- $48.35B
Source: DefiLlama, data as of · Revenue is not reported by every protocol.. Figures are informational, not financial advice.
Why it matters
Ethereum is a decentralized smart contract network. Its ecosystem is coordinated by many independent teams; the Ethereum Foundation is the clearest mapped organization for protocol stewardship.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
Ethereum is a programmable settlement layer: the EVM executes contracts deterministically, every operation costs gas priced in ETH, and proof-of-stake validators (32 ETH each) propose and attest blocks with economic slashing on misbehavior. Since the 2022 Merge, the roadmap is rollup-centric: layer-2s execute transactions cheaply and post data to L1 for settlement, with dedicated blob space since 2024 lowering that cost further. The base layer optimizes for security and decentralization and lets execution scale above it.
Token utility
Gas for Ethereum transactions
Staking and validator security
Collateral and settlement asset across DeFi
Value capture
ETH is both the fuel and the productivity asset of the stack. Gas is burned under EIP-1559, so heavy usage can push net issuance negative — the ultrasound-money argument — with the honest caveat that the burn is conditional on activity: quiet periods net-emit. Staking converts ETH into a yield-bearing security deposit for validators, and every rollup pays L1 for its security in ETH, which is the structural claim that L2 growth feeds the base asset.
Supply and issuance
There is no hard cap, deliberately: the security budget scales with issuance, and a capped proof-of-stake asset would have to fund validators purely from fees. Genesis allocated around 72 million ETH, and post-Merge issuance is a fraction of the proof-of-work era; with EIP-1559 burns active, annual net supply change hovers around zero, negative in busy periods. Tracking net issuance, not headlines, is how to read it.
Governance
No on-chain governance decides protocol changes. An EIP process, core-developer calls, and independent client teams (Geth, Nethermind, and others) develop the protocol, with the Ethereum Foundation stewarding without controlling. Contentious decisions — the 2016 DAO fork being the canonical case — are resolved socially and then implemented in code. Client diversity is the governance resilience mechanism: no single implementation can push the network around.
Key risks
Execution can be expensive during demand spikes
Rollup fragmentation can dilute user experience
Regulatory debates around staking and applications
Frequently asked questions
Does Ethereum still inflate after the Merge?
Issuance dropped by roughly ninety percent at the Merge, and since EIP-1559 burns gas fees, net supply change depends on activity: heavy periods have been net-deflationary, quiet ones mildly inflationary. The accurate framing is a supply curve that responds to usage, not a fixed schedule in either direction.
If L2s take the transactions, what is Ethereum for?
For settlement and security. L2s execute cheaply but inherit their finality from L1, paying for data availability and validation in ETH. The design bet is that many rollups settling to one secure base creates more total value than one chain doing everything — and the fragmentation problems being worked on are the acknowledged cost of that bet.
References
Last verified:
- Ethereum - The complete guide from ethereum.org
Ethereum · ethereum.org · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapEthereum Foundation
Ethereum protocol foundation
foundationZug, Switzerland
Consensys
Ethereum software company
companyFort Worth, United States
Base
Coinbase-backed Ethereum L2
ecosystemGlobal
Arbitrum
Ethereum optimistic rollup
ecosystemGlobal
Optimism
Ethereum L2 and Superchain
ecosystemCayman Islands, Cayman Islands
Polygon
Ethereum scaling ecosystem
ecosystemGlobal
Uniswap Labs
DEX protocol and interface
daoNew York, United States
Aave
DeFi lending protocol
daoGlobal
Lido
Liquid staking protocol
daoGlobal
The Graph
Decentralized indexing
ecosystemGeorge Town, Cayman Islands
Relationships
Supported by
Ethereum Foundation
The Ethereum Foundation supports protocol research, grants, and ecosystem coordination. It does not control the network.
Relationship documented by the official source.
Uses infrastructure from
Nethermind
Nethermind develops and maintains an Ethereum execution client and related protocol infrastructure.
Relationship documented by the official source.
Uses infrastructure from
ChainSafe
ChainSafe develops Lodestar, an open-source Ethereum consensus client, alongside validator and protocol infrastructure.
Relationship documented by the official source.
Uses infrastructure from
Flashbots
Flashbots builds open Ethereum block-production and MEV infrastructure, including Flashbots Protect and MEV-Boost.
Relationship documented by the official source.
Related to
Bitcoin
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Contributors
Consensys
Listed as an organization active in this asset's ecosystem.
Directory suggestion, pending verification.
Contributors
Base
Listed as an organization active in this asset's ecosystem.
Directory suggestion, pending verification.
Contributors
Arbitrum
Listed as an organization active in this asset's ecosystem.
Directory suggestion, pending verification.
