ETH • Messari-backed research

Ethereum Research

Ethereum is still the default smart-contract benchmark for DeFi, stablecoins, and tokenized activity despite increasing competition from faster chains.

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Key takeaway

Ethereum is still the default smart-contract benchmark for DeFi, stablecoins, and tokenized activity despite increasing competition from faster chains.

Key metrics

Price$2.35K
Market cap$283.33B
24h real volume$19.62B
24h change8.56%
Messari rank2
CategoryNetworks
SectorSmart Contract Platform

How to frame this asset

  • Messari rank #2 by tracked market cap.
  • Price is up 8.56% over the last 24 hours.
  • Real volume over the last 24 hours is about $19.62B.
  • Tracked market cap is roughly $283.33B.
  • Best for users comparing ecosystem depth, DeFi access, and long-term platform risk.

[Ethereum](https://ethereum.org/en/) is a distributed blockchain computing platform for [smart contracts](https://ethereum.org/en/smart-contracts/) and decentralized applications. The network enables users to build extensively through the use of smart contracts and has since led to the creation of various new assets and industries, such as Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Decentralized Autonomous Organizations (DAOs), [Web3](https://ethereum.org/en/web3/), and more. It features an execution engine optimized for smart contract processing, the [Ethereum Virtual Machine](https://ethereum.org/en/developers/docs/evm/) (EVM), and a [Proof-of-Stake](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#what-is-pos) (PoS) consensus mechanism.

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