Ethereum is primarily used as an electronic database, or ledger, for applications and services to store transaction information and execute smart contracts. The blockchain is frequently used by decentralized applications, otherwise known as DApps, which are programs that operate over distributed networks like Ethereum and do not rely on a central authority or intermediary. Given how Ethereum allows for smart contracts to be written onto its blockchain, DApps are able to ensure the trust and validity of any transactions executed as users engage with them.
Recently, Ethereum has become the blockchain of choice for the decentralized finance, or "DeFi," industry. Many DeFi providers use Ethereum and its smart contract capabilities in order to provide financial services — such as lending and peer-to-peer trading — all without the need for traditional, centralized institutions such as banks.
Ethereum's native cryptocurrency, Ether (ETH), is also frequently bought and sold as an asset. On exchanges like OKEx, ETH can be traded on spot markets or through derivatives such as ETH futures and ETH options contracts. OKEx provides a simple, secure and convenient platform for monitoring Ether's price, including live feeds and ETH price charts, as well as for trading Ether as an asset. It only takes a few clicks to start trading ETH on OKEx using our desktop and mobile platforms.