The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Ethereum market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price. Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
The crypto market posted modest gains Wednesday, rebounding after two days of volatility. The uptick followed two major developments: the Senate’s passage of President Donald Trump’s “One Big Beautiful Bill” (OBBA) and the announcement of a new trade deal with Vietnam.
Bitcoin (BTC) is up 3.2% over the past 24 hours and is currently trading at around $109,400, while Ethereum (ETH) shot up nearly 6% to $2,560. Solana (SOL) climbed by 3.6% to $153, and XRP rose 3.2% to $2.26.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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0
Annika Lewis
"Stablecoins, stablecoins, stablecoins"
Andy
ETHCC takeaways:
- stablecoins, stablecoins, stablecoins
- robinhood & arbitrum won the mindshare of the entire week
- polygon brand feels “back” with Katana and just general feel
- ethereum DeFi is in its strongest form since inception
- nfts…well, haven’t heard a single thing about them
- aave, ethena, etherfi are winning mindshare & real adoption
- everyone wants to focus on institutional & compliant DeFi…feels like a necessary evil
- haven’t heard any ETH to $10K targets, probs bullish
- ppl are relaxed but focused, even being in Cannes
- lots of new projects I’ve not heard of
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1
GemsScope
The first-ever crypto meme is back!!
Bitcoin Roller Coaster Guy born in 2012 and became a symbol of every pump, every crash, and every true Bitcoiner’s journey
Now, it’s finally on Ethereum.
$BRCG launching on Sunday at 7 pm UTC!
TG:
774
6
CryptoSlate
Bitwise Chief Investment Officer Matt Hougan predicted that Ethereum exchange-traded funds (ETFs) could experience up to $10 billion in inflows during the second half of 2025.
His forecast, made on July 2, builds on the strong momentum observed over the past months, with Ethereum ETFs already bringing in $1.17 billion in inflows in June alone.
According to SoSoValue data, Ethereum ETFs have seen total inflows of approximately $1.5 billion for the first half of 2025, despite a brief dip in March when $403 million was pulled out.
Ethereum ETFs’ Capital Flows in 2025 (Source: SoSoValue)
These funds have recorded inflows in five of the year’s first six months, underlining the sustained investor interest and bolstering Hougan’s optimistic outlook for the remainder of the year.
Ethereum appeals to institutional investors
Hougan attributes the growing interest in Ethereum to its expanding role as a platform for tokenized assets, including stocks and stablecoins.
The Bitwise executive believes that integrating these assets onto Ethereum provides a straightforward narrative that traditional investors can easily grasp.
According to him:
“Flows into Ethereum ETFs are going to accelerate significantly in H2. The combination of stablecoins & stocks moving over Ethereum is an easy-to-grasp narrative for traditional investors.”
Ethereum has firmly established itself as the backbone of the crypto industry. Its dominance in the stablecoin market and increasing adoption by major institutions like BlackRock and Robinhood for asset tokenization have made it a key player in the sector.
Other factors
Meanwhile, the anticipated approval of staking-enabled Ethereum ETFs will be another major catalyst for Ethereum ETF growth in the year’s second half.
The US Securities and Exchange Commission (SEC) recently clarified that crypto staking does not qualify as securities offerings. Market observers believe this guidance paves the way for new Ethereum-based financial products, which would attract more attention to the current spot ETFs.
Additionally, the Ethereum network itself is undergoing significant upgrades, with the Ethereum Foundation focusing on scalability through developments like the Pectra upgrade and the upcoming Glamsterdam release.
Market observers believe these enhancements will solidify Ethereum’s infrastructure and position the network for long-term success.
The post Ethereum ETFs forecast to attract $10 billion by late 2025, says Bitwise CIO appeared first on CryptoSlate.
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DeFi News
The Ethereum ecosystem has been the most affected by security incidents in the first half of 2025, according to a mid-year report by blockchain security firm SlowMist.
Out of 121 total recorded incidents, Ethereum-related projects suffered around $38.6 million in losses. DeFi platforms were the most frequent targets, accounting for 92 incidents and roughly $470 million in losses, or about 76% of all attacks during the period.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The current price of Ethereum is $2,601.70. Over the last 24 hours, Ethereum has increased by +7.70%. It currently has a circulating supply of 120,717,389 ETH and a maximum supply of 120,717,389 ETH, giving it a fully diluted market cap of $313.68B. At present, Ethereum holds the 2 position in market cap rankings. The Ethereum/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Ethereum (ETH) is an open-source, decentralized blockchain network that builds on Bitcoin's blockchain innovation, with some significant differences and improvements. Its native coin, Ether, can be used for digital payments and functions as a software platform for creating and deploying immutable decentralized applications (DApps) or smart contracts.
Ethereum is the second largest cryptocurrency by market capitalization, second only to Bitcoin. Ethereum changed the cryptocurrency industry by introducing smart contract functionality to blockchain networks. Smart contracts allow users and developers to access emerging industries like decentralized finance (DeFi).
Because of the seemingly limitless possibilities of blockchain technology and smart contract functionality, Ethereum has produced several multi-billion dollar industries. These include DeFi, play-to-earn crypto gaming, and the wildly popular non-fungible token (NFT) industry. Today, the Ethereum blockchain is home to over 2,900 different projects and has processed over $11 trillion in value.
Like stablecoins, including Tether (USDT) and USD Coin (USDC), Ethereum's native token, Ether, is used to pay transaction fees when completing transactions on the network. It's also a currency exchange for digital assets stored on the blockchain, like NFTs. Following the Ethereum Merge, ETH will be used to secure the network and produce new blocks.
What sets Ethereum apart?
The Ethereum network is designed to serve as a global computer that anyone can use. It aims to give users complete control of their digital assets and allow them to access tools and services traditionally controlled by centralized entities.
For example, on the Ethereum blockchain, anyone can provide digital assets as collateral and take out an instant loan. In the traditional finance world, this process would be governed by the jurisdiction of a centralized company. With Ethereum, every aspect of this function is handled entirely by smart contracts on the blockchain. This removes the requirement for partial intermediaries.
The blockchain can also make any program censorship-resistant, robust, and less vulnerable to fraud by running and offering it on a distributed network of worldwide public nodes.
In the spirit of decentralized ownership, anyone can submit governance proposals that they believe can improve Ethereum for the collective good of the project. After a proposal is submitted, holders of the Ether token can vote on its outcome. By doing so, the Ethereum community is responsible for guiding developments to the network.
How does ETH work?
When the Ethereum blockchain was initially launched in 2015, it employed a Proof of Work (PoW) consensus algorithm. In this model, new ETH tokens were created and distributed to miners as rewards for producing new blocks and securing the network.
This means that high-powered computational hardware installations, called mining rigs, compete against each other to solve complex equations in the mining process. The first miner to solve the equation earns the right to lead the production of new blocks on the network and is rewarded with new tokens as an incentive. This is also the same model employed by the Bitcoin network.
The Ethereum blockchain also has an account-based architecture. An Ethereum account is essentially an entity that holds an Ether balance and can initiate transactions on the Ethereum blockchain. There are two types of Ethereum accounts.
The first is "external accounts", which users control and manage through their private keys. The second is "contract accounts", known as smart contracts, and it's governed by code. Both these accounts can hold, receive, and send ETH and other Ethereum tokens and interact with smart contracts deployed on the blockchain.
External accounts can initiate transactions with other external accounts and smart contracts. The smart contracts kick in only when interacting with external accounts or other smart contracts. They can only respond by triggering code (involving multiple actions), transferring tokens, or even creating new smart contracts.
Ethereum's technology
Unlike Bitcoin, which uses a distributed ledger, Ethereum employs a distributed "state machine." Ethereum's "state" at any given point is a large data structure incorporating accounts and balances and the "machine's state" at that time.
It also encompasses the ability to host and execute many low-level machine code. This "state" keeps changing from block to block, and the Ethereum Virtual Machine (EVM) defines the rules for changing it.
The Ethereum network has a host of use cases, with the ability to create and deploy smart contracts being central to all of them. This functionality allows developers to produce various decentralized applications on the platform, including crypto wallets, decentralized exchanges (DEX), DeFi protocols, NFT marketplaces, play-to-earn games, and more.
Ethereum token standards
Ethereum’s token standards, like ERC-20 and ERC-721, have been extensively used to create fungible and non-fungible tokens, therefore contributing to various multi-billion-dollar projects. ERC-721 standard-based NFTs, in particular, pioneered the NFT industry, which had a global market cap of $75.89 billion as of May 2024.
ERC-1155 is a token standard on the Ethereum blockchain that allows for the creation of fungible (identical) and non-fungible (unique) tokens within the same contract. This makes it a more efficient and flexible solution for developers to create and manage multiple types of tokens simultaneously. Meanwhile, ERC-777 brought "Hooks" to the Ethereum network. Hooks is a function that bundles the action of sending tokens and notifying a contract into one message, improving the efficiency of smart contracts. ERC-777 is also backward-compatible with the ERC-20 standard, which helps extend the functionality of ERC-20.
Any time users transfer ETH or Ethereum-based tokens or interact with any application hosted on the platform, they must pay ETH as gas fees. In the future, ETH will also be used for validation purposes on the new Proof of Stake (PoS) Ethereum blockchain, with active validators required to stake 32 ETH to qualify for the job.
What's the Ethereum Virtual Machine (EVM)?
Introduced in 2015, the Ethereum Virtual Machine (EVM) is the Ethereum blockchain's heart. EVM is the environment where all the Ethereum accounts and smart contracts reside. It's a computation engine — also known as a virtual machine — that functions like a decentralized computer housing millions of executable projects.
In other words, EVM makes up the bedrock of Ethereum's complete operating structure. As a single entity, EVM is simultaneously maintained by thousands of interconnected computers (nodes) running an Ethereum client.
What's the Ethereum Merge?
As Ethereum's demand grew, the network's core architecture also started showing signs of congestion, and the average gas fee per transaction rose significantly. Hence, one of the Ethereum blockchain's biggest challenges is its exorbitant gas fees at times of high network congestion. For example, in May 2021, the average cost for a basic transaction on the network was around $71.
Formerly known as Ethereum 2.0, the Ethereum Merge is a multi-year event that gradually moves the Ethereum blockchain from its PoW to the PoS consensus mechanism. While the transition will not instantly solve the high gas fees problem, it will make Ethereum a more environmentally friendly and efficient blockchain network.
In the PoW system, Ethereum miners compete with each other, using expensive computational resources, to add new blocks to the chain and earn ETH rewards in return. In the PoS model, however, they'll no longer need to mine the blocks.
Instead, they'll create and add new blocks when chosen to do so and validate others' blocks when not. To earn the right to become a validator, they must stake 32 ETH with the network. Furthermore, since there will be no competition between validators, they'll no longer require expensive and advanced hardware like mining rigs for the job.
Although the Ethereum team has been planning this transition since 2016, it initiated the process with its PoS Beacon Chain launch on December 1, 2020.
This marked phase zero of a three-phase process that will see Ethereum transitioning from a singular PoW chain to a multi-chain PoS network. Below are these three phases and how they intend to transform Ethereum.
Phase 0 (Beacon Chain)
This involved the launch of Beacon Chain, a PoS blockchain running parallel to the original PoW Ethereum mainnet. In addition, it laid the groundwork for future upgrades to Ethereum. As of writing, over 410,000 validators on Beacon Chain have staked over 13 million.
Phase 1 (The Merge)
Executed on September 15, 2022, The Merge involved merging the Beacon Chain with the existing Ethereum blockchain, entirely replacing the latter's PoW model with the former's PoS system. Post Merge, the original Ethereum blockchain has become the new network's "execution" layer, while the Beacon Chain has become its "Consensus" layer.
Phase 2 (Sharding)
Sharding was supposed to be the second and final phase of the Merge. The plan was to spread the network's load across 64 new shard chains. The current PoW Ethereum chain would have become one of the 64 shards, simplifying the process of running a mining node by reducing the data load. However, this plan was dropped from the roadmap due to the positive impact Layer-2 rollups have had on the network's scalability.
Instead, Ethereum Improvement Proposal (EIP)-4844 — also known as Proto-Danksharding — was introduced on March 13, 2024 as part of the Dencun Upgrade. One of Ethereum's most significant developments to date, the Dencun Upgrade was designed to reduce transaction costs and improve overall data throughput on the network. Proto-Danksharding supports the scalability fixes brought by Ethereum's various Layer-2 solutions, making it an adequate replacement for the shard chains originally proposed for phase two of the Ethereum Merge. Meanwhile, the Dencun Upgrade also brought 'blobs' to the network as an additional solution to Ethereum's scalability limitations. Blobs are large data structures that allow transactions to be settled at Layer-2, streamlining the network's operations and supporting future scalability improvements.
ETH price and tokenomics
In July 2014, the Ethereum Foundation launched the ETH initial coin offering (ICO). During this public sale event, roughly 60 million ETH was distributed to buyers at an initial exchange rate of 2000 ETH to 1 BTC. At the time, the Ethereum price was at approximately $0.31. Ether tokens were distributed to buyers at the genesis block of the Ethereum network.
When the Ethereum mainnet was launched, the initial supply of ETH tokens was approximately 72 million. While most of these tokens were allocated to early supporters, 16.73 percent of the supply was distributed to the Ethereum Foundation.
Since the genesis block of the Ethereum mainnet, roughly 48 million ETH has been added to the supply via token generation. New ETH tokens are generated and distributed to miners via block rewards, making Ethereum an inflationary cryptocurrency. While the EIP-1559 London Hard Fork update introduced some deflationary mechanics, these currently don't entirely offset the Ethereum inflation.
Emissions of Ethereum block rewards have been steadily declining over time. When the network was launched, new Ether was produced at 5 ETH per block. These rewards were given to miners as an incentive for securing the network and validating transactions. In October 2017, as part of the EIP-649 proposal, this emission rate was reduced to 3 ETH per block.
The ETH price reached its all time high of $4,878.26 on November 10, 2021, at the tail end of a bull market. 2022 saw the arrival of a protracted bear market for crypto, which lead the Ethereum price from its all time high down as low as $1,049.23 before the end of June 2022. The Ethreum price recovered but remained volatile into and throughout 2023, until the closing months of the year brought positive sentiment and a fresh bull market, helped by the arrival of a Spot Bitcoin ETF in January 2024. Following the Spot Bitcoin ETF's approval, there was much speculation around the possibility of an imminent Spot Ethereum ETF, which helped fuel an ETH price rise to $3,890 in early March 2024.
About the Spot Ethereum ETF
The possibility of a fully approved spot Ethereum ETF took a major step forward on May 23, 2024 when the U.S. Securities and Exchange Commission (SEC) approved issuers' 19b-4 filings. This development followed a remarkable about-turn in the spot ETH ETF story, as many commentators were bearish on the possibility of approval during 2024. The green light on the 19b-4 filings is by no means the final hurdle. Next, the SEC must approve issuers' S-1 filings before funds can be openly offered to interested traders. It's unclear when this final approval will occur, but many expect the process to take weeks or months.
Interest around a potentially sudden Spot ETH ETF approval brought additional volatility to ETH prices. Before the May 23 decision, the Ethereum price had already rallied by 25% in a 24-hour period during May 2024.
About the founders
The idea of Ethereum was initially described through a whitepaper written by Vitalik Buterin in late 2013, when he was just 19 years old. Before conceptualizing Ethereum, Buterin was an experienced programmer and developer who'd previously founded the Bitcoin Magazine news site.
Buterin believed that blockchain technology could be leveraged to build decentralized protocols and applications free from the control of central bodies. Buterin was an avid player of World of Warcraft, a popular online game. After its creators removed his favorite spell from the game, Vitalik decided that no single entity should have complete control over an application, thus forming the conception of the Ethereum blockchain.
Ethereum was officially announced in Miami, in January 2014, at the North American Bitcoin Conference. A group of eight individuals co-founded the project.
Russian-Canadian Vitalik Buterin was the most significant contributor and remained so. Gavin Wood of Polkadot (DOT) was the first Chief Technology Officer of the Ethereum Foundation. He coded Ethereum's first technical implementation in C++ programming language and created Solidity, the de facto programming language for creating Ethereum smart contracts.
Today, Solidity is considered the essential programming language for Ethereum applications and enjoys widespread usage on other blockchains that operate an EVM. In addition, Wood found his own alternative blockchain network Polkadot, which aims to remedy some of Ethereum's issues.
Another notable co-founder who is known for building other Layer 1 blockchains is Charles Hoskinson. Hoskinson eventually left the Ethereum project due to differences of opinion on the project's direction. However, he founded IOHK with Jeremy Wood, another early Ethereum colleague, and went on to develop the Cardano (ADA) blockchain.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 114K new posts about Ethereum, driven by 49K contributors, and total online engagement reached 20M social interactions. The sentiment score for Ethereum currently stands at 82%. Compared to all cryptocurrencies, post volume for Ethereum currently ranks at 199. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Ethereum.
Powered by LunarCrush
Posts
114,408
Contributors
48,552
Interactions
20,442,000
Sentiment
82%
Volume rank
#199
X
Posts
89,064
Interactions
14,860,260
Sentiment
84%
Ethereum FAQ
What is Ethereum, and how does it work?
Ethereum is a decentralized, Layer 1 blockchain platform that allows developers to build and deploy dApps and smart contracts. In addition, since the Ethereum network is a fully decentralized public ledger, accounts can store digital assets such as cryptocurrency or NFTs. It works by using a network of computers to verify and validate transactions on the blockchain, and it uses its native cryptocurrency, ETH, as a means of payment for these transactions.
What is the difference between Ethereum and Bitcoin, and which one should I buy?
Ethereum and Bitcoin are decentralized blockchain platforms but have different features and use cases. Ethereum is designed for building and deploying decentralized applications, while Bitcoin is primarily used as a store of value or medium of exchange. Both cryptocurrencies have advantages and disadvantages, and buying either depends on your portfolio goals and risk tolerance.
What are the options for buying ETH tokens?
Easily buy ETH tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ETH/USDT, ETH/USDC, ETH/DAI, and ETH/BTC.
Another way you can purchase ETH tokens is via the OKX P2P Trading platform. P2P trading allows users to buy and sell cryptocurrencies directly from other users without needing a middleman.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ETH, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How can I store my Ethereum tokens?
OKX provides a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store BTC or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralized applications (dApps) and the OKX NFT Marketplace.
How much is 1 Ethereum worth today?
Currently, one Ethereum is worth $2,601.70. For answers and insight into Ethereum's price action, you're in the right place. Explore the latest Ethereum charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Ethereum, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ethereum have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Ethereum Eth
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-07-01
End of the period to which the disclosure relates
2025-07-01
Energy report
Energy consumption
2207257.20000 (kWh/a)
Renewable energy consumption
26.538687083 (%)
Energy intensity
0.00010 (kWh)
Key energy sources and methodologies
To determine the proportion of renewable energy usage, the locations of the nodes are to be determined using public information sites, open-source crawlers and crawlers developed in-house. If no information is available on the geographic distribution of the nodes, reference networks are used which are comparable in terms of their incentivization structure and consensus mechanism. This geo-information is merged with public information from Our World in Data, see citation. The intensity is calculated as the marginal energy cost wrt. one more transaction.
Ember (2025); Energy Institute - Statistical Review of World Energy (2024) - with major processing by Our World in Data. “Share of electricity generated by renewables - Ember and Energy Institute” [dataset]. Ember, “Yearly Electricity Data Europe”; Ember, “Yearly Electricity Data”; Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved from https://ourworldindata.org/grapher/share-electricity-renewables.
Energy consumption sources and methodologies
For the calculation of energy consumptions, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Emissions report
Scope 1 DLT GHG emissions – Controlled
0.00000 (tCO2e/a)
Scope 2 DLT GHG emissions - Purchased
734.60405 (tCO2e/a)
GHG intensity
0.00003 (kgCO2e)
Key GHG sources and methodologies
To determine the GHG Emissions, the locations of the nodes are to be determined using public information sites, open-source crawlers and crawlers developed in-house. If no information is available on the geographic distribution of the nodes, reference networks are used which are comparable in terms of their incentivization structure and consensus mechanism. This geo-information is merged with public information from Our World in Data, see citation. The intensity is calculated as the marginal emission wrt. one more transaction.
Ember (2025); Energy Institute - Statistical Review of World Energy (2024) - with major processing by Our World in Data. “Carbon intensity of electricity generation - Ember and Energy Institute” [dataset]. Ember, “Yearly Electricity Data Europe”; Ember, “Yearly Electricity Data”; Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved from https://ourworldindata.org/grapher/carbon-intensity-electricity Licenced under CC BY 4.0.
Socials