What does ETH transaction mean (ETH transaction unit)?
What does ETH transaction mean? On the Ethereum network, ETH transaction refers
What does ETH transaction mean? On the Ethereum network, ETH transaction refers to the transaction or trading of assets using ETH or buying and selling cryptocurrencies. For Ethereum, there are two types of transactions: ETH-USDT (within exchanges) and ETH-BTC (decentralized platforms).
ETH-ETH involves operations such as transfer, exchange, and trading through smart contracts. Its price is the same as Bitcoin and it is also an ERC20 token. ETH-BTC, on the other hand, follows a similar approach to ERC-20 and is held by users.
ETH transaction unit
According to eth.exchange website data, the trading unit for ETH is Ether (Eth). The total Ethereum transaction volume is measured by the issuance of ETH. In the past 30 days, ETH has risen from $100 to over $400, a 148% increase. (Image source: https://eth-trader.com/)
It is reported that the current circulating market value of ETH has reached $300 million, with most tokens being listed on platforms such as Uniswap and 0x protocol. In addition, the daily trading volume of ETH is also increasing. According to ethmarketcap, 65% of the total ETH supply is supported by Coinbase custody (or Binance custody), while the remaining 35% will be produced through liquidity mining.
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