ETN is the native cryptocurrency of Electroneum Smart Chain. It can be transferred between accounts and is also used to pay fees when submitting transactions or executing smart contracts on the network.

Electroneum Price Today, Live Market & Historical Trend Chart

Q: Why is ETN needed to use the Electroneum network?

On-chain transfers and smart-contract execution consume computing resources, so ETN is needed to pay Gas fees. Gas measures the amount of computational work, and fees vary with operation complexity and network demand.

Q: What are ETN transaction fees for?

Transaction fees make those requesting computation bear the related cost and provide economic incentives to network participants that validate, execute, and record transactions. The payment mechanism also raises the cost of large-scale wasteful computation, helping protect limited network resources.

Q: How is ETN issued and burned?

ETN is produced through block rewards: once a block is confirmed by consensus, the protocol mints new ETN as a reward. At the same time, the base Gas fee in every transaction is permanently burned, so issuance and burning together affect the amount in circulation.

Q: Does holding ETN mean owning shares in the project company?

ETN is a cryptocurrency for exchange, not company equity. Holding ETN does not mean owning an interest in businesses related to Electroneum, nor does it entitle the holder to fixed repayment or future profit sharing.

Q: What is the relationship between gwei and ETN?

Gas prices are often expressed in gwei, a smaller unit for denominating ETN; 1 gwei equals 0.000000001 ETN. Wallets usually estimate the required fee based on network conditions, and users should review the amount before confirming a transaction.

Q: What can ETN be used for besides paying transaction fees?

ETN can be used in decentralized applications on the network, for example as collateral in lending markets, a pricing unit in NFT marketplaces, or for paying for services and real-world goods. Whether it can be used depends on whether the relevant application supports ETN.

Q: What should I note before transferring ETN?

Once a blockchain transfer has been broadcast and processed, it usually cannot be reversed like a traditional transfer. Check the recipient address, network, and amount before sending, and keep wallet private keys or recovery information safe; loss or disclosure may make assets unrecoverable or allow others to control them.

Rank 547

$0.0020525

-$0.0001037(-4.81%)

Market Cap

$36.84M

24h High

$0.0021577

24h Low

$0.0019829

24h Turnover

$8.89K

Total Supply

17.97B

Market Sentiment

Neutral

Electroneum (ETN) Price Performance

View Electroneum (ETN) Price Prediction

Electroneum (ETN) has a Last Price of $0.0020525, with a 24h change of -4.81%. The 24h low is $0.0019829, the 24h high is $0.0021577, and the 24h turnover is $8.89K. The current market cap is approximately $36.84M, ranking 547 by market cap and accounting for 0.00069% of the total crypto market cap. The All-Time High is $0.0100000 (⁦2024-04-11⁩), with a change from the All-Time High of -79.48%.

7 Days
-5.81%
Low
$0.0019788
High
$0.0025000
30 Days
+25.42%
Low
$0.0015060
High
$0.0053230
90 Days
+172.99%
Low
$0.0007024
High
$0.0053230
1 Year
-14.53%
Low
$0.0007024
High
$0.0053230

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Electroneum (ETN) Fall in the Last 24 Hours?

Order-book data showed a bid-to-ask depth ratio of 1.66 across the top five levels, with greater aggregate bid volume than ask volume. However, the largest bid and ask were both about 171,000 ETN, suggesting that individual large orders could materially affect a shallow book. The two orders were approximately 170,676 and 170,852 ETN, while total bid and ask volumes were only 65,576.30 and 39,577.50 ETN, respectively; this mismatch in the reported figures warrants caution. Combined volume across the top five levels was about 105,000 ETN, so limited depth could magnify the price impact of trades. A bid-heavy depth ratio alone does not establish price direction. The order prices listed for 2026-10-20, about $0.0019806 and $0.0020399, describe the book at that time, not current quotes. In thin liquidity, changes in orders may contribute to pronounced fluctuations, but these figures alone do not establish a specific event or capital flow as the cause of a price move.

About Electroneum (ETN)

Electroneum is a Layer 1 EVM-compatible blockchain, catering to 4+ million users worldwide. The network boasts transaction speeds of just 5 seconds with instant finality and potentially the lowest smart contract fees available. Powered by the IBFT consensus mechanism and supported by known validators (targeting universities and Web3 infrastructure companies), the network is incredibly fast, secure and energy efficient. ETN provides the backbone for AnyTask.com a successful freelance platform in the crypto space.

Use Cases and Features

ETN is the native cryptocurrency of Electroneum Smart Chain. It is used to pay the Gas fees required for transfers and smart contract execution, which are charges for the network's processing of computation. It can also be used in the network's applications as a means of payment, collateral, or unit of account. ETN does not represent ownership in a company and carries no right to fixed repayment or future profit sharing.

Supply and Issuance Mechanism

New ETN is minted by the protocol as a block reward when a block is confirmed through consensus; ordinary users cannot create it themselves. The base Gas fee paid with each transaction is permanently burned. When network demand is high, the ETN burned in a single block may exceed the new reward added to that block, so actual net issuance varies with on-chain activity.

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Electroneum (ETN) Basics & Market Insights

Fundamentals

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Market Analysis

Electroneum (ETN) In-Depth Analysis: Navigating the Mobile Payments Landscape and the EVM Compatibility NarrativeThis article leverages Gate market data to provide an in-depth analysis of Electroneum (ETN) and its narrative shift from “mobile mining” to “EVM compatibility.” The piece reviews Electroneum’s development journey, dissects ongoing market debates, and explores multiple scenarios for its potential future trajectory, offering readers a comprehensive industry perspective.2026-03-26

Electroneum (ETN) In-Depth Analysis: The Technical Transformation and Market Outlook of a Mobile Payment Layer 1 BlockchainElectroneum (ETN), an EVM-compatible Layer 1 blockchain, focuses on mobile payments and freelance transactions. Drawing on the latest data, this article examines its technological transformation, a user ecosystem of 4 million, and the current market challenges and evolutionary trajectory it faces.2026-03-20

What are ETF, ETP, ETN?In this article, we explain the meanings of financial terms such as ETF, ETP, ETN, etc.2022-02-25

Frequently Asked Questions About Electroneum (ETN)

What is ETN?

Why is ETN needed to use the Electroneum network?

What are ETN transaction fees for?

How is ETN issued and burned?

Does holding ETN mean owning shares in the project company?

What is the relationship between gwei and ETN?

What can ETN be used for besides paying transaction fees?

What should I note before transferring ETN?

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

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