$ETH
1. PROJECT DETAILS
Ethereum is the dominant Layer1 for smart contracts and the settlement layer for Layer2s.
• Utility: Gas for DeFi, L2 settlement, staking, restaking, stablecoin settlement. Ranked NO.2 Spot and NO.2 Market Cap on Gate.
• Supply Model: Post-Merge PoS with EIP-1559 burn, net deflationary during high activity. Avg Price 4,289.10 is 41.6% above current price, showing long-term average holders are underwater and overhead supply exists above 2,594.96
. • Performance: 30d +30.77% and 90d +48.20% indicate strong recovery, while 1y -41.48% confirms macro correction still i