Ether (Fantom)


ETH on Fantom chain is bridged through the Multichain protocol. ETH is the native currency of the Ethereum chain used for gas fees and security.

Risk Rating
What we like
ETH is expected to transition this September to a Proof-of-Stake (PoS) consensus mechanism, which is expected to bring with it drastic improvements in scalability, an increase in staking yield, lower carbon footprint, and reduced ETH supply.
What we like less
ETH transferred through Multichain requires more trust assumptions as the bridge depends on external validators.
What it means for you
ETH represents one of the most liquid assets available to be used for lending, market making and staking.

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  • Fantom
Key Metrics
  • Fully Diluted Valluation: $9.6B
  • Total Supply: 3,071,354
  • Volume (24H): $1.4B
  • ATH: $4,863.70 (11/10/2021)
  • ATL: $0.00 (10/28/2020)
Risk Assessment
Asset Strength

ETH is a large-cap undercollateralized asset. This asset is exposed to the underlying risks of Multichain, a protocol rated as Watch out.

Asset Tokenomics

ETH has an uncapped supply but has inflation control or burn mechanisms in place. ETH on Fantom is backed 1:1 by ETH locked in the Multichain bridge protocol on the Ethereum chain.

Asset Volatility

ETH is highly correlated to the overall market.



Things to know about ETH

What is the difference between Ether and Ethereum?

Ether can be thought of as the "fuel" or gas fee that powers the Ethereum network. Ethereum refers to the actual blockchain technology or smart contract platform that underpins Ether. Whenever you send ETH or use an Ethereum application, you must pay a fee in ETH to use the network. This fee acts as an incentive for a block producer to process and verify your transaction.

Why does Ether have intrinsic value?

Ether serves two main purposes: one as a gas fee to transact on the Ethereum network and second as a speculative store of value. Currently, Ethereum users pay the transaction fees in ETH and ETH holders bear the cost of inflation from miner block rewards. In the absence of speculation, ETH holders are betting that demand for ETH from users of decentralized applications (dApps) outpaces the rate of inflation via block rewards. The second purpose comes from its monetary premium as a non-sovereign store of value. With the transition to ETH 2.0 and recent changes to its monetary policy (EIP-1559), ETH is expected to better compete with BTC as a monetary asset given its scarcity, durability and censorship-resistant qualities.

What is Ether used for?

Ether is used within the Ethereum ecosystem to perform a range of functions, including its native use as a gas fee to transact on the network, use as collateral for DeFi lending applications (to be lent or borrowed), use as medium of exchange for alternative crypto assets and non-fungible tokens (NFTs), acceptance in select retailers and service providers, and lastly, earned as reward for completing bounties. Additionally, in ETH 2.0, users will also be able to lock their ETH by becoming a validator to help secure the network in exchange for block rewards and transaction fees.

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