Ethereum
ETHLive since 30 July 2015, about 11 years. Checked by a person on 13 September 2026.
Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle. Of the 20 things it promised, it delivered 15, 5 are still open (3 with no date); the next dated step is Q4 2026. It trades at $2,473, #2 of all coins by size, 50% below its highest ever price.
This week in the news: ETF or institution.
A real job, real backing. Delivered 15 of 20, none late. Next step in 107 days. Biggest of 18 smart contract platforms. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: a platform other apps build on
- ✓Real backingBacking: backed by Multicoin Capital; in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken
- ✓Something aheadAhead: next dated step Q4 2026; 15 of 20 promises delivered
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Backed by Multicoin Capital and 2 more
- Origin30 July 2015about about 11 yearsethereum.org, GitHub, Whitepaper, Wikipedia
- DevelopersVitalik Buterin, Gavin WoodFounders per WikidataCode activity not checked
- BackingMulticoin Capital, Andreessen Horowitz (a16z), Galaxy DigitalInvestor tags from CoinGeckoIndex: GMCI 30 Index, GMCI Index, Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
- Standing on the record15 of 2015 confirmed by outside news545 headlines last month, 41 about government1,986,444 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
15 of 20
promises delivered, by the project's own pages
15 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
delivered open past due, not yet checked today. Click a point to open that promise.
- OpenQ4 2026The job of assembling a block will be built into the network itself and separated from the job of agreeing on it, so participants can hand off block assembly without relying on outside software.107 days away
Details
“In development Glamsterdam Q4 2026 Main features Enshrined proposer-builder separation Separates block agreement from processing, helping L1 scale by allowing validators to process more data Natively integrates builders so validators can safely outsource block assembly without trusting external software”
- OpenQ4 2026Each block will come with a required list of which stored data its transactions touch, so computers can process transactions side by side and catch up faster.107 days away
Details
“In development Glamsterdam Q4 2026 Main features Block-level access lists Introduces mandatory access lists at the block level, rather than for individual transactions Maps dependencies upfront for faster syncs, parallel execution, and parallel disk reads Lowers gas for state-heavy apps and improves gas cost predictability”
- Openno dateA group of network participants will be able to require that valid transactions get included in blocks, so no single block assembler can leave them out.
Details
“In development Hegotá 2027 Main features Fork-choice enforced inclusion lists (FOCIL) Lets a committee of validators require that valid transactions are included, so no single block builder can leave them out Decouples censorship resistance from local block building, removing a constraint on scaling L1 Strengthens layer 2 settlement guarantees, which can shorten exit windows for optimistic rollups”
- Openno dateThe network will add a kind of transaction where each account sets its own rules for what counts as an approved transaction instead of one fixed signing method.
Details
“In development Hegotá 2027 Main features Frame transactions Adds a transaction type where the account itself decides what makes a transaction valid, rather than one fixed signature scheme Makes social recovery, spending limits and sponsored gas native to the protocol instead of bolted on Gives accounts a path to post-quantum signature schemes”
- Openno dateThe network will swap out the parts of its security math that a powerful future computer could break, before such computers exist.
- Delivered15 September 2022The network will switch from having computers compete by solving puzzles to having participants lock up coins to confirm transactions.delivered 15 September 2022Confirmed by The Cryptonomist, 12 August 2022Proof The Ethereum Merge will be launched on 15 or 16 September The Cryptonomist, 12 August 2022 · release v1.10.22 22 August 2022
Details
“Paris (The Merge) September 15, 2022 Main features Transition to Proof of Stake Replaced energy-intensive mining with staking-based consensus Reduced Ethereum's energy consumption by ~99.95%”
source · snapshot · captured 2026-09-10
The roadmap page lists Paris (The Merge) as 'In production' dated September 15, 2022. source · snapshot · captured 2026-09-10
- Delivered15 September 2022A separate coordination chain that had been running alongside the main network will be joined into the main network.delivered 15 September 2022Confirmed by The Cryptonomist, 12 August 2022Proof The Ethereum Merge will be launched on 15 or 16 September The Cryptonomist, 12 August 2022 · release v1.10.22 22 August 2022
Details
“Paris (The Merge) September 15, 2022 Main features Beacon Chain Integration Merged the Beacon Chain with the Ethereum mainnet Enabled the full transition to PoS consensus mechanism”
source · snapshot · captured 2026-09-10
The roadmap page lists Paris (The Merge) as 'In production' dated September 15, 2022. source · snapshot · captured 2026-09-10
- Delivered15 September 2022A built-in mechanism that was making the old puzzle-solving method progressively harder will be removed.delivered 15 September 2022Confirmed by The Cryptonomist, 12 August 2022Proof The Ethereum Merge will be launched on 15 or 16 September The Cryptonomist, 12 August 2022 · release v1.10.22 22 August 2022
Details
“Paris (The Merge) September 15, 2022 Main features Difficulty Bomb Removal Removed the difficulty bomb that was increasing mining difficulty Ensured smooth transition to the new consensus mechanism”
source · snapshot · captured 2026-09-10
The roadmap page lists Paris (The Merge) as 'In production' dated September 15, 2022. source · snapshot · captured 2026-09-10
- Delivered12 April 2023People who locked up coins to help run the network will be able to take those coins and their earnings back out.delivered 12 April 2023Confirmed by ethereum.org, 28 March 2023Proof Mainnet Shapella Announcement ethereum.org, 28 March 2023 · release v1.11.5 21 March 2023
Details
“Shapella April 12, 2023 Main features Staking withdrawals Enabled validators to withdraw their staked ETH and rewards Introduced partial and full withdrawal capabilities”
source · snapshot · captured 2026-09-10
The roadmap page lists Shapella as 'In production' dated April 12, 2023. source · snapshot · captured 2026-09-10
- Delivered12 April 2023The network will get a new built-in operation that handles requests to take locked-up coins back out.delivered 12 April 2023Confirmed by ethereum.org, 28 March 2023Proof Mainnet Shapella Announcement ethereum.org, 28 March 2023 · release v1.11.5 21 March 2023
Details
“Shapella April 12, 2023 Main features EIP-4895: Beacon chain push withdrawals Added a new system-level operation for withdrawals Ensured secure and efficient processing of withdrawal requests”
source · snapshot · captured 2026-09-10
The roadmap page lists Shapella as 'In production' dated April 12, 2023. source · snapshot · captured 2026-09-10
- Delivered12 April 2023One specific kind of program operation on the network will cost less to run.delivered 12 April 2023Confirmed by ethereum.org, 28 March 2023Proof Mainnet Shapella Announcement ethereum.org, 28 March 2023 · release v1.11.5 21 March 2023
Details
“Shapella April 12, 2023 Main features EIP-3651: Warm COINBASE Reduced gas costs for accessing the COINBASE address Improved efficiency of certain smart contract operations”
source · snapshot · captured 2026-09-10
The roadmap page lists Shapella as 'In production' dated April 12, 2023. source · snapshot · captured 2026-09-10
- Delivered13 March 2024The network will add a new kind of transaction that stores data for a short time at low cost so that companion networks built on top of it pay less.delivered 13 March 2024Confirmed by CoinDesk, 8 February 2024Proof Ethereum Developers Target March 13 for Milestone 'Dencun' Upgrade on Mainnet CoinDesk, 8 February 2024 · release v1.13.12 9 February 2024
Details
“Dencun March 13, 2024 Main features Proto-danksharding (EIP-4844) Introduced blob transactions to significantly reduce rollup transaction costs Added a new transaction type that stores data temporarily and cheaply”
source · snapshot · captured 2026-09-10
The roadmap page lists Dencun as 'In production' dated March 13, 2024. source · snapshot · captured 2026-09-10
- Delivered13 March 2024Programs on the network will get two new instructions for keeping scratch data only while a transaction runs.delivered 13 March 2024Confirmed by CoinDesk, 8 February 2024Proof Ethereum Developers Target March 13 for Milestone 'Dencun' Upgrade on Mainnet CoinDesk, 8 February 2024 · release v1.13.12 9 February 2024
Details
“Dencun March 13, 2024 Main features EIP-1153: Transient storage opcodes Added TSTORE and TLOAD opcodes for temporary storage during transaction execution Enables more efficient smart contract patterns and reduces gas costs”
source · snapshot · captured 2026-09-10
The roadmap page lists Dencun as 'In production' dated March 13, 2024. source · snapshot · captured 2026-09-10
- Delivered13 March 2024Programs on the network will be able to read information about how the network reached agreement on recent blocks.delivered 13 March 2024Confirmed by CoinDesk, 8 February 2024Proof Ethereum Developers Target March 13 for Milestone 'Dencun' Upgrade on Mainnet CoinDesk, 8 February 2024 · release v1.13.12 9 February 2024
Details
“Dencun March 13, 2024 Main features EIP-4788: Beacon block root in the EVM Exposes consensus layer information to smart contracts Enables new trust-minimized applications and cross-chain bridges”
source · snapshot · captured 2026-09-10
The roadmap page lists Dencun as 'In production' dated March 13, 2024. source · snapshot · captured 2026-09-10
- Delivered7 May 2025Ordinary user accounts will be able to borrow the abilities of a program, such as sending several actions at once, having someone else pay the fee, or recovering access more easily.delivered 7 May 2025Confirmed by yellow.com, 7 May 2025Proof Ethereum Pectra Upgrade Raises Staking Limit to 2,048 ETH and Enables Smart Wallets yellow.com, 7 May 2025
Details
“Pectra May 7, 2025 Main features Enhance EOA wallets with smart contract functionality Users can set their address to be represented by a code of an existing smart contract and gain benefits such as transaction batching, transaction fee sponsorship or better recovery mechanisms”
source · snapshot · captured 2026-09-10
The roadmap page lists Pectra as 'In production' dated May 7, 2025. source · snapshot · captured 2026-09-10
- Delivered7 May 2025A single participant who locks up coins to help run the network will be able to lock up as many as 2048 coins in one slot instead of exactly 32.delivered 7 May 2025Confirmed by Ledger, 7 May 2025Proof Ethereum Pectra Upgrade: What Changed and Why It Matters Ledger, 7 May 2025
Details
“Pectra May 7, 2025 Main features Increase the max effective balance Stakers can now hold up to 2048 ETH in one validator instead of exactly 32, earning rewards on every ETH above the minimum”
source · snapshot · captured 2026-09-10
The roadmap page lists Pectra as 'In production' dated May 7, 2025. source · snapshot · captured 2026-09-10
- Delivered7 May 2025Each block will carry more of the low-cost temporary data packets, with a target of 6 and a maximum of 9.delivered 7 May 2025Confirmed by Binance, 16 May 2025Proof Galaxy: The Current State of Ethereum Blobs and the Blob Market in the Post-Pectra Era Binance, 16 May 2025
Details
“Pectra May 7, 2025 Main features Blob throughput increase Raised the blob target to 6 per block with a maximum of 9, making transactions on rollups cheaper”
source · snapshot · captured 2026-09-10
The roadmap page lists Pectra as 'In production' dated May 7, 2025. source · snapshot · captured 2026-09-10
- Delivered3 December 2025Computers on the network will be able to check that data was published by sampling small pieces of it instead of downloading all of it.delivered 3 December 2025Confirmed by finance.yahoo.com, 15 November 2025Proof Ethereum’s Fusaka Upgrade Arrives in December: What to Expect finance.yahoo.com, 15 November 2025
Details
“Fusaka December 3, 2025 Main features PeerDAS (Peer-to-Peer Data Availability Sampling) Enables more efficient data availability for rollups Makes running a node more accessible while maintaining decentralization”
source · snapshot · captured 2026-09-10
The roadmap page lists Fusaka as 'In production' dated December 3, 2025. source · snapshot · captured 2026-09-10
- Delivered3 December 2025The number of low-cost data packets per block will be adjustable through small updates between major upgrades.delivered 3 December 2025Confirmed by finance.yahoo.com, 15 November 2025Proof Ethereum’s Fusaka Upgrade Arrives in December: What to Expect finance.yahoo.com, 15 November 2025 · release v1.16.7 4 November 2025
Details
“Fusaka December 3, 2025 Main features Blob Parameter Only (BPO) Forks Allows flexible blob count increases between major upgrades Enables faster adaptation to L2 scaling needs without waiting for coordinated hard forks”
source · snapshot · captured 2026-09-10
The roadmap page lists Fusaka as 'In production' dated December 3, 2025. source · snapshot · captured 2026-09-10
- Delivered3 December 2025A single transaction will be capped at 16.7 million units of work, and the default amount of work allowed per block will rise to 60 million units.delivered 3 December 2025Confirmed by finance.yahoo.com, 15 November 2025Proof Ethereum’s Fusaka Upgrade Arrives in December: What to Expect finance.yahoo.com, 15 November 2025
Details
“Fusaka December 3, 2025 Main features Gas Limit & DoS Hardening Transaction gas limit cap of 16.7M gas per transaction Raised the default gas limit to 60M, increasing L1 execution capacity”
source · snapshot · captured 2026-09-10
The roadmap page lists Fusaka as 'In production' dated December 3, 2025. source · snapshot · captured 2026-09-10
What is next, and when?
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107 days
until Q4 2026: The job of assembling a block will be built into the network itself and separated from the job of agreeing on it, so participants can hand off block assembly without relying on outside software.
Everything still to come, soonest first
- Q4 2026The job of assembling a block will be built into the network itself and separated from…107 days
- Q4 2026Each block will come with a required list of which stored data its transactions touch,…107 days
Recorded 10 September 2026. Date moved 0 times. The ring is how much of the time between the promise and its date has passed.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A platform other apps build on
35 coins we checked say they are for a platform other apps build on, worth $393.62B together. #1 of 35 by worth.
Smart Contract Platform: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Ethereum$301.61Bthis coin−2.1%no max15 of 20 delivered
BNB$95.27B3.2× smaller, −$206.34B−1.2%, gap +0.867% outno record
XRP$87.28B3.5× smaller, −$214.33B+0.0%, gap +2.163% out2 of 3 delivered
Solana$58.89B5.1× smaller, −$242.72B−1.3%, gap +0.8no maxnone dated
TRON$32.06B9.4× smaller, −$269.54B−0.5%, gap +1.6no maxno record
Zcash$19.3B15.6× smaller, −$282.31B−0.1%, gap +2.081% outnone dated
Hyperliquid$17.5B17.2× smaller, −$284.11B−1.5%, gap +0.622% outnone dated
Dogecoin$12.86B23.5× smaller, −$288.75B−2.2%, gap −0.1no maxno record
Smart Contract Platform: this coin next to BNB, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Ethereum says
- Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle.
- BNB says
- BNB is the native utility token of the BNB Chain ecosystem.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle.
Its listing puts it this way: Ethereum is a global, open-source platform for decentralized applications. In other words, it is a decentralized blockchain platform that enables developers to build and deploy smart contracts and applications without central authority control.
Problem it says it solves: a platform other apps build on. 52 coins we have checked say the same; together they are worth $408,727,547,844.
Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $4,946 on 24 August 2025. Today is 50% of that.
100%
of all ETH that will ever exist is already out in public hands: 122.05M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Pays for every use of its network
Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.
- Every transaction on its network pays a fee in it
- Can be staked to earn a share of network rewards
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 122.05Min circulation of 122.05M total. No hard maximum is set, so more can be created.
- of its all-time high of $4,946 on 24 August 2025. That is −50.0% from the top.
- #2by market cap, $301,608,529,843.
- 30 July 2015first block, as listed by CoinGecko.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $50.39B is locked in apps built on it right now
- Users paid $11.94M in fees to use it in the last 30 days, $2.76M of that kept by the network
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
545 headlines named this coin in the last month.
What they were about
- Price97
- Upgrade63
- ETF46
- Treasury39
- Tokenization15
- Unlock12
- AI12
- Stablecoin10
- Zama expands confidential Morpho lineup after first vault hits $40 million, launches private swaps on EthereumUpcoming
- Ethereum, Base developers abandon effort to align account abstraction proposals
- Solana transactions just got more than 3 times bigger, narrowing the gap with Ethereum
- Crypto News September 15: Market Jumps 3% as Bitcoin and Ethereum Gain
- Bitmine Adds $68 Million in Ethereum as Holdings Near 6 Million ETH
- Yellow Network Launches on Ethereum MainnetUpcoming
- Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead
- Ethereum nears $3,000 breakout as Shiba Inu liq...
- Centrifuge launches tokenized US Treasuries and AAA CLOs on OKX's Ethereum Layer 2 for DeFi users.Upcoming
- Why are Bitcoin, Ethereum and XRP rising?
- Lisk: Chain Shutdown Requires Holders to Bridge Funds to Ethereum - 31 Oct 2026
- ETH/BTC ratio up 25% in Q3 – Ethereum eyes strongest quarter on record
- Robinhood's New Blockchain Is Now Making More Money Than Ethereum. Does That Make Robinhood Stock a Buy?
- Robinhood's New Blockchain Is Now Making More Money Than Ethereum. Does That Make Robinhood Stock a Buy?
- Robinhood's New Blockchain Is Now Making More Money Than Ethereum. Does That Make Robinhood Stock a Buy?
- Robinhood's New Blockchain Is Now Making More Money Than Ethereum. Does That Make Robinhood Stock a Buy?
- Ethereum eyes $3,000 as Shiba Inu shows unusual netflow shifts on major exchanges.
- Take Ethereum Profits or Wait Out the Holding Period? What the Price Jump Means for Your Tax BillGovernment
- Revoke Token Approvals: One Revocation Costs 0.52 CentsGovernment
- Ethereum price eyes $3,000 as supply tightens – Can ETH break out?
- Arkham Study Maps Ethereum's Biggest Holders In 2026, Some Names Surprise
- CLARITY Act Vote Could Trigger a Major Move for Bitcoin, Ethereum and XRPUpcoming
- Will Bitcoin, Ethereum and XRP Prices Rally if the CLARITY Act Passes on September 15?Upcoming
- Altcoin rally loses steam: Institutional bets fail to save Ethereum, Solana, and Aptos
- Ethereum gains as Tom Lee highlights its role i...
- Tom Lee Explains Ethereum's Killer Application as ETH Bucks Market Downturn
- Bitcoin ETFs Flip to Net Outflows After Four Weeks; Ethereum Extends Inflow Streak to Four
- LIT: Ethereum Contributor Withdraws 500K Tokens
- Bitcoin, Ethereum, XRP, Dogecoin Dip as Senate Prepares to Vote on CLARITY: Analyst Sees BTC Rallying toGovernmentUpcoming
- Bitcoin, Ethereum, XRP, Dogecoin Dip as Senate Prepares to Vote on CLARITY: Analyst Sees BTC Rallying to $90,000, but Only If...GovernmentUpcoming
- Coinbase Opens Spot Trading For ETHGas (GWEI) As Ethereum Blockspace Protocol Gains Exchange Foothold
- Grayscale’s Zach Pandl Declines To Pick Between Hyperliquid, Ethereum Or Solana
- BitMine Stock Forms Golden Cross as Ethereum Buying Spree Nears the Finish Line
- Bitcoin, Ethereum, XRP Rally Falters as Fed Rate Hike Odds Hit 86%Government
- XRP could outperform Ethereum by 306% based on technical analysis of XRP/ETH ratio.
- Bitcoin, Ethereum, XRP Decline As U.S. Fed Hike Odds RiseGovernment
- Tom Lee Called Ethereum September FOMO In August. ETH Is Up Over 50% Since
- Ethereum On Track To Snap Its Longest Quarterly Losing Streak On Record
- Ethereum On Track To Snap Its Longest Quarterly Losing Streak On Record
- Jito Surges Ahead of Circle and ETH As Solana Flips Ethereum
545 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle.
“Ethereum is the global network where you control your assets, your data, and your identity.”source · snapshot · captured 2026-09-10
Live since 30 July 2015, about 11 years.
15 of 20 promises delivered. 5 open.
Others in smart-contract platforms: Internet Computer 20 of 23, Ozone Chain 13 of 30, Starknet 10 of 24, ADI 7 of 15, and 28 more.Repository activity has not been checked yet.
The project's homepage page last changed on 14 September 2026.
Next deadline: Q4 2026 (by 31 December 2026), in 107 days.
Every entry on this page has been checked by a person against its snapshot.