Ethereum Ecosystem
Ethereum is a decentralized, open-source blockchain platform that enables the creation and deployment of smart contracts and decentralized applications (dApps). It was proposed by Vitalik Buterin in late 2013 and development began in early 2014. Ethereum's mainnet, the live network of the Ethereum blockchain, was launched on July 30, 2015. This page provides a table listing projects within the Ethereum ecosystem, including project names, descriptions, and interest levels as calculated by the CryptoTotem algorithm. Learn more ↓
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| Projects | Description | Interest lvl | ||
|---|---|---|---|---|
Base is a low-cost, secure Ethereum L2 designed to bring the next billion users on-chain. | ||||
Celo is the core utility, reserve, staking, and governance asset for the Celo platform. The platform aims to make financial tools borderless, easy to use, and a ... | ||||
Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Aave Protocol an open source and non-custodial ... | ||||
Lido Finance is a decentralised protocol that allows users to stake and earn yield while also staying liquid.
Lido DAO is a community that builds liquid stak ... | ||||
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making blockchain data ... | ||||
zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data avail ... | ||||
Immutable X is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT minting and trading, built in partnership with StarkWare. | ||||
Gnosis Chain is an Ethereum sidechain facilitating low-cos blockchain operations. It supports validator sets and community governance, ensuring decentralized co ... | ||||
Aurora is an EVM built on the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, sca ... | ||||
pSTAKE is a liquid staking protocol unlocking the liquidity of staked assets. | ||||
Ethereum wallet with multisig security and one tap DeFi. | ||||
Moonbeam is an Ethereum-compatible smart contract platform that makes it easy to build applications on Polkadot. | ||||
BitDAO aims to use its significant financial and talent resources to foster and invest in innovation, collaboration, and growth across DeFi. | ||||
Coin98 is an all-in-one DeFi Platform that aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on mu ... | ||||
Daox is the ecosystem and platform for Fundraising DAOs which serve as advanced intermediaries between investors and startups. | ||||
Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users. Alpha products focus on capturin ... | ||||
DAO Maker creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors. | ||||
Hi is leveraging blockchain technology to build services that are community powered. | ||||
An open-source blockchain project on Ethereum, dedicated to connecting developers, community and investors. | ||||
Ink is a layer 2 blockchain built on the Optimism Superchain, focusing on providing fast, secure, and interoperable financial solutions. | ||||
Unichain is a DeFi-native Ethereum L2, built to be the home for liquidity across chains. | ||||
Zircuit is a zero-knowledge rollup that's fully EVM-compatible, enhancing Web3 capabilities. It features a hybrid architecture combining zero-knowledge proofs w ... | ||||
WalletConnect Network aims to become a decentralized UX platform that facilitates secure and reliable connections across wallets and applications, promoting int ... | ||||
Magic Eden is the largest NFT marketplace on the Solana blockchain. It allows traders to buy, sell, mint and manage tokens, and it includes a thriving secondary ... | ||||
Succinct is a performant, open-source zero-knowledge virtual machine (zkVM) that verifies the execution of arbitrary Rust (or any LLVM-compiled language) progra ... | ||||
BIO is a protocol for directing capital and talent to biotech DAOs ("BioDAOs”) and tokenized scientific IP. The protocol serves as a decentralized funding, go ... | ||||
Abstract is a consumer-focused Layer-2 blockchain. | ||||
Humanity Protocol is a network aimed at providing sybil-resistant blockchain solutions to authenticate the first billion users on the web. It offers developers ... | ||||
Zora is a scalable Layer 2 built on Ethereum, prioritizes NFTs and media over traditional DeFi applications, enabling fast and cost-efficient transactions. The ... | ||||
Vana is a network designed for private, user-owned data. It is an EVM-compatible Layer 1 blockchain specifically created for collective ownership of private dig ... | ||||
Swell Network is a permissionless, non-custodial, and liquid ETH staking protocol that is built for stakers, node operators, and the Ethereum ecosystem. A commu ... | ||||
MegaETH is an EVM-compatible blockchain that brings Web2-level real-time performance to the crypto world for the first time. MegaETH goal is to push the perform ... | ||||
Berachain is a high-performance EVM-Identical Layer 1 (L1) blockchain utilizing Proof-of-Liquidity (PoL) as a consensus mechanism, and built on top of a modular ... | ||||
Movement Labs is a blockchain network that prioritizes community involvement, characterized by its transparent tokenomics, minimal staking requirements aimed at ... | ||||
Neon Labs is an Ethereum virtual machine on Solana that enables dApp developers to use Ethereum tooling to scale and get access to liquidity on Solana. | ||||
Maverick Protocol is the infrastructure for decentralized finance, built to facilitate the most liquid markets for traders, liquidity providers, DAO treasuries, ... | ||||
Obol Network is a distributed consensus protocol designed for Proof of Stake (POS) Ethereum, focusing on mitigating single points of failure through Distributed ... | ||||
Fuel Network is the fastest modular execution layer written on Sway language delivering high security and flexible throughput. Today, Fuel is the trying to be t ... | ||||
RedStone delivers frequently updated, reliable and diverse data for your dApp and smart contracts. RedStone is a data ecosystem that delivers fast and accurate ... | ||||
Morpho is a peer-to-peer layer built on top of lending pools such as Compound (and soon Aave). Rates are seamlessly improved for both suppliers and borrowers wh ... | ||||
BreederDAO is the go-to asset production factory for quality gaming assets of the Metaverse. We generate curated assets that deliver best value at scale for som ... | ||||
Gearbox Protocol brings you composable leverage, allowing anyone to margin trade on Uniswap, leverage farm on Curve, leverage stake on Lido, and use 10X more ca ... | ||||
Poolz is a cross-chain liquidity manager for token pools and auctions powered by decentralized, infrastructure. Poolz facilitate buying and moving tokens betwee ... | ||||
Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on Polkadot | ||||
The Sandbox decentralized platform allows players and creators to own a piece of our gaming metaverse (LAND), participate in the governance and economy (SAND ... | ||||
Lisk is a Layer 2 (L2) blockchain network built on the Optimism (OP) Stack, designed to enhance Ethereum's scalability and efficiency. By operating as an optimi ... | ||||
Aragon (ANT) is a decentralized platform built on the Ethereum network that offers a modularized way to create and manage dApps. Build your Decentralized Autono ... | ||||
A multi-chain, smart-contract based DeFi solution. | ||||
Panther Protocol is an end-to-end solution that restores privacy in Web3 and DeFi while providing financial institutions with a clear path to compliantly partic ... | ||||
Raze Network is a Substrate-based, cross-chain privacy protocol for the Polkadot ecosystem. | ||||
What is Ethereum network
Ethereum is an open-source decentralized Proof-of-Stake consensus-based blockchain platform. Initially, Ethereum functioned on the basis of the PoW algorithm.
ETH can also be referred to as a large computer that runs on the blockchain, consisting of many smaller computers inside. These computers, in turn, are networked around the world. However, like any blockchain in its structure.
Ethereum became available to the public in 2013. At that time, a little-known junior crypto-enthusiast Vitalik Buterin published a Whitepaper in which he described the concept of the ETH blockchain for creating DApps with smart contracts. It is noteworthy that in 2011 Buterin co-founded one of the first crypto-media Bitcoin Magazine.
Ethereum was funded through a crowdsale. And in 2015 Buterin was able to raise more 18 million dollars for the development of the Ethereum ecosystem. At that time, it was an absolute record of fundraising. By the way, it can be argued that Ethereum became a driving force in the development of the tokensale culture. However, ICOs soon began to lose popularity due to the activity of fraudsters and were replaced by such trends as IEO and IDO.
Key mechanisms of Ethereum blockchain
Smart-contracts
In fact, ETH is an entire software infrastructure with smart-contracts that exclude the participation of third parties and parties during transactions, deals, and operations in automatic mode, strictly following the rules and conditions of their execution. Note that Smart-contracts can store data information, facts, relationships, balances, and any other information needed for real contracts.
To put it simply, almost any users or developers can run their own program or DApp on ETH using the tools of the Ethereum ecosystem.
Smart-contracts have an unlimited number of applications and scenarios to be executed.
EVM (Ethereum Virtual Machine)
In fact, it is a virtual machine that is responsible for the correct operation of smart-contracts.
While in the Bitcoin network the main function is to conduct transactions between users and their wallets in the distribution registry, the EVM in Ethereum is responsible for performing broader and more complex tasks embedded in smart-contracts.
ERC-20 standard tokens
Ethereum was the first to allow members of the network to issue their own ERC-20 tokens, allowing many blockchain startups to monetize their projects.
ERC-721 tokens
Infamous NFT tokens or non- fungible tokens that contain unique information. It can be information about an image, some file, document and more. NFT is a unique digital asset in a singular number that cannot be replaced or repeated.
Key features of ETH
- Decentralized environment for DApps developers
- Ability to create self-executing smart contracts
- Scalability
- Ability to create custom tokens and cryptocurrencies
- High throughput
L2 solutions
It is also noteworthy that Ethereum has brought a technology such as layer 2 solutions to the blockchain space. These solutions are developed on the main network and are designed to increase the throughput of L1 blockchains.
In turn, L2 solutions are implemented using Rollups technology, which allows hundreds of other transactions from L2 blockchains to be included in a single L1 transaction. Example of L2 solutions: Arbitrum, Optimism, Starknet.
Investors & partners
Key investors of Ethereum ecosystem are major venture capital funds, including:
- a16z (Andreessen Horowitz)
- Pantera Capital
- Galaxy
- Paradigm
- Delphi Ventures
- MulticoinCapital
- CMT Digital
- Electric Capital
- Kenetic Capital and many others.
It is now obvious that not only small startups or ordinary developers are interested in Ethereum. Such giants as:
- Amazon
- Microsoft
- Intel
- IBM
- JPMorgan
- Citigroup
- Goldman Sachs
- VisaMasterCard
- Paypal and many others…
A lot of projects, products, services, cryptocurrencies that exist today in the blockchain technology segment, which you can see and most likely use, most of them are based on the Ethereum blockchain.
Token ETH
ETH cryptocurrency is a proprietary service token of the Ethereum ecosystem, which acts not only as the main unit of account, but also gives access to all services and services offered by the project. In particular, token holders get access to decentralized applications built on Ethereum, pay commissions and use in staking, receiving rewards.
It is an important fact that ETH is widely used as collateral, currency and unit of account in various DeFi economic protocols.
It is worth noting that Ethereum experienced one of the biggest crises in the summer of 2016. Then hackers, having broken the smart-contract The DAO, stole the company tokens to the amount of 50 million dollars. After that, the Ethereum team had to conduct a Hard Fork of the main ETH network to return the funds to the victims. However, some users did not agree with this decision and created their own token Ethereum Classic (ETC).
Conclusion
Thanks in large part to a solution like Ethereum and its very voluminous contribution to development, the blockchain industry has gained the lion’s share of popularity around the world. The innovative technology has received massive acceptance from ordinary users, developers and investors.