What Gives Ethereum Value?

The native currency (ether) is used within the Etherum network to perform a range of functions:

  • Payment of transaction fees
  • Collateral for a wide range of open finance applications
  • Lending and borrowing
  • Means of payments
  • Medium of exchange to purchase Ethereum-based tokens (via exchanges), crypto-collectibles, in-game items, and other non-fungible tokens
  • Earned as a reward for completing certain tasks
  • As of Ethereum 2.0: provide computational resources

What gives Ethereum value?

Source: VanEck.