What it means
Ether, the native currency of Ethereum, also used to pay gas fees on Base.
Its price moves a lot. Many wallets make you hold some ETH just to pay network fees.
How it works
In Defied you don't need ETH: the network fee is covered on supported actions.
Related terms
| Term | What it means |
|---|---|
| Ethereum | The public blockchain where smart contracts and most of DeFi began. |
| Gas fee | The small fee paid to a blockchain network to process a transaction. It's also called a network fee. |
| Volatility | How much and how fast a price goes up and down. |
This glossary explains terms in general. It isn't investment, tax or legal advice.