Powered by Messari Crypto API 🚀
$3.1T
61%
Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule...
Learn more about how Ethereum Classic works.
24hr Range (USD)
$24.67 to $27.35
1hr Range (USD)
$26.43 to $26.61
Down from ATH
-83.21%
Up from Cycle Low
+106.20%
7 Day ROI
+17.28%
1 Month ROI
+33.33%
3 Month ROI
+38.99%
1 Year ROI
+36.76%
Reported Supply
149,616,668
Pairs reporting >5% of daily vol
Exchange
Pair
Volume (% total)
Price
Diff vs VWAP
Okx
ETC-USDT
$21.8M (8.10%)
$26.47
+0.12%
Upbit
ETC-KRW
$66.1M (24.57%)
$26.46
+0.08%
Binance
ETC-USDT
$56.3M (20.94%)
$26.46
+0.08%
Huobi Global
ETC-USDT
$16.0M (5.96%)
$26.45
+0.07%
Gate.io
ETC-USDT
$16.8M (6.25%)
$26.45
+0.05%
Bithumb
ETC-KRW
$18.0M (6.70%)
$26.45
+0.05%
Mexc Global
ETC-USDT
$15.6M (5.80%)
$26.45
+0.05%
...plus 84 more small-volume pairs.
Background
The DAO hack gives rise to Ethereum Classic The DAO hack and resulting hard fork split the Ethereum network into two separate chains: Ethereum and Ethereum Classic (ETC). The DAO was an Ethereum-based venture fund that managed to raise ~$150 million in Ether in an April 2016 initial coin offering (ICO). A few months later (July 2016), an attacker exploited a bug in one of The DAO's smart contracts, enabling the hacker to steal 3.6 million ETH of the funds collected in... Learn more about Ethereum Classic's background.
Supply & Distribution
The Pre-Mine Ethereum Classic's token distribution follows that of Ethereum, as the two chains have a shared history. Before the eventual split sparked by The DAO incident, ETH and ETC were the same asset (originally known as ETH). The original distribution event occurred through a public token sale managed by the Ethereum Foundation, which sold roughly 60 million ETH (80% of the initial 72 million ETH supply). The sale took place between Jul. 22, 2014, and Sep. 2, 2014. The remaining 12 million ETH (20% of... Learn more about Ethereum Classic's supply & distribution.