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Ethereum is used in many ways: transferring ETH, connecting to automated applications, and exchanging assets issued inside the network.
ETH transfers are simple exchanges of Ethereum’s native currency (ETH) between accounts, often to pay for services or send funds. Beyond ETH transfers, users can interact with a wide range of applications. These applications enable activities such as lending, borrowing, trading, or even gaming and social media, all using Ethereum’s blockchain to store transactions transparently.
Users also frequently transfer other digital assets, often referred to as tokens, which are issued on and hosted by the Ethereum network. These tokens can be flexibly created by anyone, representing anything from an already existing real-world asset (stablecoins), a tie to a specific project (app tokens), unique collectibles (NFTs), or fungible collectibles (memecoins).
Altogether, these interactions form a fast changing and diverse ecosystem, with Ethereum acting as a platform for a wide range of financial and non-financial activities.