ETH Token on Starknet: Pricing and Where to Buy It

Understand what makes the ETH token on Starknet unique. Learn about price trends, supply, tokenomics, and utility, all simplified for easy understanding.

Starknet

• Mar 17, 2024

• 3 min read

If you’ve just started out on your crypto journey on Starknet, chances are you’ve come across Ethereum and its native token, Ether (ETH). Curious about the difference between ETH on Starknet and ETH on Ethereum? You also want to learn about its price, utility, and tokenomics? In this article, you can learn about it all. You’ll also find out how to buy ETH on Starknet.

What is Ethereum?

Ethereum is a decentralized and open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications (dApps).

What is the Ethereum token (ETH)?

Ether (ETH) is Ethereum’s native cryptocurrency and the second-largest crypto asset, just behind Bitcoin. ETH can be used to pay for transactions on the Ethereum network. Additionally, staking ETH contributes to securing the Ethereum network.

Is ETH available on Starknet?

Yes, ETH is available on Starknet.

Is ETH on Starknet different from ETH on Ethereum?

ETH on Starknet is identical to ETH on Ethereum; it’s a wrapped version. This means the ETH you hold on Starknet was initially locked in the canonical bridge on the Ethereum blockchain, then bridged to Starknet and made available there. Bridging ETH from Ethereum to Starknet doesn’t change the total supply of ETH. It simply reallocates a portion of the ETH supply from Ethereum to Starknet.

ETH Price, Total Supply & Tokenomics

Ethereum price: ETH to USD

Check mySwap’s charts to get the latest ETH to USD price.

Total Supply of ETH and Tokenomics

The total supply of Ether is uncapped and stands at 120,071,997 ETH at the time of writing. Since The Merger happened on September 15, 2022, ETH has a deflationary economic model.

How to buy ETH on Starknet?

Buying ETH is simple. You can do that in 3 easy steps:

Step 1: Download Braavos Wallet – It’s Free

We recommend getting a Starknet wallet like Braavos. To understand why this is essential, check out the next section in our blog post.

Step 2: Onboard funds – In Any Way

Tap on the ‘Deposit’ button inside your Braavos wallet.

Step 3: Buy ETH

Credit cards, bank transfers, centralized exchanges, or the StarkGate bridge – they all work on Braavos. Once you’ve selected the onboarding solution, follow the steps of each provider to buy or transfer ETH.

Why should I use the Braavos wallet?

Still not sure which wallet to use? Here’s why you should go for Braavos:

Seamless Transactions: Sign your transactions with a selfie (face ID) and stake your crypto with a single click.
One-Click ETH Staking: Stake your ETH in one click directly from your Braavos wallet
Top-Tier Security: With Two-Factor Authentication (2FA) and Three-Factor Authentication (3FA), you can rest assured your assets are safe.
Decentralization: Enjoy your financial freedom with a decentralized wallet.

And here is a table that compares the 4 available wallets on Starknet: