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About Ergo
The ERG token, as the native cryptocurrency of the Ergo platform, is primarily used for transaction fees within the network, much like Ether in the Ethereum network. In addition to this, Ergo allows users to write and execute smart contracts, which can be used for a wide range of financial applications such as DeFi (Decentralized Finance). This means ERG tokens can be used to participate in DeFi applications, such as lending and borrowing, yield farming, and other decentralized applications built on the Ergo platform. Ergo also introduces a new form of Proof-of-Work consensus algorithm called "Autolykos", designed to be more ASIC-resistant and secure, which miners use ERG for rewards. The ERG token facilitates all these functionalities within the Ergo ecosystem.
EFYT (Ergo First Year Tokens) served the dual purposes of helping to build an early community of stake holders and enthusiasts for Ergo and of raising a small amount of funds for the platform before launch to fund development, promotion etc. EFYT is strictly a Waves token and is not the same as an ERG, which is the Ergo mainnet native token mined after Ergo’s mainnet launch.
EFYT were swapped with a fraction of the ERG mined within the first 1 year post mainnet launch (July 1st 2019)
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Learn About Ergo
Why Ethereum Developers Built RocketPool Before Anyone Else Did
RocketPool's initial whitepaper didn't come out until 2018. The Beacon Chain had yet to be created, the merge was still years off, and for most developers the idea of staking was still very much in the future. But if you look at the earliest RocketPool announcements to come out of its GitHub repos the story is a little different: A small team was already writing smart contracts for permissionless node operation months before the 32 ETH deposit contract went live.
Crypto News NavigatorApr 25, 2026MultiversX Hits 656K TPS While EGLD Trades at a Discount
MultiversX just achieved on-chain real-world throughput of 656,607 transactions per second on the network. That kind of throughput blows Ethereum's 15-30 TPS base layer out of the water. With EGLD at $4.28 and over 569 million transactions across 9.12 million accounts, the differences between Ethereum and MultiversX aren't marginal. They're existential.
Archie DuttonApr 17, 2026Three Ways to Actually Make Money Staking CAKE in 2026
How are you supposed to know where to stake CAKE? It's not about the published numbers it pays, it's about what it actually pays you after fees, impermanent loss, and tax events you weren't even aware were coming. Between fixed-term and flexible syrup pools, farm LP positions, and position manager vaults, they have varying risk profiles, lockup terms, and net returns.
Mia HallandApr 3, 2026Often Discussed Alongside Ergo
Tokens that appear with Ergo in our academy articles.
Ergo Market Data
The live Ergo price today is $0.30 USD with a 24-hour trading volume of $74,129.00 USD. We update our ERG to USD price in real-time. Ergo is up 0.20% in the last 24 hours.
The current market cap is $25,006,883.74 USD, ranking #484 by market capitalization. The circulating supply is 83,129,085 ERG out of a max supply of 97,739,925 ERG.