Theta Network (THETA) currently has a price of $1.061 and is down -9.33% over the last 24 hours. The cryptocurrency is ranked 63 with a market cap of $1.1B. Over the last 24 hours, it saw $26.7M of trading volume. The token has a circulating supply of 1B tokens out of a total supply of 1B tokens.
Theta Network is a blockchain-based platform designed for video streaming, offering high-quality content at a lower cost than centralized alternatives. Users can share their spare bandwidth and resources, creating a decentralized streaming network. THETA is the network's native utility token, used in a proof-of-stake model for network security. It can be exchanged with other Ethereum-based tokens. The network also introduced TFUEL, an incentive token for sharing excess bandwidth and facilitating platform operations. Staking TFUEL alongside THETA provides additional earning opportunities for participants.
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