Theta Network (THETA) USD Price

Theta Network Price Data

Theta Network (THETA) currently has a price of $2.16 and is down -0.87% over the last 24 hours. The cryptocurrency is ranked 55 with a market cap of $2.2B. Over the last 24 hours, it saw $34.3M 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.