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Theta Fuel

TFUEL

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Market

Market stats

Market cap

$488.6M

Volume (24h)

$184.7M

Circulating supply

6.5B TFUEL

All time high

$0.68

Price change (1h)

+0.25%

Price change (24h)

+6.43%

Price change (7d)

+55.54%

About Theta Fuel

Theta Network is a next-generation blockchain for entertainment and media. The network allows existing video and media platforms to generate more revenue and lower content delivery fees while rewarding end users for exchanging their data on any PC, mobile device, or smart TV. Theta is a "dual network" that consists of the Theta Blockchain and smart contracts to manage payments and rewards. It is an end-to-end decentralized video streaming and delivery infrastructure that aims to offer technological and financial solutions to its users. The platform also handles the storage and delivery of media assets like images and videos. Theta intends to serve as a long-term, sustainable incentive mechanism for all users to participate in an entirely decentralized video delivery ecosystem. 

Content delivery networks lack reach in many parts of the world, resulting in video buffering and long load times. Less revenue flows back to content providers and platforms as an outcome of a centralized and inefficient system. As a result, Theta provides better video streaming quality as a decentralized peer-to-peer network. Video platforms no longer need costly infrastructure as the network aims to deliver video streams at lower costs on a user-friendly interface.

Further, the network implements a two-token system. The protocol's operating token is Theta Fuel, or TFUEL. It is also considered as the network's gas token. TFUEL is utilized for on-chain tasks like funding edge node relayers to distribute a video feed and create and engage with smart contracts. Relayers earn TFUEL for all the video streams transferred to other users on the platform. On the other hand, Theta Token, or THETA, is the platform's governance token. 

According to its whitepaper, the network helps video platforms to enhance viewer engagement, generate income, and distinguish their content and viewing quality from their competitors by adding tokens as an end-user incentive mechanism. A modified BFT consensus technique allows tens of thousands of nodes to participate in the consensus mechanism while maintaining a high transaction throughput (1,000+ TPS). BFT (Byzantine fault tolerance) refers to the fault tolerance mechanism even when some parties act maliciously during transaction verification. The unique consensus mechanism reflects that validators and guardians provide security at multiple levels. 

News about Theta Fuel

BeInCrypto • Mar 01, 24

AlgosOne and Sora Unleashed: How AI Trading and Lifelike Videos Are Shaping the Future of Finance!

The advancement of Artificial Intelligence (AI) technology spans a range of developments that excite some and alarm others.  For example, look at Sora, the new text-to-video model from OpenAI that can create videos based on text prompts, which are indistinguishable from reality.  Public reactions...

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The Block • Mar 01, 24

BlackRock’s IBIT spot bitcoin ETF crosses $10 billion in AUM

BlackRock's IBIT saw its second-largest daily inflows of $603.9 million — canceled out by $598.9 million in outflows from Grayscale’s GBTC.

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The Block • Mar 01, 24

BIS issues regulatory recommendations for global stablecoin arrangements

The Bank for International Settlements has issued recommendations for the regulation, supervision and oversight of global stablecoin arrangements.

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The Block • Mar 01, 24

Decentralized lending TVL surges to over $30 billion for the first since mid-2022

Decentralized lending protocols’ total value locked has exceeded $30 billion for the first time since mid-2022.

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BeInCrypto • Mar 01, 24

Ethereum (ETH) Price Touches $3,500 High — Is $4,000 on the Horizon?

The Ethereum (ETH) price broke out from several resistances and increased above $3,500 yesterday.The post Ethereum (ETH) Price Touches $3,500 High — Is $4,000 on the Horizon? appeared first on BeInCrypto.

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Blockworks • Mar 01, 24

Bitcoin ETF net inflows stay positive despite GBTC $600M exodus

Net inflows into the 10 US spot BTC funds dropped from a record $673 million Wednesday to $92 million Thursday

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Theta Fuel is on the rise this week.

The price of Theta Fuel has increased by 0.25% in the last hour and increased by 6.43% in the past 24 hours. Theta Fuel’s price has also risen by 55.54% in the past week. The current price is $0.0754 per TFUEL with a 24-hour trading volume of $184.72M. Currently, Theta Fuel is valued at 88.92% below its all time high of $0.68. This all-time high was the highest price paid for Theta Fuel since its launch.

The current circulating supply of Theta Fuel is 6,465,739,763 TFUEL which means that Theta Fuel has as total market cap of 6,465,739,763.

FAQ

What is the current price of Theta Fuel?

We update our Theta Fuel to USD currency in real-time. Get the live price of Theta Fuel on Coinbase.

What is the market cap of Theta Fuel?

The current market cap of Theta Fuel is $488.57M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Theta Fuel?

The all-time high of Theta Fuel is $0.68. This all-time high is highest price paid for Theta Fuel since it was launched.

What is the 24 hour trading volume of Theta Fuel?

Over the last 24 hours, the trading volume of Theta Fuel is $184.72M.

What other assets are similar to Theta Fuel?

Assets that have a similar market cap to Theta Fuel include SPACE ID, JUST, PayPal USD, and many others. To see a full list, see our comparable market cap assets.

How many Theta Fuel are there?

The current circulating supply of Theta Fuel is 6.5 billion.

Can I buy Theta Fuel on Coinbase?

No, Theta Fuel is not currently available on Coinbase, but you can sign up to get the latest news on Theta Fuel and be notified when it gets added to our exchange.

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