Theta Fuel (TFUEL) is the operational token of the Theta Network, a decentralized video delivery and streaming platform. It plays a crucial role in powering on-chain operations like video streaming, content sharing, and deploying smart contracts. TFUEL is used to pay for transaction fees, incentivize participants who share their bandwidth and resources, and facilitate micropayments within the Theta ecosystem. It complements THETA, the network’s governance token, by handling transactional and utility functions, ensuring the smooth operation of decentralized applications (dApps) built on the Theta blockchain.

Theta Fuel operates within the Theta Network as the utility token used to process transactions and incentivize network participants. When users share their unused bandwidth and computing resources to support decentralized video streaming, they earn TFUEL as a reward. It also covers fees for interacting with smart contracts and deploying decentralized applications (dApps) on the network. The Theta blockchain uses a proof-of-stake consensus mechanism, with TFUEL facilitating seamless, low-cost transactions to enhance the efficiency of decentralized content delivery and streaming services.

Theta Fuel is primarily used to power transactions and operations on the Theta Network. It serves as a reward for users who contribute bandwidth and computing resources to support decentralized video streaming and content delivery. TFUEL is also used to pay transaction fees when deploying smart contracts or interacting with decentralized applications (dApps) on the Theta blockchain. Additionally, it facilitates micropayments for premium content and services within the Theta ecosystem, supporting a more efficient and decentralized approach to online video streaming and data sharing.

Theta Fuel was launched in 2019 as part of the broader Theta Network ecosystem, which was founded by Mitch Liu and Jieyi Long. While THETA serves as the governance token, TFUEL was introduced to handle operational aspects like transaction fees and incentivizing network participants. The Theta Network focuses on decentralized video streaming and content delivery, offering an alternative to traditional content distribution models. Over time, TFUEL has become integral to the Theta ecosystem, supporting the growth of decentralized applications (dApps) and enabling efficient, low-cost transactions on the platform.

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The current market cap of Theta Fuel is $246.67M. A high market cap implies that the asset is highly valued by the market.

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.

Over the last 24 hours, the trading volume of Theta Fuel is $2.30M.

Assets that have a similar market cap to Theta Fuel include Peanut the Squirrel, Golem, Golem (Old), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Theta Fuel is 7.1 billion.