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Myb News · Nov 12, 2026

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Ether trades billions a day. But who actually owns Ethereum? Ethereum is the network. Ether, or ETH, is its coin. Think of Ethereum as a shared computer for money apps. ETH pays the fee to use it. People use those apps to trade, borrow and send digital dollars called stablecoins. The software can follow rules automatically, without someone approving every step. That doesn't make every app safe. Who built it? Vitalik Buterin proposed Ethereum in 2013. Co-founders including Gavin Wood and Joseph Lubin helped build it, and the network launched in July 2015. Who owns it? No single person or company. People own individual ETH coins. Developers maintain the software, and people running computers help operate the network. The Ethereum Foundation supports development, but it doesn't own Ethereum or everyone's coins. Buying ETH isn't buying shares in that foundation. Today: at 4:35 PM Eastern, ETH was about $2,019, down 2.87% over the previous 24 hours. Bitcoin and Solana were lower too, amid wider inflation and interest-rate worries. No single confirmed Ethereum announcement explains the whole drop. How much is trading? Reported dollar trading value over the same 24-hour window: • Tether: $45.26 billion • Bitcoin: $28.41 billion • Ether: $10.68 billion • Solana: $2.25 billion • XRP: $1.56 billion That's trading across tracked markets, not payments made on each network or fresh money pouring in. The same coins can trade repeatedly. Tether is designed to track the dollar, so it plays a different role from ETH. The bet: more use of Ethereum creates demand for ETH. The risk: competition and market sell-offs. A busy network doesn't guarantee a rising coin price. Link to mybnews.com

*Ether trades billions a day. But who actually owns Ethereum?* *Ethereum is the network. Ether, or ETH, is its coin.* Think of Ethereum as a shared computer for money apps. ETH pays the fee to use it. People use those apps to trade, borrow and send digital dollars called stablecoins. The software can follow rules automatically, without someone approving every step. That doesn't make every app safe. *Who built it?* Vitalik Buterin proposed Ethereum in 2013. Co-founders including Gavin Wood and Joseph Lubin helped build it, and the network launched in July 2015. *Who owns it? No single person or company.* People own individual ETH coins. Developers maintain the software, and people running computers help operate the network. The Ethereum Foundation supports development, but it doesn't own Ethereum or everyone's coins. Buying ETH isn't buying shares in that foundation. *Today:* at 4:35 PM Eastern, ETH was about *$2,019, down 2.87% over the previous 24 hours*. Bitcoin and Solana were lower too, amid wider inflation and interest-rate worries. No single confirmed Ethereum announcement explains the whole drop. *How much is trading?* Reported dollar trading value over the same 24-hour window: • Tether: *$45.26 billion* • Bitcoin: *$28.41 billion* • Ether: *$10.68 billion* • Solana: *$2.25 billion* • XRP: *$1.56 billion* That's trading across tracked markets, not payments made on each network or fresh money pouring in. The same coins can trade repeatedly. Tether is designed to track the dollar, so it plays a different role from ETH. *The bet:* more use of Ethereum creates demand for ETH. *The risk:* competition and market sell-offs. A busy network doesn't guarantee a rising coin price. Link to mybnews.com

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