Today, Theta Fuel (TFUEL) is priced at $0.03279**, with a 24-hour trading volume of **$2.53 million. Over the past 24 hours, TFUEL has shown 0% change in value. The circulating supply stands at 6.99 billion TFUEL.
What Is Theta Fuel?
Theta Fuel (TFUEL) is the utility cryptocurrency powering the Theta Network, a blockchain protocol designed to optimize video content delivery. The ecosystem comprises two tokens:
- TFUEL: Used for transactions and incentivizing peer-to-peer resource sharing.
- Theta Token (THETA): Governance token for network decisions.
👉 Discover how THETA complements TFUEL
TFUEL rewards users for sharing bandwidth and computing resources. Its utility expands with platform upgrades—like NFT integrations (e.g., digital collectibles priced in TFUEL).
Historical Milestones of Theta Fuel
- 2017: Theta Network introduced via Medium.
- 2018: Launched THETA (ERC-20) and later TFUEL to separate governance from operations.
- 2020: Mainnet 2.0 debuted with Guardian Nodes, enhancing scalability.
- 2021: Mainnet 3.0 added smart contract support for Web3 applications.
- 2022: Announced Theta Metachain (subchain architecture) for Mainnet 4.0.
How Theta Fuel Works
Theta Network leverages Ethereum’s security while using proprietary multi-level BFT consensus for speed. Key features:
- EdgeCast: P2P streaming technology.
- Micro-payment pools: Enable off-chain transactions.
Use Cases for TFUEL
- Gas Fees: Pays for transactions and smart contracts.
- Node Incentives: Earned by relaying video streams.
- NFTs: Currency for digital collectibles.
FAQs About Theta Fuel
Q: Can I stake TFUEL?
A: No—staking uses THETA. TFUEL is for transactions.
Q: What drives TFUEL’s price?
A: Demand for Theta Network’s video services and NFT adoption.
Q: Where to buy TFUEL?
A: Major exchanges like 👉 OKX.
Q: Is TFUEL inflationary?
A: Yes—annual supply increases by ~5%.