$ETHS is the pioneering token of the Ethereum blockchain's Ethscriptions protocol
Since its launch, leading industry media outlets and exchanges —including Coinmarketcap, Huobi, Gate.io, and OKX—have created introductory videos, hosted events, published articles, and shared tweets promoting Ethscriptions.
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$ETHS
The first inscription token launched on the Ethscriptions protocol
$ETHS Category
Token Supply
Notes
Fixed Total Supply
21,000,000 $ETHS
=21,000 original inscriptions
Market Value Information (as of 2023/10/28)
Current Price
$0.42/token
= $420/piece
Circulating Supply
21,000,000 $ETHS
100% fully circulating
Fully Diluted Valuation (FDV)
$8,932,200 USD
= Total token supply x Price per token
Total Market Cap
$8,751,000 USD
= Total circulation x Price per token
$ETHS Tokenomics Overview and Market Cap Analysis Table. (Updated as of 2025/1/15)
$ETHS Category
Token Supply
Notes
Fixed Total Supply
21,000,000 $ETHS
=21,000 original inscriptions
Market Value Information (as of 2023/10/28)
Current Price
$0.42/token
=$420/ piece
Circulating Supply
21,000,000 $ETHS
100% fully circulating
Fully Diluted Valuation (FDV)
$8,932,200 USD
= Total token supply x Price per token
Total Market Cap
$8,751,000 USD
= Total circulation x Price per token
$ETHS Tokenomics Overview and Market Cap Analysis Table. (Updated as of 2025/1/15)
Ethereum Infrastructure Ethscriptions is a revolutionary Ethereum L1 infrastructure enabling users to share
information and execute computations on Ethereum at extremely low cost. It offers all the interactive
functions of Layer 2, including swaps, lending, contract deployment, and token issuance. Its unique approach
bypasses expensive smart contract storage and execution by directly calling deterministic protocol rules on
calldata in the Ethereum mainnet for state calculations. This dramatically reduces gas fees to Layer 2
levels, without increasing costs for computational resource usage. This innovative approach has earned
Ethscriptions the nickname "Layer 2 killer" and "Layer 1.5," providing users with an economical way to
execute decentralized computations—particularly valuable when Layer 2s remain centralized and smart
contracts are prohibitively expensive for most users.
Since its release on June 17, 2024, Ethscriptions has achieved remarkable success: over a million Ethscriptions minted, more than 200,000 mainnet interactive addresses engaged, and billions in total transaction volume. Its interaction fees are up to 40 times cheaper than traditional NFT smart contract costs. The ecosystem's domain names offer distinct advantages over alternatives like ENS—instead of expensive, temporary leases, Ethscription domains are unique, permanent assets that can be traded freely and are integrated with major digital wallets and projects.
$ETHS Ecosystem Application Development
The ETHS protocol has undergone a year and a half of development, evolving from the Ethscriptions protocol
into the Ethereum scaling solution known as the FACET protocol. FACET is Ethereum's first "sovereignty-based
rollup." It builds upon the core rollup paper history by deriving its state from Ethereum transactions, but it
adopts a completely different approach.
Facet Decentralized Sequencing and Sequencer-Based: Utilizes L1 infrastructure to order transaction history.
Facet Introduces a Novel Gas Mechanism: Avoids the inherent risks of sealed bidirectional bridges and privileged keys.
How Facet Works
Facet is an EVM-compatible blockchain that leverages Ethereum's existing infrastructure for processing transactions and deriving state. The system operates as follows:
Through decentralized transaction publication based on sequencing, Facet eliminates the need for centralized sequencers, ensuring decentralized and tamper-proof state. Uniquely, Facet avoids sacred bridges and upgradable contracts, instead using a novel gas mechanism that is immutable at deployment. This approach mitigates the risks associated with managed governance and privileged keys.
Facet provides a safer and more trustless alternative to traditional rollups, offering a scalable platform for decentralized applications that align with Ethereum's vision of a decentralized world computer.
The $ETHS token holds a unique and important position in the Ethscriptions and FACET ecosystems. It is not only a symbol of the ecosystem but also provides a range of privileges and opportunities for holders. Currently, ETHS is used as the payment token for Facetswap, and in the future, ETHS will also evolve to offer more interesting empowerment and development potential due to its strong scalability.
Ethereum Infrastructure Ethscriptions is a revolutionary Ethereum L1 infrastructure enabling users to share
information and execute computations on Ethereum at extremely low cost. It offers all the interactive
functions of Layer 2, including swaps, lending, contract deployment, and token issuance. Its unique approach
bypasses expensive smart contract storage and execution by directly calling deterministic protocol rules on
calldata in the Ethereum mainnet for state calculations. This dramatically reduces gas fees to Layer 2
levels, without increasing costs for computational resource usage. This innovative approach has earned
Ethscriptions the nickname "Layer 2 killer" and "Layer 1.5," providing users with an economical way to
execute decentralized computations—particularly valuable when Layer 2s remain centralized and smart
contracts are prohibitively expensive for most users.
Since its release on June 17, 2024, Ethscriptions has achieved remarkable success: over a million Ethscriptions minted, more than 200,000 mainnet interactive addresses engaged, and billions in total transaction volume. Its interaction fees are up to 40 times cheaper than traditional NFT smart contract costs. The ecosystem's domain names offer distinct advantages over alternatives like ENS—instead of expensive, temporary leases, Ethscription domains are unique, permanent assets that can be traded freely and are integrated with major digital wallets and projects.
$ETHS Ecosystem Application Development
The ETHS protocol has undergone a year and a half of development, evolving from the Ethscriptions protocol
into the Ethereum scaling solution known as the FACET protocol. FACET is Ethereum's first "sovereignty-based
rollup." It builds upon the core rollup paper history by deriving its state from Ethereum transactions, but it
adopts a completely different approach.
Facet Decentralized Sequencing and Sequencer-Based: Utilizes L1 infrastructure to order transaction history.
Facet Introduces a Novel Gas Mechanism: Avoids the inherent risks of sealed bidirectional bridges and privileged keys.
How Facet Works
Facet is an EVM-compatible blockchain that leverages Ethereum's existing infrastructure for processing transactions and deriving state. The system operates as follows:
Through decentralized transaction publication based on sequencing, Facet eliminates the need for centralized sequencers, ensuring decentralized and tamper-proof state. Uniquely, Facet avoids sacred bridges and upgradable contracts, instead using a novel gas mechanism that is immutable at deployment. This approach mitigates the risks associated with managed governance and privileged keys.
Facet provides a safer and more trustless alternative to traditional rollups, offering a scalable platform for decentralized applications that align with Ethereum's vision of a decentralized world computer.
The $ETHS token holds a unique and important position in the Ethscriptions and FACET ecosystems. It is not only a symbol of the ecosystem but also provides a range of privileges and opportunities for holders. Currently, ETHS is used as the payment token for Facetswap, and in the future, ETHS will also evolve to offer more interesting empowerment and development potential due to its strong scalability.
