Ether (ETH) is the name of the cryptocurrency that is used on the Ethereum blockchain platform. Ether is the second most popular cryptocurrency after Bitcoin and is the lifeblood of the Ethereum blockchain.  

Ether is used for various transactions happening on the Ethereum network which includes trading ETH with other tokens, paying or receiving funds in real-time, staking, and earning interest. Ether has grown steadily to become one of the stablecoins in the crypto industry.