# What ETH Can Do

*Author: Bankless*
*Published: Feb 9, 2024*
*Source: https://www.bankless.com/es/read/what-eth-can-do*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Frame-50474--7--2.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=bitcoin-powers-on&email=true)

  

     What ETH Can Do
  
  

  
  Published on Feb 9, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=bitcoin-powers-on&email=true) — Mass adoption of decentralized & token-governed technologies.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   The EigenLayer Boom
  
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Group-14--8-.png)](https://www.bankless.com/dashboard)- 📈 **EigenLayer nears $6B**. In the past week, the total value locked (TVL) in the leading Ethereum restaking protocol tripled from $2B to $6B. The growth comes as the project just [temporarily lifted its deposit caps](https://twitter.com/eigenlayer/status/1754596238761332939). 
- 🎉 **Party Rooms arrive**.** **Multiplayer maestros PartyDAO introduced [Party Rooms](https://twitter.com/prtyDAO/status/1756016567186338151), a new way to group up onchain featuring a private chat + crypto wallet combo for teaming up around any idea. 
- 🏆** Crypto The Game concludes**.** **Today, players previously eliminated in the Survivor-meets-crypto contest cast their jury votes to [decide which of the 21 finalists](https://twitter.com/cryptothegame_/status/1756001190427709567) win the game's 41 ETH (~$100K) prize pot. 

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Bitcoin Powers On
  
  

  

 
 

🟠** Bitcoin doesn't want to stop**. Early this morning, the OG crypto surpassed $47,000 again as inflows showed Thursday emerging as a landmark day for spot BTC ETFs. *Is +$50K coming sooner rather than later*?

[Get Today's Full Market Analysis](https://www.bankless.com/bitcoin-powers-on)

Prices as of 2pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.8t
       

  
    
    ↗ 4.4%
    
  

   
    
    ↗ 9.6%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $47,894.28
       

  
    
    ↗ 6.0%
    
  

   
    
    ↗ 11.7%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,513.52
       

  
    
    ↗ 3.5%
    
  

   
    
    ↗ 9.6%
    
  

  

.  .  .

 
  
    

    LEARN

  
  
    
   
  The Bankless Guide to Ethereum
  
  
  
  
   
     
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/image---2024-02-08T182126.426.png)](https://www.bankless.com/bankless-guide-to-ethereum/)Maybe you've been here a while and you're afraid to ask: what can ETH do?

Today, we go back to basics with *The Bankless Guide to Ethereum*, offering up some early context to help you make sense of why ETH is such a big deal. If you're still hungry for more, we think you'll find some other [guides](https://www.bankless.com/read/topic/guides) that will pique your interest. 😉

[Read the Full Guide](https://www.bankless.com/bankless-guide-to-ethereum/)
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