What is the current price of Fuel Network?
The current price of Fuel Network is $0.0007662 with a 1.39% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Fuel is an Ethereum rollup platform built around its own virtual machine, the FuelVM, which runs transactions in parallel using a UTXO-based model instead of processing them one at a time. Its first production network, Fuel Ignition, went live on Ethereum mainnet in October 2024. FUEL is the native token that secures Fuel's decentralized sequencer through staking and pays for sequencing resources. It matters because Fuel is one of the few rollup projects that does not copy the Ethereum Virtual Machine, betting instead that a purpose-built execution design can scale further.
Fuel describes itself as an operating system for Ethereum rollups. The idea is to solve three problems together: parallel execution, state-minimized execution (keeping node requirements low) and interoperability. Developers write contracts in Sway, a Rust-inspired language designed for the FuelVM, and applications run on Ignition, which posts data to Ethereum.
The project highlights one-second block times, native support for multiple assets, native account abstraction and low fees. Ecosystem applications include the MIRA DEX, the Swaylend lending market and the Griffy prediction market. Official site: fuel.network. Documentation: docs.fuel.network.
Fuel is developed by Fuel Labs, founded in 2019 by Nick Dodson, who serves as CEO, and John Adler, a former ConsenSys scalability researcher known for early work on optimistic rollups.
UTXO-based state Fuel tracks assets and contract state with a UTXO model, similar in spirit to Bitcoin. Each transaction declares which inputs it touches.
Parallel execution Because dependencies are known before execution, the FuelVM can run non-conflicting transactions on multiple CPU cores at the same time instead of in a single queue. The project cites throughput of about 21,000 transactions per second per CPU core.
State minimization Features such as predicates (stateless spending conditions) and native assets reduce how much permanent state the chain must store, keeping node hardware requirements manageable.
Ethereum settlement Ignition posts transaction data to Ethereum, using blob space introduced by EIP-4844, and relies on Ethereum for final settlement and data availability.
Decentralized sequencing Transactions are ordered by a sequencer network secured by FUEL staking with a Tendermint-based proof-of-stake consensus.
According to the official token documentation, FUEL is used to:
The initial supply is 10 billion FUEL, with 3% annual inflation configured by the sequencer validator set. Allocation: purchasers 33.1%, community 20%, ecosystem and R&D 15.5% plus a further 15.5% locked for 24 months (stakeable), contributors 6% locked for 24 months and contributors 9.8% locked for 48 months, all released linearly. The project states that over 51% of supply goes to the community, ecosystem and R&D. FUEL is an ERC-20 token on Ethereum at 0x675B68AA4d9c2d3BB3F0397048e62E6B7192079c (Etherscan), with versions also on Fuel Ignition and BNB Smart Chain (BscScan).
Most Ethereum rollups run the EVM, which executes transactions sequentially and accumulates large amounts of state. Fuel chose to build a new virtual machine instead, trading compatibility for parallelism, native multi-asset support and lower state growth. The idea of fee-free transactions paid for by application stakers is also an unusual economic design among rollups.
Ignition's security depends on Ethereum for settlement and data availability, and on the rollup's proof and bridge system for withdrawals. Transaction ordering is handled by the FUEL-staked sequencer network. Fuel's website describes Ignition as a Stage 2 rollup, which refers to the level of decentralization in its upgrade and proof controls. Because rollup security models change over time, readers should check the documentation for the current configuration.
Fuel is a test of whether a rollup built from first principles can outperform EVM-compatible designs. If parallel execution and state minimization deliver in practice, its approach could influence how future Ethereum execution layers are built. Its long history in the rollup space and its open-source toolchain also make it a reference project for alternative VM design.
FUEL trades on centralized exchanges and on decentralized exchanges, including the MIRA DEX on Fuel Ignition and DEXs on Ethereum and BNB Smart Chain. Listings change, so confirm availability on each exchange and verify contract addresses before trading.
Staking instructions are published in the official staking guide.
Track Fuel Network live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Fuel Network on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Fuel Network with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Fuel Network with real money.
Read the complete paper trading guideThe current price of Fuel Network is $0.0007662 with a 1.39% change in the last 24 hours.
The daily trading volume is $83,651.38 representing a 81.55% change in the past 24 hours.
The market capitalization of Fuel Network is $5,268,182, ranking #753 globally.
The fully diluted valuation (FDV) of Fuel Network is $7,824,986, calculated assuming the total supply of 10,212,386,317 FUEL is in circulation.
Circulating: 6,875,502,492. Total: 10,212,386,317. Max: N/A.
In the last 24 hours, Fuel Network traded between a low of $0.000762 and a high of $0.0007785.
FUEL/USDTTether USDT0.0007662 USDT
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