What is Ethereal (ETRL) Crypto Coin? The Truth Behind the Layer-1 Blockchain Claim
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If you’ve heard of Ethereal (ETRL) and are wondering if it’s the next big thing in crypto, you’re not alone. But here’s the reality: Ethereal isn’t what most people think it is. It’s not Ethereum. It’s not a well-known altcoin like Solana or Polygon. And despite claims of being a high-speed, gas-free Layer-1 blockchain, there’s almost no evidence it’s actually being used by anyone.
Is Ethereal a Blockchain or Just a Token?
This is the first big confusion around Ethereal. Some sources say ETRL is a standalone blockchain - a Layer-1 network designed to compete with Ethereum and Solana. Others say it’s just an ERC-20 token running on the Ethereum network. Which one is true?
The answer? Both, and neither. Ethereal’s official documentation claims to be a Layer-1 blockchain with its own network, promising EVM compatibility, 65,000 transactions per second, and zero gas fees. But if you check the contract address on BscScan or Etherscan, you’ll find that ETRL is actually an ERC-20 token on the BNB Smart Chain, with the address 0x22714c3532b4D52256f3c683e34170266b888D55. That means it’s not a blockchain at all - it’s a token built on top of another blockchain. This contradiction isn’t a small detail. It’s a red flag.
Zero Circulation, 50 Million Tokens
Even stranger? According to Coinbase, out of 50 million ETRL tokens ever created, zero are in circulation. That’s not a typo. No one is holding it. No one is trading it. No one is using it. Meanwhile, Livecoinwatch lists a price of $0.00087, but that’s based on almost no trading volume. If nobody owns it, how can it have a price?
This isn’t how legitimate projects operate. Real cryptocurrencies have active wallets, real users, and verified transactions. Ethereum has over 100 million active addresses. Solana processes millions of transactions daily. Ethereal? The blockchain explorer shows no activity. The token’s supply is locked. No one is staking it. No one is farming it. The whole ecosystem is a ghost town.
Who’s Even Talking About It?
Look at the community. Ethereal’s official Twitter account has fewer than 300 followers. Compare that to Solana’s 3.8 million or Ethereum’s 3.2 million. There are no active Reddit threads about ETRL on r/CryptoCurrency. No developer forums. No GitHub repositories with code. No Discord servers with real conversations. No YouTube tutorials explaining how to use it. No blog posts from developers who’ve built on it.
When a project claims to be for enterprises, DeFi, and Web3 gaming, you expect to see at least one live dApp. You expect to see developers asking for help on Stack Overflow. You expect to see real users complaining about bugs or praising features. With Ethereal? Nothing. Not a single verified use case exists in public records.
Technical Claims That Don’t Add Up
The project’s website says it uses a “leaderless Proof-of-Stake Byzantine Fault Tolerance” system that gives “absolute finality.” That sounds impressive - until you realize no independent audit, no whitepaper with detailed architecture, and no open-source code support those claims. If it were a real Layer-1 blockchain, you’d see detailed technical specs on GitHub, public validator lists, and block explorers showing live data. You’d see block times, gas-free transaction logs, and developer toolkits. You don’t.
It also claims to support zk-SNARKs, optimistic rollups, and sidechains. But again - no code. No testnet. No documentation for developers. These aren’t buzzwords you throw into a marketing page. They’re complex technologies that take years to build and test. If Ethereal had them, the crypto community would be talking about it. Instead, CoinCodex says they can’t even generate a price prediction because there’s not enough trading data.
How Does It Compare to Real Layer-1 Blockchains?
Let’s put Ethereal next to the real players:
- Ethereum: Processes 15-30 TPS, high gas fees, but has over 4,000 dApps, 100M+ addresses, and the largest developer base in crypto.
- Solana: Handles up to 65,000 TPS, low fees, 500+ active dApps, and a thriving DeFi and NFT ecosystem.
- Polygon: EVM-compatible, scales Ethereum, 7,000 TPS, used by big names like Disney and Starbucks.
- Ethereal (ETRL): Claims 65,000 TPS and zero gas fees, but has 0 tokens in circulation, no dApps, no developers, and no real network activity.
The difference isn’t just scale - it’s existence. Ethereum and Solana are built by teams of hundreds of engineers, backed by billions in funding, and used by millions. Ethereal? It exists as a token on a blockchain, with no real infrastructure behind it.
Why Does This Even Exist?
You might wonder: if it’s not real, why is it listed on exchanges like Binance and Bitget? The answer is simple - low-effort token listings. Many exchanges allow anyone to create and list a token for a small fee. There’s no vetting process. No requirement for code, no need for a working product. As long as someone pays, the token gets listed.
This is how pump-and-dump schemes get started. A small group creates a token, markets it with flashy claims (“gas-free!” “EVM-compatible!” “enterprise-ready!”), lists it on a few exchanges, and waits for retail investors to buy in. Then, they quietly sell their holdings. The price crashes. The project disappears. And the people who bought it are left holding worthless tokens.
ETRL fits this pattern perfectly. The launch date is unclear - some say 2017, others say 2023. The team is anonymous. The roadmap is vague: “upcoming DeFi integrations” and “events to foster engagement.” No dates. No deliverables. No proof.
Should You Buy Ethereal (ETRL)?
Short answer? No.
If you’re looking for a crypto project with real potential, ETRL isn’t it. It doesn’t have a network, it doesn’t have users, and it doesn’t have a team you can verify. The fact that it’s listed on major exchanges doesn’t make it safe - it just means the exchange doesn’t check for substance.
Even if you believe the claims, there’s no way to use it. You can’t build on it. You can’t stake it meaningfully. You can’t transfer it to a wallet and expect it to do anything. It’s a digital ghost.
There are hundreds of legitimate Layer-1 blockchains with active communities, real code, and proven track records. Why risk your money on one that doesn’t even exist?
What to Look for in a Real Crypto Project
If you’re evaluating any crypto project, ask these questions:
- Is there open-source code on GitHub?
- Are there active developers posting commits?
- Is there a live blockchain explorer with real transactions?
- Are tokens in circulation, or is the supply locked?
- Is there a real community - not just a Twitter account with 200 followers?
- Are there actual dApps running on the network?
If the answer to any of these is no, walk away. Ethereal fails every single one.
Final Thoughts
Ethereal (ETRL) isn’t a blockchain. It’s not a cryptocurrency. It’s a token with no network, no users, and no future. The claims sound good on paper - gas-free, fast, EVM-compatible - but they’re just marketing fluff with no technical backing.
There’s no mystery here. This isn’t a hidden gem. It’s a warning sign. If you see a crypto project with zero activity, anonymous developers, and a token supply that doesn’t circulate - don’t buy it. Don’t even look at it twice.
The crypto space is full of real innovation. Don’t waste your time on ghosts.
Is Ethereal (ETRL) a real blockchain?
No. Despite claims on its website, ETRL is not a standalone blockchain. It’s an ERC-20 token built on the BNB Smart Chain, with no independent network, no live blockchain explorer, and no verifiable infrastructure. The Layer-1 claims are misleading.
Why is the circulating supply of ETRL zero?
The circulating supply is zero because no one holds or trades the token. All 50 million tokens are locked or unclaimed. This is a major red flag - legitimate projects have active users and trading volume. Zero circulation means the project has no real adoption.
Can I stake or earn rewards with ETRL?
Technically, some platforms list staking options, but since no tokens are in circulation and there’s no working network, staking is meaningless. There are no validators, no rewards being paid, and no way to verify if staking even functions. It’s a simulation, not a real system.
Is Ethereal listed on major exchanges like Coinbase and Binance?
Yes, it’s listed on a few exchanges, including Binance and Bitget. But listing doesn’t mean legitimacy. Many exchanges allow anyone to pay a fee to list a token. There’s no vetting for functionality, team credibility, or real-world use. Always check for active trading and community support - not just exchange listings.
Should I invest in Ethereal (ETRL)?
No. With zero circulating supply, no developer activity, no dApps, and no community, ETRL has no value beyond speculative trading. It’s a high-risk, low-reward asset with no foundation. Investing in it is gambling, not crypto investing. Stick to projects with transparent code, active users, and proven track records.
Is Ethereal related to Ethereum?
No. Ethereal (ETRL) is not affiliated with Ethereum in any way. The name is similar, which may cause confusion, but they are completely separate. Ethereum is a mature, decentralized network with billions in market cap. Ethereal is an obscure token with no real network.
Kaela Coren
November 2, 2025 AT 11:07The discrepancy between ETRL's claimed Layer-1 infrastructure and its actual status as an ERC-20 token on BSC is not merely a technical inconsistency-it is a fundamental breach of transparency in crypto. When a project misrepresents its architecture, it undermines the very foundation of trust required for decentralized systems. This is not ignorance; it is deliberate obfuscation.
Helen Hardman
November 3, 2025 AT 04:53Okay, but let’s be real-how many of us have fallen for something that looked too good to be true? I mean, ‘zero gas fees’ and ‘65k TPS’? That’s like saying your toaster can launch rockets. I checked the contract address myself and saw zero transactions. I literally cried laughing. If this were a movie, it’d be a comedy. But it’s not. People are losing money. 😔
Bhavna Suri
November 5, 2025 AT 00:17This is scam. No one use it. No one know it. Just fake. Money go away. Sad.
Elizabeth Melendez
November 6, 2025 AT 22:17Ugh, I just checked BscScan again and yep-still zero circulating supply. Like, how is this even possible? I thought maybe I missed something, but nope. No transactions, no wallets, no devs, no nothing. And they’re still listing it on Binance? Bro. I’m not mad, I’m just disappointed. We need better filters. This is why newbies get burned. 😞
Phil Higgins
November 7, 2025 AT 17:41There is a pattern here. Not a coincidence. The absence of code, community, and credible development is not an oversight-it is the signature of a predatory structure. The crypto space has become a frontier for unregulated financial exploitation. We are not witnessing innovation; we are witnessing the commodification of hope. This is not a token. It is a psychological weapon.
Genevieve Rachal
November 8, 2025 AT 12:52Wow. Just wow. Someone actually believed this? You people are the reason crypto is a joke. ‘Zero gas fees’? ‘Layer-1’? You didn’t even check the contract address? I’ve seen toddlers with better due diligence. This isn’t a scam-it’s a public service announcement for why you shouldn’t leave your brain at the door when you click ‘Buy’.
Eli PINEDA
November 9, 2025 AT 15:04wait so its on bsc but claims to be its own chain? that sounds like if i said my toy car is a ferrari because i painted it red… but like… why? 😅
Debby Ananda
November 10, 2025 AT 08:17ETRL? More like E-TRASH. 💀 I’ve seen ghost towns in the desert with more activity than this ‘blockchain’. Someone’s cashing out while you’re reading this. Don’t be the last one holding the bag. 🚩
Vicki Fletcher
November 10, 2025 AT 22:54Wait-so… if there are 50 million tokens… and zero are in circulation… then… who owns them? And why hasn’t anyone burned them? And if the team is anonymous… then… is this even legal? I’m not asking because I’m confused-I’m asking because I’m terrified.
Nadiya Edwards
November 11, 2025 AT 15:59They want you to think this is about crypto. But it’s not. It’s about control. They create these ghosts so you’ll keep chasing shadows instead of questioning the system that lets them exist. The exchanges? The regulators? They’re all part of the same machine. This isn’t a token. It’s a test. And we’re failing.
Ron Cassel
November 11, 2025 AT 23:03THEY’RE USING THE NAME ‘ETHEREAL’ TO TRICK PEOPLE INTO THINKING IT’S RELATED TO ETHEREUM. THIS IS A CLASSIC MANIPULATION TACTIC. THE FEDS KNOW ABOUT THIS. THE SEC KNOWS. BUT THEY LET IT HAPPEN BECAUSE THEY’RE COMPROMISED. YOU THINK THIS IS A SCAM? NO. THIS IS A COORDINATED ATTACK ON THE PUBLIC’S TRUST. WAKE UP.
Malinda Black
November 11, 2025 AT 23:04It’s okay to feel confused. I felt the same way when I first saw this. But take a breath. Look at the facts: no code, no users, no transactions. You don’t need to be an expert to see this doesn’t add up. You’re not dumb for wondering. You’re smart for asking. Walk away gently. There are better places to put your energy-and your money.
ISAH Isah
November 13, 2025 AT 09:40Chris Strife
November 14, 2025 AT 07:31Mehak Sharma
November 15, 2025 AT 18:01Imagine building a palace out of smoke-glittering, grand, shimmering under the sun-and when you step inside, there’s nothing but wind. That is ETRL. The architects never laid a single brick. They only painted the illusion. And yet, people bring their gold to buy tickets to a house that has no walls. The tragedy is not the fraud-it is the willingness to be fooled.
Monty Tran
November 16, 2025 AT 17:47Anyone who still thinks this is real needs to stop scrolling TikTok crypto ads. You’re not investing-you’re auditioning for a reality show where the prize is financial ruin. This isn’t DeFi. It’s DeFRAUD.
Shaunn Graves
November 17, 2025 AT 04:18Why is this even on Binance? I thought they had some kind of vetting? Are they just taking money from devs to list? If so, that’s disgusting. They’re not a marketplace-they’re a casino with a blockchain logo.
Jessica Hulst
November 18, 2025 AT 03:36It’s funny how the most outlandish claims always come with the most sterile websites. ‘Leaderless PoS Byzantine Fault Tolerance’? That’s not a tech spec-it’s a thesaurus explosion. And yet, people nod along like it’s gospel. I wonder how many of them actually read the whitepaper… or if they just copy-pasted the buzzwords into their portfolio notes.
Nabil ben Salah Nasri
November 18, 2025 AT 21:49Hey everyone-just wanted to say thank you for this thread. I was about to buy ETRL because I saw it on Binance and thought, ‘Maybe this is the one!’ But now I’m so glad I didn’t. 🙏 I’m sharing this with my cousin who’s new to crypto. We need more people like you who speak truth without yelling. Keep going. 💙