Theta Fuel

Theta Fuel (TFUEL) is the operational token of the Theta network, a blockchain platform built around decentralized video streaming and content delivery. It functions as the 'gas' of the Theta protocol, meaning it is the unit users pay to interact with smart contracts, compensate network participants who relay video streams, and conduct on-chain transactions. The project targets the costs and inefficiencies of traditional content delivery networks by routing video traffic through a peer-to-peer mesh of users who share bandwidth.

Within the Theta network, users who relay video streams to other participants — called relayers — earn TFUEL as compensation for contributing their bandwidth and resources. Viewers or platforms pay TFUEL to access content or to deploy and interact with smart contracts on the Theta blockchain. The network is categorized under Proof of Stake consensus and is described as a Layer 1 blockchain, though specific details about block production time are recorded as zero in the data, so no further mechanical detail on confirmation speed can be stated.

TFUEL is spent by users interacting with the protocol — paying for smart contract execution and rewarding relayers — making those relayers the primary recipients of the fee flow. No specific fee revenue figures are stored in the data for this asset, so fee-based measures such as protocol revenue or earnings cannot be calculated here. What is recorded is that approximately 99.98% of the circulating supply has already been issued as of the point-in-time measurement, and the ratio of fully diluted valuation to market capitalization stands at 1.000161, meaning there is almost no remaining supply overhang, with pending dilution at roughly 0.016% of supply.