We are excited to announce that we are listing $ESP on Tothemoon, now with no trading fees.

What is Espresso?

Espresso is a high-performance base layer (often referred to as a Layer 1 or global confirmation network) purpose-built for rollups and Layer-2 blockchains. It provides a shared, decentralized confirmation layer that secures transaction ordering and data availability across multiple chains using a Byzantine Fault Tolerant consensus protocol called HotShot, which finalizes transactions in seconds rather than the many minutes typical of posting to Ethereum mainnet. By decoupling the sequencing and consensus functions from individual rollup sequencers, Espresso enables faster, more secure transaction finality and real-time cross-chain composability for applications like bridges, cross-chain decentralized exchanges, and interoperable contracts. Rollups integrated with Espresso can either use it alongside another settlement layer like Ethereum or as their primary confirmation layer, benefiting from lower operating costs, high throughput, and a neutral, decentralized source of truth for shared state commitments.

What is $ESP?

$ESP is the native token of the Espresso Network and functions as the core economic and security asset of the protocol. Launched as part of Espresso’s transition to a permissionless proof-of-stake blockchain, $ESP is issued as an ERC-20 token on Ethereum with an initial total supply of roughly 3.59 billion tokens and no fixed maximum due to ongoing staking reward issuance. Holders use $ESP to participate in securing the network by staking or delegating to validators in the HotShot consensus, earning rewards and helping defend against attacks. The token also serves as the medium for protocol fees related to data availability and sequencing services, aligns incentives across the ecosystem, and is expected to support governance functions through the Espresso Foundation or future DAO mechanisms. A portion of the supply was distributed to early participants via a community airdrop, with additional allocations for contributors, investors, and long-term incentives designed to encourage ecosystem growth and decentralization.

Circulating Supply: 520,550,000

Total Supply: 3,590,000,000

Max Supply: ∞

Trade $ESP now

You can now trade ESP/USDC and ESP/USDT on our platform, with no trading fees.