The standard electrode potential is a measure of the tendency of an electrode to gain or lose electrons when it is in its standard state, which is defined as the potential of the electrode when it is in its standard state and the reaction is at standard conditions (25ยฐC, 1 atm pressure, and 1 M concentration of all solutes). It is a fundamental concept in electrochemistry and is used to predict the direction and spontaneity of redox reactions.