A proton conducting electrode is provided. The proton conducting electrode includes a mixture of a fullerene derivative and an electron conducting catalyst, wherein the fullerene derivative is composed of carbon atoms that can form fullerene molecules and one or more proton (H.sup.+) dissociating groups introduced into said carbon atoms. The proton conducting electrode can be manufactured by coating a mixture containing the fullerene derivative and the electron conducting catalyst on a gas transmitting current collector. The proton conducting electrode can be used in a variety of applications, such as in electrochemical devices, including fuel cells.