Ethereum has made a brutal bounce of 42% up in just eight trading days after months of constant pressure. Before this rise that started on May 8, the crypto had lost more than 66% since the peak in November, falling along with other risk assets after the headlines from Liberation Day. Launched in 2015 by Vitalik Buterin and a small group of developers, Ethereum is an open-source blockchain that introduced the concept of programmable smart contracts, code that runs exactly as written, without pauses, fraud, or interference. This innovation gave rise to an entire ecosystem of decentralized applications, from finance (DeFi) to digital art (NFTs) and much more. Ether (ETH), the native token, serves both as 'fuel' for these contracts and as a store of value for those securing the network through staking. The developer community of Ethereum and its increasing uses make it a benchmark in the crypto world.
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