🎉 Ethereum celebrates its 10th anniversary: how the network has grown over this time 🎉
On July 30, 2023, the Ethereum blockchain celebrates its anniversary — 10 years since the launch of the mainnet. Since the first block, ETH has shown significant development and strong positions in the cryptocurrency market. Against the backdrop of the upcoming anniversary, the ETH token reached a price of $3800, which is the maximum for 2025.
In honor of Ethereum's tenth anniversary, the community released a unique non-fungible token (NFT) called The Torch. This token will be passed from one wallet to another over 10 days, and each user can create their own festive NFT. The first 'torchbearer' was Ethereum co-founder Joe Lubin, followed by the head of Taiwan's digital technology ministry, Audrey Tang.
Since its ICO in 2014, Ethereum has grown to the second-largest cryptocurrency by market capitalization with assets exceeding $455 billion. Despite the increase in transaction fees, Ethereum continues to dominate the decentralized finance space, holding over 63% of the total locked capital in DeFi applications.
Ethereum has become the foundation for many technologies, such as smart contracts and decentralized exchanges (DEX). Its role in the crypto world is undeniable, and the infrastructure based on ETH covers more than 80 countries and millions of users worldwide.
👉 Over ten years, Ethereum has transformed from a concept into one of the largest players in the crypto market, and its contribution to the industry cannot be underestimated.
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