晨光Crypto
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Ethereum's Decade: From Smart Contracts to a World Computer, Where Has ETH Come?
Today marks the tenth anniversary of the Ethereum mainnet.
On July 30, 2015, Ethereum officially launched, transforming from an idealistic project written in a white paper to the most important 'application layer infrastructure' in the blockchain world. Those who were speculating on Ethereum's crowdfunding price back then have either exited or are now watching the spectacle, while those who truly remained have already witnessed a decade of ups and downs.
What has Ethereum accomplished in these ten years?
🔹 It has brought 'smart contracts' into reality, triggering the explosive growth of multiple sectors such as DeFi, NFT, and DAO;
🔹 It is the only public blockchain that has completed a 'system-level change', switching from PoW to PoS, experiencing the most complex and successful merger upgrade;
🔹 It has also endured the most skepticism: high Gas fees, slow upgrades, proliferation of Layer 2, MEV issues, regulatory pressure...
But ultimately, Ethereum is currently the only large public blockchain that can accommodate multi-chain narratives, support asset logic, and uphold global developer consensus.
Is today's ETH still worth a heavy investment?
My answer is: yes, but not blindly.
Because ETH is not a paradise for speculators, but it is the soil for builders. The structural market trends of the future may not come from hot rotations but from the evolution of underlying protocols and the reconstruction of consensus — and for this, ETH naturally possesses the accumulation of time and consensus barriers.
The tenth anniversary is not a full stop, but a new starting point.
The Layer 2 ecosystem is still expanding, the Verkle tree upgrade is about to go live, and the modularization direction is accelerating. If the first ten years were about 'laying the foundation,' the next ten years may be about truly constructing the 'application layer' of the on-chain world.
Whether you are an early miner, a DeFi OG, or an ordinary player who just entered the arena in 2021, today is worth giving ETH a thumbs up — there are not many public blockchains that can survive for ten years, and ETH not only survives but continues to evolve.
Happy tenth anniversary to ETH, and best wishes to all builders and holders, may the next cycle truly reap the fruits of value release.
Today marks the tenth anniversary of the Ethereum mainnet.
On July 30, 2015, Ethereum officially launched, transforming from an idealistic project written in a white paper to the most important 'application layer infrastructure' in the blockchain world. Those who were speculating on Ethereum's crowdfunding price back then have either exited or are now watching the spectacle, while those who truly remained have already witnessed a decade of ups and downs.
What has Ethereum accomplished in these ten years?
🔹 It has brought 'smart contracts' into reality, triggering the explosive growth of multiple sectors such as DeFi, NFT, and DAO;
🔹 It is the only public blockchain that has completed a 'system-level change', switching from PoW to PoS, experiencing the most complex and successful merger upgrade;
🔹 It has also endured the most skepticism: high Gas fees, slow upgrades, proliferation of Layer 2, MEV issues, regulatory pressure...
But ultimately, Ethereum is currently the only large public blockchain that can accommodate multi-chain narratives, support asset logic, and uphold global developer consensus.
Is today's ETH still worth a heavy investment?
My answer is: yes, but not blindly.
Because ETH is not a paradise for speculators, but it is the soil for builders. The structural market trends of the future may not come from hot rotations but from the evolution of underlying protocols and the reconstruction of consensus — and for this, ETH naturally possesses the accumulation of time and consensus barriers.
The tenth anniversary is not a full stop, but a new starting point.
The Layer 2 ecosystem is still expanding, the Verkle tree upgrade is about to go live, and the modularization direction is accelerating. If the first ten years were about 'laying the foundation,' the next ten years may be about truly constructing the 'application layer' of the on-chain world.
Whether you are an early miner, a DeFi OG, or an ordinary player who just entered the arena in 2021, today is worth giving ETH a thumbs up — there are not many public blockchains that can survive for ten years, and ETH not only survives but continues to evolve.
Happy tenth anniversary to ETH, and best wishes to all builders and holders, may the next cycle truly reap the fruits of value release.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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