1 month ago
Ethereum is celebrating its ninth day today.
The network, launched connected July 30, 2015, was co-founded by respective salient crypto stakeholders, including Vitalik Buterin, Polkadot’s laminitis Gavin Wood, Consensys CEO Joseph Lubin, and Cardano’s laminitis Charles Hoskinson.
Since then, it has become the second-largest blockchain with a immense ecosystem that has birthed galore copy-cats. According to Etherscan, the web has processed 2.45 cardinal transactions successful 20.4 cardinal blocks during its nine-year history.
Dune Analytics data reveals a much broad picture, showing that it had implicit 7 cardinal progressive users and implicit 1 cardinal validators successful the past month. Additionally, DeFillama data showed determination are implicit 1,000 projects connected the blockchain with astir $71 cardinal successful assets locked connected the network.
Further, its marketplace capitalization present exceeds $400 billion, placing it among the top 25 planetary assets. The terms of ETH has besides risen to implicit $3,000, making it 1 of the astir costly integer assets successful the crypto market.
Ethereum has besides cemented itself arsenic a salient subordinate successful the crypto manufacture by introducing respective innovations and upgrades, including the palmy implementation of the Merge and Dencun hard forks. These upgrades transitioned the web from a proof-of-work to a proof-of-stake statement mechanics and drastically reduced its transaction fees to grounds lows.
Moreover, the caller motorboat of spot Ethereum exchange-traded money (ETF) products successful the United States makes it the lone integer asset, alongside Bitcoin, to beryllium approved for trading by the US Securities and Exchange Commission (SEC) connected American exchanges.
Crypto speech Coinbase underlined the network’s value for the broader crypto industry, pointing retired that Ethereum is the anchor of an full onchain ecosystem that has helped pave the mode for decentralized finance.
Despite these achievements, Buterin remains focused connected the future, expressing his anticipation for the adjacent decade’s developments. He wrote:
“Looking guardant to seeing what the adjacent decennary brings.”
The station Ethereum turns 9 with a $400B marketplace headdress and 2.45B transactions appeared archetypal connected CryptoSlate.
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