On July 30, it will turn 10 years since the launch of the main network of Ethereum – it was on this day that the first block was formed in the Ether blockchain, that is, the network actually began work. Eth token for years remains the second crypto acting in capitalization, and near the anniversary day its price exceeded $ 3800, which became the maximum of 2025, writes RBC Crypto.
In honor of the date, the second in the capitalization of cryptocurrency was launched by the festive non -replaceable token (NFT) called The Torch (torch). This token will be transmitted from the wallet to the wallet within 10 days, and on July 30, each Ethereum user will be able to create his own festive NFT.
NFT (Non-Fungible Tokens, non-replaced tokens) is unique digital objects with the ownership confirmed in the blockchain. They became part of cryptomania of 2021–2022, when images, videos and other collectible tokens were sold for hundreds of thousands of dollars, and whole cults were formed around collections like Bored Yacht Club.
“The torch is dedicated to people and values that have formed the first decade of Ethereum and will contribute to its future,” said Ethereum in X.
The first flare -carrier was one of the founders of Ethereum (ETH) Joe Lyubin, the second holder of the “Fakela” was the head of the Taiwan Audrey Tan Ministry of Digital Technologies. The remaining participants in the relay are not disclosed and are displayed on the Ethereum website as the current is transmitted to the corresponding blockchain address.
Together with Vitalik Buterin, the founders of the Ethereum blockchain are Charles Hoskinson (founder of Cardano), Mikhai Alisi (founder of Bitcoin Magazine), Anthony Di Iorio (founder of decentral), Amir Chetite, Gavin Wood (founder of Polkadot), Jeffrey Wilke (founder Grit Games) and Joseph Lubin (founder of Consensys and Metamask).
How much Ethereum cost
The first technical description of the Ethereum concept was published by Vitalik Butaterin in 2013. The collection of funds for the development of the project was held in 2014 by the independent non -profit organization Ethereum Foundation through ICO. In total, the developers then managed to attract almost 31.6 thousand bitcoins – about $ 18 million at the rate of that time.
Under the terms of the ICO, before the bidding, the price of the “broadcast” was originally set at 2000 ETH for 1 BTC and was supposed to remain this for 14 days before it increases to the final course of 1337 ETH for 1 BTC. 60 million ETH (more than $ 225 billion at the rate on July 21, 2025), for Ethereum Foundation, developers and early investors – 12 million coins (more than $ 45 billion) were allocated for participants in the ICO.
On July 30, the so-called genesis block (from the English Genesis Block) was launched, which marks the beginning of the work of any blockchain by creating the first block with transactions.
Initially, having started on the Proof-OF-Work algorithm, the network of the second cryptocurrency capitalization worked on the algorithm similar to Bitcoin, where the creation of new coins, validation of transactions and the safety of the entire network were provided through the power of special equipment.
After updating The Merge (transition from mining to stakeing) in 2021, instead of buying computing equipment, such as video cards, you need to block the ETH coin network in a special smart contract. Only through such investments can you get the opportunity to create new coins, as well as participate in the process of validation of user transactions, receiving a commission from them for operations.
From the price of the ICO, the cost of Ethereum increased by more than 12 thousand times, above the $ 3.7 thousand mark. According to CoinmarketCap, on July 21, 18:00 Moscow time. The record at the mark of about $ 4.9 thousand was recorded in November 2021. ETH has been on the second line for many years after bitcoin in the capitalization rating with an indicator above $ 455 billion at the moment.
The leader of the industry
After these years, Ethereum earned the status of a leader in the product market from the decentralized finance sector (Defi) and other technological blockchain solutions. And although many developments on the cryptornka appear or were originally developed in other networks or projects, Ethereum managed to create an infrastructure for tens of millions of users.
Such examples are smart contracts, decentralized crypto-rhizas (DEX), NFT. All these concepts existed before Ethereum, but gained widespread in the cryptornka thanks to it.
“What has begun as a specialized ecosystem now covers more than 80 countries with 870,000 validators, 13,600 knots and millions of users on all continents,” the Ethereum team wrote.
From the point of view of user deposits in the sector of Defi-Applications “Ether” for many years takes a leading position. The share of Ethereum from all capital blocked in Defi exceeds 63% (more than $ 103 billion), while the closest competitor SOLANA has only 6.3% ($ 10.3 billion), in Bitcoin – 5.3%, or $ 8.7 billion, according to Defillama. Such positions Ethereum occupies despite the fact that the cost of the transaction on the air is an order of magnitude higher than in competing networks. So, for example, the average transaction in SOLANA costs about $ 0.01, in Ethereum – above $ 1.3, as of July 21.
Ethereum was the first large blockchain, where Tether Stabcoin has launched, and still holds the championship in this industry, occupying a share of 50% ($ 130 billion) to capitalize stable tokens released on the network. The nearest competitor is Tron with a share of 31.4%, followed by SOLANA with a share of 4.3%.
An important factor that shows the unique role of Ethereum on the crypto, is that the asset has become the second in the world, on the basis of which the exchange funds (ETF) in the United States launched. ETF on Bitcoin was launched in early 2024, on Ethereum trading started in mid -2024. After more than a year, the US regulators have not approved funds for other cryptocurrencies, despite a more friendly policy against cryptocurrencies under the administration of US President Donald Trump.
As of July 22, the combined amount of capital in the management of nine registered American ETF amounted to $ 18.4 billion, which is a maximum since the launch in 2024, according to Sosovalue.
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Source: Cryptocurrency
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