Ethereum turns 10: Here’s how its booms and busts shaped history
From the ICO craze and CryptoKitties to the Merge and spot ETFs, Ethereum’s first decade is a reflection of crypto’s most chaotic and innovative moments.
Ethereum celebrated its 10-year anniversary on Wednesday, with renewed institutional momentum fueling hopes that Ether (ETH) could challenge its all-time high that was set in November 2021.
Over the past decade, Ethereum has become the largest decentralized finance (DeFi) blockchain, with nearly $85 billion in total value locked (TVL) at the time of writing.
Vitalik Buterin, Ethereum’s co-founder, circulated an early version of the white paper in 2013. The project raised $18.3 million in its initial coin offering (ICO) and officially launched in 2015 as a blockchain for smart contracts. Its cryptocurrency, Ether, now ranks as the second-largest cryptocurrency by market capitalization after Bitcoin (BTC).
