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Ethereum Marks 10th Anniversary With $3700 Surge and $584K Gas Spend

Ethereum marked its 10th anniversary on July 30, 2025, with a series of global events and the launch of a commemorative NFT, drawing widespread attention from the blockchain community. The Ethereum Foundation, along with leading developers and community members, organized the celebrations, which included a special NFT release, funded meetups under the Ecosystem Support Program, and a global recognition of Ethereum’s transformative impact on blockchain technology [1]. The anniversary highlights the platform’s sustained influence, evidenced by rising market activity and a surge in ETH price to around $3,700 [2].

The Ethereum Torch NFT, launched to commemorate the occasion, symbolizes the platform’s journey and honors key contributors over the past decade. Passed from wallet to wallet, the NFT is designed to reflect the collaborative spirit and innovation that have defined Ethereum’s growth [2]. The event also included heightened on-chain activity, with the Torch NFT minting alone consuming $584,000 in gas fees, signaling strong community engagement and interest [3].

Ethereum’s anniversary coincided with broader advancements in the crypto space, including institutional interest in Ether as an alternative reserve asset and discussions on regulatory developments in the U.S. Vitalik Buterin, a core figure in the Ethereum movement, reiterated the platform’s mission to foster digital autonomy and enable decentralized applications that enhance human cooperation [2]. Developers like Justin Drake emphasized Ethereum’s 100% uptime and over 35.7 million ETH staked, representing roughly $130 billion in value [2]. Looking ahead, the network is focusing on scaling solutions, aiming to push Layer 1 throughput to 1 gigagas/s and Layer 2 to 1 teragas/s, positioning Ethereum for a “beast mode” operation [2].

The anniversary celebrations also underscored the platform’s global reach, with events hosted in cities such as Prague and Atlanta, showcasing the enthusiasm for Ethereum’s legacy and future potential [3]. Limited-time initiatives, such as Bitpanda’s double staking rewards, encouraged further participation in securing and decentralizing the network [1]. As Ethereum continues to evolve from a smart contract platform to a foundational layer for the next-generation global economy, the focus remains on improvements in consensus, data availability, and execution efficiency [2].

The Ethereum 10th anniversary not only celebrates past achievements but also reinforces the platform’s strategic positioning in the future of blockchain innovation. With a growing ecosystem and expanding institutional adoption, Ethereum remains at the forefront of the decentralized economy. The combination of global events, community-driven initiatives, and technological advancements illustrates Ethereum’s enduring role in shaping the future of digital finance and decentralized technologies [1][2][3].

Sources: [1] https://blog.bitpanda.com/en/celebrate-10-years-ethereum-blockchain-double-staking-rewards [2] https://medium.com/@Rhaez/ethereum-at-10-commemorate-mint-and-trade-smart-fa4f9cf9e01b

[3] https://www.bitget.com/price/apenft/news [4] https://x.com/pwndao?lang=en [5] https://cointelegraph.com/tags/cryptocurrency-investment

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