Ethereum turns 10: Here’s how its booms and busts shaped history
Ethereum celebrated its 10-year anniversary, marked by significant events that influenced the cryptocurrency landscape. Launched after raising $18.3 million in 2015, Ethereum quickly rose to become the leading decentralized finance (DeFi) blockchain, achieving a significant total value locked (TVL). Early challenges included The DAO hack in 2016, prompting a hard fork that led to Ethereum Classic. The subsequent ICO boom propelled ETH prices to an all-time high of approximately $1,450 in January 2018. After experiencing a downturn, Ethereum found renewed momentum during the DeFi summer of 2020, culminating in rising gas fees and increased network usage. The NFT market further propelled Ethereum's acclaim in 2021, peaking at $4,891 in November. However, 2022 witnessed significant market crashes, yet Ethereum successfully transitioned to proof-of-stake in September. In recent years, new projects like Arbitrum and Optimism emerged, fostering a renewed interest in Ethereum. By 2025, Ethereum saw increased institutional adoption with the introduction of ETH ETFs, stabilizing Ether's price around $3,800 after market fluctuations.
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