10th Anniversary of Ethereum and Its Impact on the NFT Market

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by Giorgi Kostiuk

a year ago

Ethereum's 10th anniversary is marked by significant initiatives and a spike in NFT trading, affirming its importance in the crypto industry.

Ethereum's Anniversary Initiatives

Joseph Lubin, Ethereum's co-founder, initiated a symbolic 'Torch' NFT event to celebrate Ethereum's 10th anniversary, announced by the Ethereum Foundation on July 21, 2025. The 'Torch' will circulate among community members in the 10 days leading up to the anniversary.

Surge in NFT Trading Volumes

This anniversary triggered a surge in Ethereum-based NFT trading, with weekly volumes hitting $75 million. This underscores Ethereum's critical role in the NFT market, despite the volatility of the broader crypto environment.

Market Outlook and Impact

The open minting on July 30 may drive increased on-chain activity and ETH gas usage, potentially unlocking total value locked in Ethereum-based NFT platforms. Additionally, celebrating the 10th anniversary may influence governance tokens and Layer 2 protocols in the long term.

By marking 10 years of Ethereum, the 'Torch' initiative highlights its significance in the NFT ecosystem and opens new opportunities for the market.

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