Ethereum has officially turned ten, marking a decade since the launch of its mainnet, Frontier, on 30 July 2015. Conceived by Vitalik Buterin in 2013, the platform was designed to surpass Bitcoin's limitations by enabling smart contracts and decentralised applications.
The project's early years were defined by significant milestones. A 2014 ICO raised over $18 million, but controversy soon followed. In 2016, a high-profile hack of The DAO led to a hard fork, splitting Ethereum into two chains.
During the 2017 ICO boom, Ethereum became the backbone for thousands of token launches, though the market later crashed under regulatory pressure. ETH's price plummeted from near $1,450 to under $100.
Ethereum's evolution has continued at pace. In 2022, the network transitioned to proof-of-stake through The Merge, cutting energy use by over 99%. Recent years brought soaring adoption, with DeFi, NFTs, and institutions cementing Ethereum's place in crypto infrastructure.
Today, ETH trades near $3,800, with analysts forecasting potential highs of $15,000 within the next five years.
To commemorate its anniversary, the Ethereum Foundation has hosted global events and launched an NFT torch passed between community wallets, highlighting the network's commitment to decentralisation and innovation.
