[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"blog-categories-en":3,"wp-translations":54,"fetchPost-crypto-news\u002Fethereum-turns-10-en-1":58},[4,14,22,30,38,46],{"id":5,"graphqlId":6,"name":7,"slug":8,"image":9,"uri":10,"count":11,"children":12,"locale":13},57,"dGVybTo1Nw==","Convert Guide","convert-guide",null,"\u002Fcategory\u002Fconvert-guide\u002F",27,[],"EN",{"id":15,"graphqlId":16,"name":17,"slug":18,"image":9,"uri":19,"count":20,"children":21,"locale":13},1,"dGVybTox","Crypto News","crypto-news","\u002Fcategory\u002Fcrypto-news\u002F",87,[],{"id":23,"graphqlId":24,"name":25,"slug":26,"image":9,"uri":27,"count":28,"children":29,"locale":13},61,"dGVybTo2MQ==","Price Prediction","price-prediction","\u002Fcategory\u002Fprice-prediction\u002F",32,[],{"id":31,"graphqlId":32,"name":33,"slug":34,"image":9,"uri":35,"count":36,"children":37,"locale":13},53,"dGVybTo1Mw==","Quick History Lesson","quick-history-lesson","\u002Fcategory\u002Fquick-history-lesson\u002F",37,[],{"id":39,"graphqlId":40,"name":41,"slug":42,"image":9,"uri":43,"count":44,"children":45,"locale":13},69,"dGVybTo2OQ==","Top 5","top-5","\u002Fcategory\u002Ftop-5\u002F",7,[],{"id":47,"graphqlId":48,"name":49,"slug":50,"image":9,"uri":51,"count":52,"children":53,"locale":13},212,"dGVybToyMTI=","Trading Guide","trading-guide","\u002Fcategory\u002Ftrading-guide\u002F",16,[],{"post":55,"docs":57},[13,56],"RU",[13,56],{"type":59,"post":60},"post",{"id":61,"title":62,"slug":63,"uri":64,"date":65,"excerpt":66,"content":67,"postId":68,"language":69,"translations":73,"categories":80,"featuredImage":84,"seo":89},"cG9zdDoxMjky","Ethereum Turns 10: From an Experiment to ETF-Age Infrastructure","ethereum-turns-10","\u002Fcrypto-news\u002Fethereum-turns-10\u002F","2025-07-30T16:22:54","\u003Cp>Today Ethereum is 10 years old. Wow! As headlines mark the anniversary with greatest‑hits reels of booms and busts, the network’s arc looks less like a hype cycle and more like an infrastructure build‑out: shipping core protocol overhauls, surviving governance shocks, bootstrapping whole industries (DeFi, NFTs), and—over the last year—crossing into traditional finance via U.S. … \u003Ca class=\"link-more\" href=\"https:\u002F\u002Fbitsz.io\u002Fcrypto-news\u002Fethereum-turns-10\u002F\"> Читать далее\u003C\u002Fa>\u003C\u002Fp>\n","\u003Cp>\u003Cspan style=\"font-weight: 400;\">Today Ethereum is 10 years old. Wow! As headlines mark the anniversary with greatest‑hits reels of booms and busts, the network’s arc looks less like a hype cycle and more like an infrastructure build‑out: shipping core protocol overhauls, surviving governance shocks, bootstrapping whole industries (DeFi, NFTs), and—over the last year—crossing into traditional finance via U.S. spot ETFs. Cointelegraph’s retrospective set the tone; here’s a sourced rundown of the decade’s turning points and why they matter now. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2013–2015: From white paper to genesis\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Vitalik Buterin circulated the Ethereum white paper in late 2013; a year later, a public sale raised about \u003C\u002Fspan>\u003Cb>$18.3 million\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> to fund development. The network’s \u003C\u002Fspan>\u003Cb>Frontier\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> release went live on \u003C\u002Fspan>\u003Cb>July 30, 2015\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, establishing Ethereum as a programmable base layer for smart contracts—an architecture that would soon power ERC‑20 tokens, DeFi protocols, and NFTs.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2016: The DAO hack and an early governance stress test\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">In mid‑2016, a vulnerability in “The DAO” led to the siphoning of roughly $50 million in ETH at then‑prevailing prices. The community’s response—coordinating a hard fork to restore funds—resolved the immediate crisis but splintered the chain into \u003C\u002Fspan>\u003Cb>Ethereum (ETH)\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> and \u003C\u002Fspan>\u003Cb>Ethereum Classic (ETC)\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, establishing a template for how values and pragmatism collide in decentralized governance. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2017–2019: ICO summer, then the cool‑down\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Ethereum’s token standard (ERC‑20) catalyzed the \u003C\u002Fspan>\u003Cb>ICO boom\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> of 2017, elevating ETH to crypto’s No. 2 market cap and drawing in builders and regulators alike. The subsequent bust exposed weak disclosures and unsustainable funding models—yet left behind core primitives: token issuance, decentralized exchanges, and an emerging developer stack. (Context via Cointelegraph’s 10‑year lookback.) \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2020–2021: DeFi summer, NFT breakout, and EIP‑1559\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Lockdowns and yield experiments propelled \u003C\u002Fspan>\u003Cb>DeFi\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> through 2020, while \u003C\u002Fspan>\u003Cb>NFTs\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> carried Ethereum to mainstream culture in 2021. Under the hood, the \u003C\u002Fspan>\u003Cb>London hard fork\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> activated \u003C\u002Fspan>\u003Cb>EIP‑1559\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> in \u003C\u002Fspan>\u003Cb>August 2021\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, introducing a base‑fee burn that changed ETH’s fee mechanics and supply dynamics—a step toward a leaner, more predictable monetary policy. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2022: The Merge — energy use down ~99.95%\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">On \u003C\u002Fspan>\u003Cb>September 15, 2022\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, Ethereum executed \u003C\u002Fspan>\u003Cb>the Merge\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, swapping proof‑of‑work for \u003C\u002Fspan>\u003Cb>proof‑of‑stake\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> and cutting estimated energy consumption by around \u003C\u002Fspan>\u003Cb>99.95%\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">. It also laid the foundation for future scaling via rollups and proposer‑builder separation. The Merge remains the largest live‑system consensus transition in crypto history. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2023: Shapella unlocks withdrawals—and confidence\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The \u003C\u002Fspan>\u003Cb>Shanghai\u002FCapella (Shapella)\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> upgrade in \u003C\u002Fspan>\u003Cb>April 2023\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> enabled partial and full withdrawals for stakers, resolving a multi‑year risk over exit liquidity and validator churn. Post‑fork analyses from institutional researchers found withdrawals processed smoothly and validator performance recovering quickly, cementing confidence in PoS operations. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2024: Dencun and the blob era slash L2 costs\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">On \u003C\u002Fspan>\u003Cb>March 13, 2024\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, the \u003C\u002Fspan>\u003Cb>Dencun\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> upgrade shipped \u003C\u002Fspan>\u003Cb>EIP‑4844 (“proto‑danksharding”)\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, adding a low‑cost “blob” lane for rollups to post data. Because blobs are pruned and cheaper than calldata, rollup fees dropped materially, accelerating L2 adoption and pushing more activity off the congested L1. Think of Dencun as an efficiency unlock on the road to full danksharding. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2024–2025: Spot ETH ETFs bring Wall Street money\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The \u003C\u002Fspan>\u003Cb>U.S. SEC\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> approved \u003C\u002Fspan>\u003Cb>spot ether ETFs\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> in \u003C\u002Fspan>\u003Cb>May–July 2024\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, and funds began trading in late July, providing regulated exposure routes for RIA platforms, pensions, and corporate treasuries. One year on, the products have become part of the ETH narrative, much as spot bitcoin funds did for BTC—linking crypto cycles to the flows and seasonality of traditional markets. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>2025: Ten years in, what does the data say?\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Market coverage this summer notes ETH’s strong 90‑day bounce into the anniversary window, while also observing that prices remain below prior all‑time highs—an echo of past cycles where infrastructure gains preceded new demand peaks. Price pages and market briefings show ETH’s volatility is still very much alive, with options positioning and ETF flows now part of the daily tape. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>Why these milestones mattered (and what they unlocked)\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Programmability (2015):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Ethereum made “money‑with‑rules” programmable at scale—tokens, on‑chain treasuries, automated market makers—setting the stage for entire sectors. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Governance reality (2016):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> The DAO fork showed that code and community norms co‑determine outcomes; that lesson continues to inform upgrade and security debates. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Fee economics (2021):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> EIP‑1559’s burn and base‑fee model improved UX and changed supply dynamics, informing “ultrasound money” memes and research. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Sustainability & security (2022–2023):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> The Merge and Shapella aligned Ethereum with contemporary energy expectations and operationalized staking as a long‑term security budget. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Scalability path (2024):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Dencun’s blob lane made L2s cheap enough to broaden mainstream use cases (payments, gaming, social). \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Institutional bridge (2024–2025):\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Spot ETFs lowered the compliance barrier for large pools of capital to hold or benchmark ETH, potentially smoothing—but also financializing—future cycles. \u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cb>The open questions for Ethereum’s second decade\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cb>1) Next upgrades and UX:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Research and client teams are iterating on proposals under the \u003C\u002Fspan>\u003Cb>“Pectra”\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> umbrella (e.g., \u003C\u002Fspan>\u003Cb>EIP‑7702\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> for account abstraction‑style UX, \u003C\u002Fspan>\u003Cb>EIP‑7251\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> to raise validator stake caps). Timelines are fluid; the direction is clear: safer wallets, simpler signatures, and better validator economics. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cb>2) L2 consolidation vs. diversity:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Dencun favored rollups; now the question is whether liquidity and developer mindshare concentrate on a handful of L2s or remain fragmented across many ecosystems—each with different sequencer trust assumptions. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cb>3) MEV and fairness:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> As block building and order flow professionalize, Ethereum must curb harmful MEV while preserving credible neutrality—an area of active research linked to proposer‑builder separation and encrypted mempools. (Context from Ethereum’s roadmap discourse.) \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cb>4) Regulation and market structure:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> ETF inflows, exchange oversight, and disclosures will increasingly shape ETH’s liquidity conditions. Macro sensitivity (rates, risk appetite) now matters as much as crypto‑native catalysts. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>Takeaway\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The simplest way to read Ethereum’s first ten years is as a sequence of \u003C\u002Fspan>\u003Cb>risk retirements\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">. Launch risk (2015). Social‑layer risk (2016). Fee‑market and supply mechanics (2021). Consensus shift and withdrawals (2022–2023). Throughput economics (2024). And, finally, the \u003C\u002Fspan>\u003Cb>trad‑fi interface\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> (2024–2025). Each milestone made the network a little more boring in the good sense—predictable, investable, and usable—even as innovation sprinted ahead on L2s and in applications.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">If history rhymes, the second decade will be decided less by any single “flippening” headline and more by steady plumbing improvements—wallet UX, privacy‑preserving payments, safer execution markets—and by how well Ethereum adapts to the ETF era without losing its open‑source soul. For now, the chain that launched on \u003C\u002Fspan>\u003Cb>July 30, 2015\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> has matured into the programmable base layer its founders imagined, with a roadmap still long and a community still arguing in public—exactly as designed. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch3>\u003Cb>Follow us:\u003C\u002Fb>\u003C\u002Fh3>\n\u003Cp>\u003Ca class=\"invalid-url\" href=\"http:\u002F\u002Fbitsz.io\" data-validation-message=\"Invalid URL path\">\u003Cspan style=\"font-weight: 400;\">Bitsz.io\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fx.com\u002Fbitz_io\">\u003Cspan style=\"font-weight: 400;\">Twitter\u002FX\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Ft.me\u002Fblitsz_io\">\u003Cspan style=\"font-weight: 400;\">Telegram\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n",1292,{"code":13,"locale":70,"name":71,"slug":72},"en_US","English","en",[74],{"language":75,"slug":63,"status":79},{"code":56,"locale":76,"name":77,"slug":78},"ru_RU","Русский","ru","publish",{"edges":81},[82],{"node":83},{"name":17,"slug":18,"uri":19},{"node":85},{"sourceUrl":86,"altText":87,"title":88},"https:\u002F\u002Fbitsz.io\u002Fwp-content\u002Fuploads\u002F2025\u002F07\u002Fyellow-and-black-simple-modern-cryptocurrency-presentation-2025-07-30t181416.497.png","","Yellow and Black Simple Modern Cryptocurrency Presentation – 2025-07-30T181416.497",{"canonical":90,"metaDesc":91,"readingTime":92,"opengraphTitle":62,"opengraphUrl":90,"opengraphImage":93,"twitterImage":9,"opengraphDescription":91,"twitterDescription":87,"title":62,"twitterTitle":87,"opengraphType":95,"opengraphPublishedTime":96,"opengraphModifiedTime":97,"breadcrumbs":98},"https:\u002F\u002Fbitsz.io\u002Fcrypto-news\u002Fethereum-turns-10\u002F","On Ethereum’s 10th anniversary, we track the moments that defined it—from the 2015 launch and the DAO crisis to EIP‑1559",5,{"sourceUrl":94,"altText":87},"https:\u002F\u002Fbitsz.io\u002Fwp-content\u002Fuploads\u002F2025\u002F07\u002Fyellow-and-black-simple-modern-cryptocurrency-presentation-2025-07-30t181416.497-300x169.png","article","2025-07-30T15:22:54+00:00","2025-07-30T15:26:17+00:00",[99,101,103],{"text":100,"relativeUrl":87},"Home",{"text":17,"relativeUrl":102},"\u002Fcrypto-news",{"text":62,"relativeUrl":104},"\u002Fcrypto-news\u002Fethereum-turns-10"]