Ethereum's 8th Birthday: A Look Back and Ahead

The Ethereum network celebrated its 8th birthday, marking eight years since its launch. Ethereum has become the second-largest cryptocurrency with a market capitalization of $225 billion and over 1,900 monthly active developers. Community members reminisced about its growth, with Ethereum boasting $400 billion in secured value, $3.6 billion in annualized profits, and 17.8 million blocks of digital assets. Prominent figures like Vitalik Buterin co-founded Ethereum, which played a crucial role in the initial coin offering boom and the rise of decentralized finance. Ethereum recently implemented the Merge upgrade, transitioning to a proof-of-stake consensus mechanism and reducing energy usage.