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The Etharium celebrated its 10 -year anniversary on Wednesday, a fresh institutional speed fuel is expected to challenge all its time set in November 2021.
In the last decade, Ethereum has been built by the largest decentralized finance (Defi) blockchain, with about 85 billion dollars in the total value lock (TVL) at the time of writing.
Vitallic Butterin, the co-founder of the Atherium, broadcast the initial version of the white paper in 2013. Smart Contracts. Its cryptocurrency, ether, now rank as the second largest cryptocurrency by market capitalization after bitcoin (BTC).
Look back here in the first decade of Ethereum, which features ICO Boom, Defi Summer and The Rise and Fall of Non-Fangbal tokens (NFTs).
2015-2016: The Birth of Atheram and Dow Hack
In April 2016, DAO launched, designed as a decentralized enterprise capital process, designed to hear the vote on how the unit is fund. But it did not last long – it faced an exploitation of about 60 million dollars in June 2016.
Throughout the decade, many ethrium-based projects fell victim to cyber attacks. But this one is redefined as an important domination in the history of the atherium, as devilopers and community make a controversial declaration to make blockchain difficult and reverse the network to steal the matter.
This led to a permanent chain divided. The new series coming out of inquiries with the brand and majority support of the atherium. A small group remained on the original blockchain, now known as the Etharium Classic.
2017-2018: Atherium explodes with ICO Boom
Ethereum was the Go-Two platform for ICOS, thanks to the rise of the ERC-20 token standard, which had to launch the token required to develop a new blockchain. Some projects were real. He used ICO of Etreum as a launchpad to migrate on his own network (many of them were useful).
Ether reached a higher level for a time of $ 1,450 by January 2018 in early 2017 to reach at least $ 10.
Speculations were not limited to ICOS. Ethereum hosted a cryptocurrency, a viral NFT game, where players gather and race cartoon cats. Its success in the end of 2017 shut down the Etharium network.
In early 2018, regulators began to crack the offers of unregistered securities. Throughout the year, users issued subputinas to hunt several ICOs of safety and securities issued.
Most ICO-funded projects failed to distribute, and prices collapsed. As of December 2018, ETH had fallen by approximately $ 85.
2019-2020: Defs Summer Scorch Etherium
Ether looked at the majority of 2019 between $ 100 and $ 300, a period was now recovered as the first crypto winter. Developers focused on infrastructure, which proved the foundation for a new type of financial system by those who proved Makardao, Compound and Uniswap
By mid-2020, Ethereum was converted from a post-eovic barren land to the base layer of Defi. The compound launched its governance tokens, Comp (COMP), and shut down a yield farming frenzy that rewards users to lock assets in the defi protocol. The network use of Ethereum, increased gas fees and followed Eth, climbing more than $ 750 by the end of the year.
2021: Atherium meets superstar through NFT
The next breakout of the atherium came through arts and mems. In 2021, NFTS captured cultural zitgists as projects such as cryptopank and bore AP Yot Club, which was converted to pixalated avatars into symbols of the mainstream position. In March 2021, Digital artist Beep sold NFT artwork in Christie at $ 69 million.
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The then chief NFT Marketplace Opensia saw an increase in trading volumes and briefly created one of the highest -grossing decentralized apps (DAPP) on the atherium. Famous celebrities, brands and influenators piled up the atherium in pop culture to the center level.
Eth reached an all -time high of $ 4,891 in November. But the floods of activity highlighted the boundaries of the atherium. Gas fees became ineffective to casual users and turned into luxury phenomena.
2022: Atherium is merged as Crypto Crash
The year 2022 was as cruel as a clock for crypto, not only the atherium. A cascading chain of collapse – Terra’s unsuccessful algorithm stabechoin and concludes in FTX transplant – erased the ballian in Crypto. ETH fell from $ 3,800 in January to about $ 1,000 in June, dragging the market terror and liquidity crises.
Amidst the debris, the Etharium drawn the most extended upgradation in the blockchain history. On the sept. 15, 2022, it successfully completed Merge, infection from the energy-intensity proof-work unanimous mechanism to proof-of-station (POS).
2023: Atherium Rollup, Recovery and Return of Aerdrops
With POS Live, the developers converted their attention to layer -2 (L2) solutions, which process the transaction process offchin offcinine that rely on the atherium for safety. Arbitration, optimism and zksync emerged as early leaders in this new border.
Connected: Institutions break with the atherium but place ETH on the hook
New projects were also brought in a new waiting of Aircraft speculation. Inspired by the 2020 cheap route of UNISWAP, users began the farming activity in the emerging protocol in the hope of qualifying for future token drops. In March 2023, Arbitrum’s long-awaited aerdrops lived live, distributing arbitrum (ARB) tokens to beginner users and survived enthusiasm along with enthusiasm. Optimism
Meanwhile, liquid staking tokens like Lido, Rock and Coinbase CBTH became tokens
By the contest, DEFI and NFT activity cooled down from their 2021 high. The price of Eth started from $ 1,200 and climbed to the age of $ 2,300 by the end of the year.
2024: Atherium fragmentation and ETF speed
L2S exploded the development of chains such as base, mental, blast, zksync and ottherrs, creating a silent environment. Each L2 hosted its own decentralized exchanges and livelihood pools of its owners, which means that assets such as Eth and USDC (USDC) were no longer easily intercourse.
The Etharium Reform Proposal 4844 upgrade, implemented in March 2024, reduced the cost and intensified the change in rollups. The activity increased, but the Bridging between L2S rebuilt the clunk and incompetent. The users who followed the aircraft and intentions from the chain to the chain deepened the fragmentation.
The ethereum transaction managed to score the odn throwput, but it came at the cost of integrated liquidity, inventum arbitrage complexity and low composality.
At the same time, institutional interest in the ethrium began to grow again, inspired by the approval and launch of the Atherium-based exchange-traded fund (ETF) in the US.
2025: Atheram gets organized again on the base layer
L2S after years of activation, the Etreum Foundation called back to the base layer for a strategic change.
At the same time, the appeal for Etharium institutions continued to increase. Spot Ath ETF received traction in the US. By Midyear, ETH ETF inflows defeated bitcoin ETF. The ETF issuers began the search for stacking for the underlying Eth.
Meanwhile, public companies began to follow the strategy (formally microstrate) bitcoin playbook with ether.
In April 2025, Ether reduced as $ 1,500, as the Etharium Foundation was struggling with the leadership reshuffle. Fresh institutional interests have increased Ether by about $ 3,800 at the time of writing.
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