Ethereum Clocks $3.6 Billion in its 8th Birth Year

• Ethereum celebrated its 8th anniversary with a market capitalization of approximately $227 billion.
• The project was introduced in November 2013 with Vitalik Buterin’s whitepaper, officially announced in January 2014.
• Ethereum achieved $400 billion in secured value, generating annualized profits of $3.6 billion, and 17.8 million blocks of digital assets.
• Ethereum’s decentralized platform empowered developers, leading to the growth of the DeFi ecosystem with projects like lending, borrowing, and yield farming.
• ConsenSys ecosystem projects like MetaMask and Infura played crucial roles in simplifying user interactions and providing scalable Ethereum API access.
• Ethereum embraced NFTs, becoming the home of the largest NFT marketplace, OpenSea, revolutionizing digital art ownership and monetization.
• To address scalability and environmental issues, Ethereum migrated from Proof of Work (PoW) to Proof of Stake (PoS) with the successful launch of Ethereum 2.0 in September.
• Ethereum’s native currency, Ether (ETH), is widely accepted as a payment option by various companies, including Gucci, Balenciaga, Chipotle, and Newegg.

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