As Ethereum turns 8, here’s a look at its spectacular journey
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Ethereum celebrated its 8th birthday as the second-largest cryptocurrency with a market cap of $225 billion. Over the years, its price surged from less than $1 to $1,865.82, and its holder base expanded to an impressive 103.96 million.
Influential figures like Vitalik Buterin, co-founder of Ethereum, received warm birthday wishes from industry leaders like Changpeng Zhao, CEO of Binance, and Sandeep Nailwal, founder of Polygon. They reflected on their past encounters with Vitalik and expressed admiration for Ethereum's growth.
The Merge upgrade successfully shifted Ethereum to a more energy-efficient proof-of-stake consensus mechanism, providing staking incentives for validators and investors.
After the Shapella upgrade, staking interest surged, with a participant who had been inactive for 8 years staking 641 ETH, emphasizing the network's attractiveness for long-term holders.
The number of Ethereum validators increased by 8.96% in the last month, reaching an impressive 698,924, highlighting the community's continued engagement and confidence in Ethereum's future.
Ethereum's journey has been filled with significant milestones, and its enduring success is underlined by strong community support and endorsements from prominent industry figures.
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