The Ethereum network commemorated its 10th anniversary with a symbolic NFT initiative and significant market activity, signaling renewed institutional and retail interest in its ecosystem.
A commemorative ‘Ethereum Torch’ NFT was launched, circulating wallet-to-wallet starting from co-founder Joseph Lubin. This digital torch relay symbolizes Ethereum’s core principles of decentralization and community engagement throughout the milestone celebration.
The anniversary period coincided with a remarkable 300% surge in Ethereum NFT trading volume, reaching $75 million. This rally accompanied a concurrent 50% price appreciation for Ethereum tokens, reflecting strong investor confidence in the network.
Demonstrating high-value collector interest, a single buyer acquired 48 CryptoPunk NFTs for $8.5 million, highlighting ongoing demand for established digital collectible series. Separately, Cboe BZX Exchange filed with regulators for a physically-backed ETF tied to Pudgy Penguins NFT assets, indicating growing institutional adoption of NFT markets.
These developments collectively reinforce Ethereum’s pivotal role in shaping blockchain innovation and digital ownership standards over the past decade.