Crypto Industry Shares Its Top Moments

The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live.

On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out.

“The vision of a censorship-proof ‘world computer’ that anyone can program, paying exclusively for what they use and nothing more, is now a reality,” he wrote.

*Screenshot of blog post from Stephan Tual. Source: Ethereum Foundation*

Eight years later, Ethereum and its native currency Ether (ETH) has grown to become the second largest crypto asset in existence, boasting a market capitalization of $225 billion and more than 1,900 monthly active developers.

8 years of growth

Community members marked the occasion by sharing fond memories and looking back at its prices, development and overall growth since inception.

Bankless co-host Ryan Sean Adams, noted that Ethereum reportedly boasts $400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of digital assets.

Happy birthday Ethereum!

$400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of uncensorable digital property.

Not bad for an 8 year old.

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) July 30, 2023

Using the networks’ 8th birthday as an opportunity to reminisce, Binance CEO Changpeng Zhao posted a tweet on X — regaling the time that Ethereum co-founder Vitalik Buterin stayed with him in Tokyo in the months leading up to the launch of Ethereum.

CZ said Buterin was speaking about ETH “non-stop” at the time and joked about missing out on buying Ethereum at inception. “If I had bought ETH then, I might not have had the need or drive to start Binance. Who knows?” he quipped.

On this 8th birthday of #Ethereum, a little throw back to May 2, 2015, in Tokyo, just before #ETH was officially born. @VitalikButerin stayed in my apartment in Tokyo during this trip. He was already working on and talking about ETH non-stop. And I still missed (didn’t buy)… pic.twitter.com/84B6KN73Qf

— CZ Binance (@cz_binance) July 30, 2023

Reformed Bitcoiner Udi Wertheimer celebrated the occasion with a dash of humor, referring to the Ethereum network as his “favorite Bitcoin sidechain.”