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Information about Ethereum (ETH)
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
News
Despite a 63% decline in NFT sales, Ethereum maintained a robust market presence. Its sales volume reached 142 million USD, reflecting resilience compared to Bitcoin’s drastic drop.
Bitcoin’s NFT sales plummeted to 291 million USD, down 79% from 1.4 billion USD in the previous year. This substantial fall positioned Bitcoin as less competitive in the NFT market.
The NFT market overall faced a significant downturn, with 98% of collections showing little trading activity and most NFTs losing substantial value soon after purchase.
A powerful 7.7 magnitude earthquake recently struck near Mandalay, Myanmar, causing extensive damage and claiming over 2,000 lives. International aid is mobilizing, with significant donations pledged from various countries, including a commitment of 5 million USD from the United Nations.
Organizations such as the Red Cross, Save the Children, and UNICEF are rapidly accepting cryptocurrency donations like Bitcoin and Ethereum. This approach facilitates quicker fundraising in response to the disaster’s severe impact on the region’s infrastructure.
Ethereum has declined by 47% over the past year, with its market cap shrinking to 221 billion USD. From 3,600 USD in January 2025, it has dropped to 1,800 USD.
While BTC has surged by 30%, competitors like Solana and XRP are gaining ground. XRP, for instance, has skyrocketed by 249%, with its market cap jumping from 30 billion USD to 127 billion USD.
Ethereum’s leadership under Vitalik Buterin faces criticism for not adapting to changes in the crypto market. This stagnation has resulted in a significant loss of developer interest and market dominance.
Vitalik Buterin has introduced a new roadmap aimed at enhancing Ethereum’s Layer 2 scalability and security. The plan incorporates a multi-proof strategy that improves transaction finality by reducing dependency on a single proof type.
Concerns about liquidity risks persist, particularly for large ETH holdings on MakerDAO, which are at risk of liquidation. Currently, Ethereum’s trading value stands at 1,841.69 USD after experiencing an 8% drop.
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