Ethereum Reaches 10-Year Milestone: $430 Billion Market Cap and Over 15 Million Users
Ethereum currently powers over 4,000 projects with a market cap of $430 billion.
It supports 15.89 million active users and over 53.3 million smart contracts.
A CoinShares report shows market confidence growing as Ethereum approaches its 10-year milestone.
Ethereum has come a long way. What started as a simple idea from a teenager frustrated with centralized platforms has evolved into one of the most powerful technologies in the digital world.
The project’s initiator, Vitalik Buterin, envisioned a system where users could build applications without relying on corporate control. That idea became Ethereum, a platform that now forms the basis of decentralized finance and Web3.
CoinShares has just published a report analyzing the development and current state of Ethereum. Market confidence is growing as ETH approaches $4,000.
Despite growing competition from fast-growing platforms like Solana and XRP, Ethereum remains unrivaled in terms of developer numbers and user activity. Its smart contract system has fueled the growth of the DeFi and NFT sectors, proving that Ethereum is not just a token, but an entire digital .
