On July 30, 2025, ten years have passed since the launch of the Ethereum blockchain, one of the most renowned cryptocurrency platforms in the world. To mark this occasion, the development team and community have prepared a series of festive events and initiatives.
This is reported by Finway
Commemorative NFT and The Ethereum Torch Campaign
In honor of the network’s anniversary, a special campaign called The Ethereum Torch was organized, which started on July 20. Over ten days, a symbolic torch in the form of an NFT was passed from one prominent community member to another. This aimed to highlight the unity of the network, the significance of each individual’s contribution to the development of the ecosystem, and the continuity of decentralization ideas.
On July 30, the campaign concludes with the burning of the torch, and users have the opportunity to receive the commemorative Ethereum Torch NFT for free. Minting (the creation of a unique digital asset) will continue until July 31 inclusive. As the organizers emphasize, this event is not only festive but also intended to honor key principles of Ethereum, such as decentralization, financial openness, client diversity, network continuity, community development, and resistance to censorship.
“To memorialize Ethereum’s anniversary, the free, commemorative Ethereum Torch NFT is now available to mint. Minting will end on July 31st at 4PM UTC.”
Market Dynamics and Institutional Interest
The anniversary events are accompanied by a rise in open interest in Ethereum in the derivatives market. According to Glassnode, this metric has reached its highest level in over two years. For the first time since April 2023, Ethereum’s share in the derivatives market approached 40%, while Bitcoin’s dominance is gradually decreasing.
Notably, there has been a significant increase in open positions on the CME exchange, where this figure reached a record $7.85 billion. This indicates a revival of interest from institutional investors in the asset.
As of the time of preparing this material, the price of Ethereum was $3787 according to TradingView.
It is worth noting that the accounts of the ten largest Ethereum holders currently hold over 1 million ETH.