Ethereum (ETH) marks its 10-year anniversary with a global NFT torch initiative symbolizing decentralized collaboration. Launched on July 21, 2025, the digital torch started with co-founder Joseph Lubin and will pass daily among key builders and community members until July 30—exactly a decade after Ethereum's inception—when it will be ceremonially burned.
A commemorative NFT will become publicly mintable post-burn, reinforcing Ethereum's inclusive ethos. This celebration coincides with ETH's market resurgence: NFT trading volume surged to $75 million weekly (54% of all blockchain NFT volume), a 300% increase from $18.3 million two weeks prior. Ethereum dominates daily metrics with $30.7M volume (+331%), $2.25M sales (+110%), and $32.9M active listings (+302%).
Concurrently, ETH's price hit $3,793—up 35% in July—while its market cap soared past $458 billion, an 8-month high. Technical indicators show a bullish MACD crossover and overheated RSI at 87.80, signaling robust momentum amid the network's cultural and economic revival.