Ethereum has launched a novel initiative: a symbolic NFT torch that can transfer from pockets to pockets throughout the globe.
Supply: X
Kicking off on the twenty first of July with co-founder Joseph Lubin as its first bearer, the torch shall be handed day by day amongst key neighborhood members, builders, and contributors.
Supply: Ethereum.org
Every participant will maintain it for twenty-four hours, symbolizing Ethereum’s shared stewardship and decentralized spirit.
On the thirtieth of July — ten years for the reason that community’s launch — the torch shall be burned, closing one chapter and starting one other.
A commemorative NFT will even be obtainable for anybody to mint, reinforcing Ethereum’s inclusive, open ethos and celebrating its decade-long journey.
Ethereum, the NFT chief
Final week, whole NFT buying and selling quantity throughout blockchains topped $140 million — the strongest weekly exercise in over six months.
Ethereum-based tasks accounted for greater than half of that, raking in $75 million in quantity and spearheading the market’s rebound.
This marks a staggering 300% leap from simply two weeks in the past, when Ethereum’s NFT quantity stood at $18.3 million.
Supply: Cryptoslam.io
In the meantime, Ethereum leads all main NFT chains in metrics — $30.7 million in day by day quantity (+331%), $2.25 million in gross sales (+110%), and over $32.9 million in energetic listings (+302%).
Momentum builds as Ethereum hits new highs
Ethereum’s present momentum is plain.
Supply: CoinMarketCap
The community’s market cap has surged previous $458 billion (the best in practically eight months) after a gentle restoration since late April. On the value entrance, ETH climbed to $3,793 at press time, gaining over 35% in July alone.
Supply: TradingView
Technical indicators supported the power of the rally: RSI was at an overheated 87.80, and MACD remained in a powerful bullish crossover.
With rising NFT exercise, community-driven celebrations, and a resurgent token worth, Ethereum seems to be coming into a renewed cycle of development — each by way of worth and narrative — because it marks its 10-year anniversary.
