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 Today marks eight years since the Ethereum Foundation first announced the rollout of its network. 
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 The crypto community has come together to celebrate the 8th <a rel="noopener noreferrer nofollow" title="birthday" href="https://thebittimes.com/tag/birthday.html">birthday</a> of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live. 
 On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out. 
 "The vision of a censorship-proof ‘world computer’ that anyone can program, paying exclusively for what they use and nothing more, is now a reality," he wrote.&nbsp; 
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 <figcaption style="text-align: center;"> Screenshot of blog post from Stephan Tual. Source: Ethereum Foundation 
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 Eight years later, Ethereum and its native currency Ether (ETH) has grown to become the second largest crypto asset in existence, boasting a market capitalization of $225 billion and more than 1,900 monthly active developers. 
 <h3 id="8-years-of-growth">8 years of growth</h3> 
 Community members marked the occasion by sharing fond memories and looking back at its prices, development and overall growth since inception. 
 Bankless co-host Ryan Sean Adams, noted that Ethereum reportedly boasts $400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of digital assets. 
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 Happy <a rel="noopener noreferrer nofollow" title="birthday" href="https://thebittimes.com/tag/birthday.html">birthday</a> Ethereum! $400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of uncensorable digital property. Not bad for an 8 year old.— RYAN SΞAN ADAMS - rsa.eth (@RyanSAdams) July 30, 2023 
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 Using the networks’ 8th <a rel="noopener noreferrer nofollow" title="birthday" href="https://thebittimes.com/tag/birthday.html">birthday</a> as an opportunity to reminisce, Binance CEO Changpeng Zhao posted a tweet on X — regaling the time that Ethereum co-founder Vitalik Buterin stayed with him in Tokyo in the months leading up to the launch of Ethereum. 
 CZ said Buterin was speaking about ETH “non-stop” at the time and joked about missing out on buying Ethereum at inception. “If I had bought ETH then, I might not have had the need or drive to start Binance. Who knows?” he quipped. 
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 On this 8th <a rel="noopener noreferrer nofollow" title="birthday" href="https://thebittimes.com/tag/birthday.html">birthday</a> of #Ethereum, a little throw back to May 2, 2015, in Tokyo, just before #ETH was officially born. @VitalikButerin stayed in my apartment in Tokyo during this trip. He was already working on and talking about ETH non-stop. And I still missed (didn't buy)… pic.twitter.com/84B6KN73Qf— CZ Binance (@cz_binance) July 30, 2023 
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 Reformed Bitcoiner Udi Wertheimer celebrated the occasion with a dash of humor, referring to the Ethereum network as his “favorite Bitcoin sidechain.” 
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 Happy <a rel="noopener noreferrer nofollow" title="birthday" href="https://thebittimes.com/tag/birthday.html">birthday</a> Ethereum! My favorite bitcoin sidechain — Udi Wertheimer (@udiWertheimer) July 30, 2023 
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 Related: Ethereum is about to get crushed by liquid staking tokens 
 Ethereum was co-founded by a number of prominent figures, most notably Buterin, along with Charles Hoskinson, Gavin Wood, Joseph Lubin and Anthony Di Iorio. 
 By allowing developers to create smart contracts and build new blockchain-based applications, Ethereum became integral to the Initial Coin Offering (ICO) boom in late 2017 to the explosion of decentralized finance (DeFi) protocols and development — dubbed “DeFi summer” — in 2020. 
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 It was 8 years ago today, we launched #ethereum from a small office in Waldemarstraße 37A in Berlin What a journey its been since then? It became the most widely used cryptocurrency network, switched to PoS and spawned many alt-L1s and L2s Excited for what the future brings! pic.twitter.com/bmgcjTVLbE— Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) July 30, 2023 
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 A little more than a year after DeFi summer, Ether notched its all-time-high of $4,878 on Nov. 10, 2021. At the time of writing ETH is changing hands for $1,869. 
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 <figcaption style="text-align: center;"> Ethereum all-time price chart. Source: CoinGecko 
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 Most recently, crypto enthusiasts witnessed the successful implementation of The Merge upgrade on Sept. 15, 2022, which saw the network transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism — driving down its energy usage and unlocking staking incentives for validators and investors. 
 Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable 
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Ethereum's 8th birthday: Crypto industry shares its top moments

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