Ethereum’s 10th Anniversary Sparks NFT Trading Surge

Joseph Lubin, co-founder of Ethereum, initiates a torch NFT event to celebrate Ethereum’s 10th anniversary, announced by the Ethereum Foundation on July 21, 2025.

Ethereum’s 10th anniversary initiative highlights its significant influence on NFTs, leading to increased trading volumes.

Ethereum’s celebration features a symbolic torch NFT designed to honor key players like Joseph Lubin and highlight Ethereum’s enduring values. The Ethereum Foundation, announcing the event on its X account, plans for the torch to circulate among community members.

Joseph Lubin holds the first torch, demonstrating Ethereum’s global reach. As Lubin noted, “The Torch is an NFT honoring the people and values that have shaped Ethereum’s first decade and will help build its future. It will be symbolically passed from wallet to wallet in the 10 days leading up to Ethereum’s 10 year anniversary.” This effort, commemorating ten years since the 2015 mainnet launch, invites users to mint their commemorative NFTs from July 30, 2025.

This celebration led to a surge in Ethereum-based NFT trading, with weekly volumes hitting $75 million. Increased activity underscores Ethereum’s critical role in the NFT market, despite the broader crypto market’s volatility.

Open minting on July 30 can drive increased on-chain activity, raising ETH gas usage and unlocking potential for growth in total value locked in Ethereum-based NFT platforms. Commemorative events typically result in heightened market engagement.

Looking back, Ethereum’s major milestones including its mainnet launch and The Merge significantly affected the market. This anniversary follows that trend, potentially influencing governance tokens and Layer 2 protocols in the long term.

Insights into upcoming Ethereum upgrades like the Fusaka upgrade are yet to emerge. However, prior trends predict that any new advancements could further bolster Ethereum’s network utility and market positioning.