Ethereum News Today: Ethereum Torch NFT Drives 300% Surge in Network Activity

Ethereum marked its 10th anniversary in July 2025 with a commemorative NFT event known as the Ethereum Torch, which saw over 780,000 tokens minted and more than 660,000 unique holders participating [1]. The free-to-mint NFT was passed between wallets over a 10-day period, symbolizing the decentralized and community-driven ethos of the Ethereum network [2]. The event concluded on July 31 with the final token being minted and burned, marking the end of the symbolic relay [7].

The Ethereum Torch initiative significantly boosted network activity, with NFT transaction volumes surging by 300% during the event period [1]. This surge highlighted the platform’s ongoing relevance in the NFT space and underscored the strong engagement of its global user base. The Ethereum Foundation emphasized the project’s inclusivity and decentralization, reflecting the broad participation from over 660,000 addresses [3]. The event was part of a broader celebration of Ethereum’s journey over the past decade, including a global livestream featuring co-founder Vitalik Buterin and key developers [4].

Ethereum’s continued dominance in the DeFi and NFT sectors was also highlighted during the anniversary. As of July 2025, the network reported a total value locked (TVL) of $85 billion and a 56% increase in NFT sales within a 30-day period [5]. These figures reaffirmed Ethereum’s role as a foundational blockchain infrastructure, with developers and users continuing to build on its platform.

The anniversary also saw related initiatives from third-party platforms, such as the MEXC ETH Launchpad, which offered a 90% discount on 100 ETH to celebrate the milestone, running from July 31 to August 21, 2025 [6]. These efforts demonstrated how exchanges and platforms continue to engage users and highlight Ethereum’s significance in the crypto space.

Ethereum’s transition to a Proof-of-Stake consensus model through The Merge further solidified its technical credibility and long-term sustainability. The successful execution of multiple hard forks and protocol upgrades without any service disruption underscored the network’s robustness and adaptability [4]. This milestone reinforced Ethereum’s role as the backbone for DeFi and decentralized applications (dApps).

The Ethereum Torch NFT, while symbolic, served as a rallying point for the community, enabling participants to take part in a historically significant event while supporting a platform that has continuously evolved to meet user needs [8]. The initiative also highlighted the growing importance of NFTs in fostering community engagement and celebrating blockchain milestones.

As Ethereum enters its second decade, the project remains a cornerstone of innovation in the crypto space. The 10th anniversary not only celebrated past achievements but also set the stage for future developments, with both the community and developers committed to pushing the boundaries of decentralized technology.

Source:

[1] Binance – [https://www.binance.com/en/square/post/07-31-2025-ethereum-s-decade-celebration-concludes-with-torch-nft-minting-27692348249314](https://www.binance.com/en/square/post/07-31-2025-ethereum-s-decade-celebration-concludes-with-torch-nft-minting-27692348249314)

[2] 99Bitcoins – [https://99bitcoins.com/news/presales/10-years-of-ethereum-crypto-dominance-free-time-limited-torch-nft/](https://99bitcoins.com/news/presales/10-years-of-ethereum-crypto-dominance-free-time-limited-torch-nft/)

[3] Ethereum – [https://blog.ethereum.org/2025/07/30/ethereum-10-years](https://blog.ethereum.org/2025/07/30/ethereum-10-years)

[4] Happy – [https://happycoin.club/en/ethereum-foundation-provedyot-pryamuyu-strim-s-uchastiem-vitalika-buterina-v-chest-10-letiya/](https://happycoin.club/en/ethereum-foundation-provedyot-pryamuyu-strim-s-uchastiem-vitalika-buterina-v-chest-10-letiya/)

[5] AInvest – [https://www.ainvest.com/news/ethereum-news-today-ethereum-turns-10-85b-tvl-56-nft-growth-30-days-2507/](https://www.ainvest.com/news/ethereum-news-today-ethereum-turns-10-85b-tvl-56-nft-growth-30-days-2507/)

[6] AInvest – [https://www.ainvest.com/news/ethereum-news-today-mexc-launches-eth-launchpad-offering-90-celebrate-ethereum-10th-anniversary-2507/](https://www.ainvest.com/news/ethereum-news-today-mexc-launches-eth-launchpad-offering-90-celebrate-ethereum-10th-anniversary-2507/)

[7] Atomic – [https://atomicwallet.io/academy/articles/ethereum-10-years](https://atomicwallet.io/academy/articles/ethereum-10-years)

[8] X – [https://x.com/CardnoNFT](https://x.com/CardnoNFT)