Ethereum News Today: OKX CEO Celebrates Ethereum’s 10th Anniversary, Commits to DeFi Growth and L2 Innovation

OKX CEO Jizhong Star has issued a public statement marking Ethereum’s tenth anniversary, reiterating the exchange’s commitment to advancing blockchain innovation. In a blog post titled “Ethereum’s Tenth Anniversary: My Personal Tribute,” Star reflected on OKX’s decade-long collaboration with the Ethereum ecosystem and outlined future priorities. The post highlights Ethereum’s evolution from a “marginal experiment” in 2015 to a foundational infrastructure for Web3, while emphasizing OKX’s role in supporting technical advancements such as EIP-7702, the Ethereum L2 network X Layer, and ZK Reserves. Star acknowledged his initial underestimation of Ethereum’s transformative potential, now recognizing its capacity to reshape global financial systems and trust mechanisms [1].

The CEO’s tribute underscores Ethereum’s current dominance as the largest decentralized application (dApp) platform, supporting over $45 billion in decentralized finance (DeFi) total value locked (TVL) and $2.1 billion in daily trading volume on protocols like Uniswap [2]. He also highlighted Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), which reduced energy consumption by 99.95%, and its role in enabling innovations like NFTs and Layer 2 scaling solutions [3]. These developments, Star argues, align with OKX’s mission to provide accessible, secure blockchain services to its 1 billion global users.

The analysis of Star’s statement reveals a strategic alignment with Ethereum’s long-term vision. By prioritizing co-development, OKX positions itself as a key player in Ethereum’s ecosystem, leveraging the blockchain’s technical maturity to enhance financial inclusion. Ethereum’s current metrics—such as 127 million active wallets and 350,000 weekly onboarding through Layer 2 solutions—demonstrate its scalability and adoption potential [4]. Furthermore, Ethereum’s 60% stablecoin market share, valued at $82.1 billion, cements its role as a backbone for global finance [5].

Star’s remarks also reflect confidence in Ethereum’s ongoing upgrades, including EIP-4844 (Blobs), which aims to reduce Layer 2 transaction costs by up to 90% through optimized data storage. This technological leap is critical for Ethereum to maintain its lead in decentralized applications. The CEO’s emphasis on addressing challenges like transaction throughput (~210 transactions per second) and finality times aligns with Ethereum’s Single Slot Finality (SSF) proposals [6].

The blog post serves as a strategic signal to the crypto community and traditional finance. With Ethereum’s integration into mainstream markets—marked by the approval of nine ETH spot ETFs and over $1 billion in first-day trading volume—Star’s tribute underscores the blockchain’s maturation into a core asset class. OKX’s emphasis on co-building the future aligns with Ethereum’s ethos of decentralization and open innovation, reinforcing its position as a leader in the Web3 space.

[1] Source: OKX CEO Blog Post (https://www.theblockbeats.info/en/flash/305159)

[2] Source: Ethereum DeFi and TVL Data (url2)

[3] Source: Ethereum Energy Efficiency and Technical Upgrades (url3)

[4] Source: Ethereum Wallet Growth and Adoption (url4)

[5] Source: Stablecoin Market Share and Ethereum’s Role (url5)

[6] Source: Ethereum Scaling Solutions and EIP-4844 (url6)