Ethereum Institutional, a nonprofit advocacy organization focused on Ethereum, published a statement on July 31 to celebrate the network’s 11th anniversary. The group said that since Ethereum mainnet launched on July 30, 2015, the network has never stopped and has maintained uninterrupted block production for 11 years. It also described Ethereum as the settlement layer for stablecoins, saying the chain holds more than half of total stablecoin supply. In the same statement, Ethereum Institutional said Ethereum accounts for the largest share of decentralized real-world assets across all networks, hosts the biggest decentralized finance ecosystem in crypto, and has cultivated the industry’s largest developer ecosystem. The organization added that Ethereum has become the default venue for institutions entering blockchain. It said no company owns the network, no one can shut it down, and everything on-chain is verifiable, before closing with a call for Ethereum to become a “sacred ground” for finance over the next 11 years.
According to BlockBeats, Ethereum Institutional, a nonprofit organization promoting Ethereum, published a message on July 31 to celebrate Ethereum’s 11th anniversary.
The organization said that since Ethereum mainnet went live on July 30, 2015, the network has never stopped and has maintained uninterrupted block production for 11 years. It also said Ethereum has become the settlement layer for stablecoins and holds more than half of the total stablecoin supply.
In the same post, Ethereum Institutional said Ethereum accounts for the largest share of decentralized real-world assets across all networks, has built the largest decentralized finance ecosystem in crypto, and has fostered the industry’s largest developer ecosystem.
The group also said Ethereum has become the default trading venue for institutions entering blockchain. “No company owns it, no one can shut it down, and it remains fully neutral. Everything on-chain is verifiable,” the statement said.
It ended with a message for the next phase of the network’s development: “For the next 11 years, let Ethereum become the sacred ground of finance.”
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