Ethereum has launched a unique initiative: a symbolic NFT torch that will move from wallet to wallet across the globe.
Source: X
Kicking off on the 21st of July with co-founder Joseph Lubin as its first bearer, the torch will be passed daily among key community members, builders, and contributors.
Source: Ethereum.org
Each participant will hold it for 24 hours, symbolizing Ethereum’s shared stewardship and decentralized spirit.
On the 30th of July — ten years since the network’s launch — the torch will be burned, closing one chapter and beginning another.
A commemorative NFT will also be available for anyone to mint, reinforcing Ethereum’s inclusive, open ethos and celebrating its decade-long journey.
Ethereum, the NFT leader
Last week, total NFT trading volume across blockchains topped $140 million — the strongest weekly activity in over six months.
Ethereum-based projects accounted for more than half of that, raking in $75 million in volume and spearheading the market’s rebound.
This marks a staggering 300% jump from just two weeks ago, when Ethereum’s NFT volume stood at $18.3 million.
Source: Cryptoslam.io
Meanwhile, Ethereum leads all major NFT chains in metrics — $30.7 million in daily volume (+331%), $2.25 million in sales (+110%), and over $32.9 million in active listings (+302%).
Momentum builds as Ethereum hits new highs
Ethereum’s current momentum is undeniable.
Source: CoinMarketCap
The network’s market cap has surged past $458 billion (the highest in nearly eight months) after a steady recovery since late April. On the price front, ETH climbed to $3,793 at press time, gaining over 35% in July alone.
Source: TradingView
Technical indicators supported the strength of the rally: RSI was at an overheated 87.80, and MACD remained in a strong bullish crossover.
With rising NFT activity, community-driven celebrations, and a resurgent token price, Ethereum appears to be entering a renewed cycle of growth — both in terms of value and narrative — as it marks its 10-year anniversary.
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