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Let this sink in for a second:
You can buy $ETH today at the same price people were willing to pay back in 2017.
Back then, Ethereum was nothing more than an ICO platform.
Barely scalable.
Barely secure.
Just a dream.
Today - after 8 years of progress - with market uncertainty at its peak and Ethereum going through its own identity crisis, you can still buy $ETH at the same levels as in 2017.
Let’s quickly recap just some of the progress we had in the meantime:
- The Merge: Ethereum transitioned to Proof of Stake, slashing energy use by 99% and making the network more secure and sustainable.
- The Layer 2 Boom: Ethereum scaled modularly, with ecosystems like @base, @arbitrum, @Optimism, and more locking tens of billions in TVL.
- EIP-1559: A fee burn mechanism was introduced, giving $ETH the real potential to become a deflationary asset over time.
- DeFi Revolution: Founders like @haydenzadams, @kaiynne, and @StaniKulechov turned on-chain finance into a multibillion-dollar reality.
- NFT Explosion: Digital art, brand engagement, and digital ownership fundamentally changed forever - all starting on Ethereum.
- Institutional Adoption: The biggest asset managers in the world filed for ETH ETFs, and firms like Blackrock are building on Ethereum to bring Real World Assets (RWAs) on-chain - a multi-trillion dollar opportunity.
- Developer Growth: The EVM developer ecosystem grew from ~2,000 in 2018 to over 20,000 today.
That's just scratching the surface. I could probably go on forever but I think the message should be clear:
Even if it often gets taken for granted -even if the behavior of the Ethereum Foundation can be criticized - the amount of real progress in Ethereumland over the last decade is remarkable.
The fact that you can still buy $ETH at 2017 levels?
It’s either the market’s greatest joke - or its greatest opportunity.
One thing is clear though:
Back then, Ethereum was a fragile smart contract platform for ICOs.
Today, it’s the world's leading decentralized settlement layer and nothing will change about that.
$ETH at these levels is criminal.
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