Ethereum News: OKX CEO Honors Ethereum’s 10th Anniversary with Bold Vision for DeFi and L2 Innovation
Ethereum has reached a monumental milestone—its 10th anniversary. OKX CEO Jizhong Star commemorates this achievement, emphasizing Ethereum’s transformative impact on DeFi and Layer 2 innovation. Discover how Ethereum evolved from a “marginal experiment” to the backbone of Web3.
Ethereum News: OKX CEO’s Tribute to a Decade of Innovation
In a heartfelt blog post, OKX CEO Jizhong Star reflects on Ethereum’s journey from its inception in 2015 to becoming the foundation of decentralized finance (DeFi) and Layer 2 (L2) solutions. Star admits initially underestimating Ethereum’s potential, now recognizing its role in reshaping global finance.
DeFi Growth: Ethereum’s $45 Billion TVL and Beyond
Ethereum dominates as the largest dApp platform, with over $45 billion in DeFi total value locked (TVL) and $2.1 billion in daily trading volume on protocols like Uniswap. Key metrics include:
- 127 million active wallets
- 350,000 weekly onboarding via Layer 2 solutions
- 60% stablecoin market share ($82.1 billion)
L2 Innovation: Reducing Costs and Boosting Scalability
Ethereum’s transition to proof-of-stake (PoS) slashed energy consumption by 99.95%. Upgrades like EIP-4844 (Blobs) aim to cut Layer 2 transaction costs by 90%, addressing scalability challenges.
OKX’s Commitment to Ethereum’s Future
OKX pledges to co-develop Ethereum’s ecosystem, focusing on technical advancements like EIP-7702 and X Layer. Star’s vision aligns with Ethereum’s ethos of decentralization, reinforcing OKX’s leadership in Web3.
FAQs
1. What is Ethereum’s current role in DeFi?
Ethereum supports over $45 billion in DeFi TVL and $2.1 billion in daily trading volume, making it the leading platform for decentralized finance.
2. How has Ethereum improved scalability?
Layer 2 solutions and upgrades like EIP-4844 aim to reduce transaction costs by 90%, enhancing Ethereum’s scalability.
3. What is OKX’s role in Ethereum’s ecosystem?
OKX collaborates on technical advancements like EIP-7702 and X Layer, supporting Ethereum’s growth and innovation.
4. How has Ethereum’s energy efficiency changed?
The shift to PoS reduced Ethereum’s energy consumption by 99.95%, making it more sustainable.
