Ethereum\u2019s (ETH) genesis block turned 11 on July 30, closing quite a busy year. The network now runs on a 60 million gas limit, double where it sat two years ago, with rollups carrying roughly 95% of its transactions.<\/p>\n
On the morning of the anniversary, blocks were landing about 229 transactions each, close to 21 per second on the base layer, and running 55% full. The base fee sat near 5.3 gwei, which works out to about $0.20 for a plain ETH transfer, $0.52 for an ERC-20 transfer, and $3.79 for a swap, according to data from Etherscan.<\/p>\n
The fund wrappers arrived alongside the scaling. Morgan Stanley began trading<\/a> the cheapest US ether ETP at a 0.14% expense ratio on Tuesday, staking 50% to 80% of its holdings and passing the rewards through.<\/p>\n Likewise, BlackRock\u2019s ETHB holds<\/a> spot ETH and stakes a portion of it, the firm\u2019s first crypto fund to do so. Both lean on Revenue Procedure 2025-31, the safe harbor letting exchange-traded products stake and distribute rewards without a separate tax charge.<\/p>\n Two upgrades are queued for this year: Glamsterdam and Hegot\u00e1. The 2026 protocol roadmap sets three tracks \u2013 scaling, user experience, and hardening the base layer \u2013 and targets a gas limit beyond 100 million per block, and names post-quantum readiness a consideration<\/a> across protocol development.<\/p>\n Despite all of this, it has been a painful year for the native token. ETH traded at $1,920 on July 30, down 49% over the 12 months to the anniversary and 61% below the $4,946 record it set on August 24, 2025. Its market capitalization stood at $231 billion across 120.7 million coins, second behind Bitcoin.<\/p>\n The network had some interesting developments, and the overall project managed to thrive, despite all the duress the Ethereum Foundation (EF) went through recently.<\/p>\n Around 54 colleagues had departed, close to 20% of its workforce, and reorganized what remained into five clusters covering the protocol, access, user, community and institutional layers, plus operations and management.<\/p>\n Investor Ryan Berckmans, an eight-year figure in the community, attributed<\/a> the wider wave of exits to disagreements over sub-strategies. He said confidence in the network itself was not the reason. Researchers Carl Beek, Julian Ma, Barnab\u00e9 Monnot, Tim Beiko, Trent Van Epps and Josh Stark all left during the same stretch.<\/p>\n Tomasz Sta\u0144czak stepped down as co-executive director on February 13, effective immediately, with Bastian Aue named interim co-executive director. The board said Sta\u0144czak left \u201cafter extensive contributions to the Foundation\u2019s mission and operations.\u201d<\/p>\n Hsiao-Wei Wang resigned<\/a> as co-executive director and board member in June, writing that she had decided to step down \u201cafter my sabbatical.\u201d That leaves Vitalik Buterin, Patrick Storchenegger and Aya Miyaguchi on the board.<\/p>\n The post A Rocky Year: Ethereum Turns 11 Years as ETH Trades 61% Below the High Set Last August<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum\u2019s (ETH) genesis block turned 11 on July 30, closing quite a busy year. The network now runs on a 60 million gas limit, double where it sat two years ago, with rollups carrying roughly 95% of its transactions. On the morning of the anniversary, blocks were landing about 229 transactions each, close to 21 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-206556","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206556"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=206556"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206556\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=206556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=206556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=206556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Two Directors Out in Five Months<\/h2>\n