Launched in 2015 by Vitalik Buterin, introduced smart contracts, revolutionizing blockchain capabilities. Ethereum's decentralized platform enables developers to build diverse applications, fostering the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs).

Ethereum is a hub for decentralized finance (DeFi) applications, enabling various financial services without traditional intermediaries.

Ethereum supports the creation and trading of non-fungible tokens (NFTs), contributing to the growth of digital collectibles and art.

Ethereum has a thriving ecosystem of decentralized applications (DApps) across various industries. DApps built on Ethereum cover a wide range of use cases, including gaming, finance, social networking, and more. The platform's support for smart contracts provides the foundation for the development and deployment of these decentralized applications.

Ethereum is actively working on transitioning to Ethereum 2.0, a major upgrade that aims to improve scalability, security, and sustainability. The network is gradually moving from a proof-of-work to a proof-of-stake consensus mechanism.