Ethereum Ignites the Decade: Limited-Edition NFT Torch Marks 10 Years of Blockchain Dominance

Ethereum just dropped a crypto-cultural bombshell—celebrating its 10th anniversary with a symbolic NFT torch. Because what’s a milestone without a tokenized flex?

The 'Flame of Progress' collection—limited to 10,000 algorithmically generated torches—doubles as both a commemorative artifact and a not-so-subtle dig at legacy finance’s stagnant trophy cases. Each NFT burns brighter in your wallet than your bank’s 0.01% APY ever could.

Early adopters get bragging rights; latecomers get FOMO. The drop coincides with Ethereum’s Layer 2 solutions finally outpacing Visa in TPS—because celebrating the past is fun, but flaunting the future is better.

Will Wall Street finally notice? Unlikely. Their spreadsheets still can’t process anything that doesn’t fit in a quarterly report.

That limited availability keeps the focus on the project’s message rather than on trading. It also reinforces the idea that the token’s value lies in what it represents for the network’s users and builders.

The Ethereum NFT market is showing signs of life again

On‑chain figures show a strong rebound in NFT trading. Last week, total NFT sales on all chains topped $110 million, the highest weekly total in the last 6 months.

Projects built on Ethereum made up a sizeable chunk of that figure. They recorded about $75 million in volume, a roughly 300 percent jump from two weeks earlier. 

This surge coincided with a nearly 50 percent rise in Ethereum’s price since July 6, which has drawn in collectors and traders back to the market. Analysts say this spike could signal a renewed confidence in digital art and collectibles.

The rebound follows a weak 2024 for NFTs, when trading fell 18 percent from the previous year. Other chains saw mixed results. Bitcoin‑based digital collectibles reached $25.6 million in weekly volume, almost double the $11 million seen in early July. 

Meanwhile, trading on Polygon dipped slightly. These shifts suggest interest in NFTs is spreading but remains centered on the biggest players.

On the institutional side, Cboe BZX has filed for a new exchange‑traded fund with Canary Capital that WOULD hold PENGU tokens tied to the Pudgy Penguins collection. 

According to CoinGecko data, Pudgy Penguins rank second in volume among all NFT series, trailing only CryptoPunks and outpacing Bored APE Yacht Club derivatives.

In a sign of renewed demand, one buyer spent $8.5 million to purchase 48 CryptoPunks in a single transaction.

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