- Ethereum just hit 10 years of nonstop uptime. Zero outages.
- The community’s hyped, but critics say L2s aren’t as decentralized as advertised.
- Derivatives data points to bullish momentum, with ETH Open Interest hitting a record $57.7B.
Ethereum just hit a pretty wild milestone—10 years online, non-stop. Not one second of planned or unplanned downtime. No maintenance windows. No off-switch. That’s… kinda bonkers in a world where even giants like AWS and Facebook take naps. But while the Ethereum Foundation’s busy throwing confetti, not everyone’s popping champagne.
Sure, the data shows a sharp spike in derivatives action. Open Interest hit a record $57.7B. That alone says the market’s buzzing. But if you scroll through crypto Twitter right now? You’ll find plenty of skeptics with their eyebrows way up.
Uptime Like No Other (Literally)
Let’s start with the big flex: a decade of 24/7 uptime. No crashes. No outages. Just nonstop blocks, no CEO required. One post from an Ethereum Foundation contributor went viral, saying it best:
“…it’s not because someone saved it. it’s because we all did.”
Vitalik himself reposted it. Community vibes were strong. Someone else chimed in with:
“Still holding ETH to 10k this cycle is inevitable.”
Another user posted,
“Jumped into Ethereum last year and feel so inspired by the community!”
But not everyone’s cheering.
Skeptics Are Louder Than Ever
While fans celebrate, critics have taken this moment to hit back hard—especially on decentralization. One blunt post put it like this:
“Ethereum not only went down it was forked. Stop sugar coating… Every L2 txn is legally in escrow.”
Another user dropped a more scathing jab:
“It was supposed to be the world’s computer… The world can’t afford $100s per TXN.”
The debate on Layer 2s is heating up. Are they really decentralized? Depends who you ask, but it’s getting loud.
Meanwhile, ETH Derivatives Are Booming
Regardless of the chaos on X, the market doesn’t seem scared. ETH Open Interest is blasting through all-time highs. Funding rates have ticked up to 0.0134, which usually means traders are betting on more upside.
That spike? Happened in the last few days of July—fast and furious. Even with regulation talk looming and the decentralization drama spinning up, the market’s leaning bullish.
So yeah, Ethereum’s turning 10 with a weird mix of proud tweets, angry posts, and billion-dollar bets. Business as usual, I guess.
