Ethereum (ETH) was designed in 2013 and launched in 2015. Over the course of 10 years, there have been significant differences between expectations and what has happened.

Blockchains exhibit strong network effects and are often concentrated around a few major players. However, as of 2024, there will be 2.5 million cryptocurrencies in existence, with more than 50 of them having a market cap of billions of dollars. Ethereum has made it easy to create new tokens, which has increased diversity.

Institutional adoption has been different than expected. New asset classes have attracted more attention than traditional business processes. For example, Nike earned $185 million in NFT revenues.

How do you think the future of blockchains will shape itself? Share your views in the comments.