RE: LeoThread 2025-07-09 13:47
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Part 5/12:
Innovations and Use Cases
Ethereum introduced a groundbreaking standard for programmable money and decentralized applications. Its ecosystem fueled diverse use cases—decentralized finance (DeFi) platforms, NFT marketplaces, stablecoins, decentralized exchanges, and autonomous organizations known as DAOs. Notably, the 2017 ICO boom saw hundreds of startups launching tokens on Ethereum’s ERC-20 standard, raising billions and elevating ETH’s value from under $10 to over $1,000 within a year.
The platform’s flexibility sparked explosive growth, highlighted by viral projects like CryptoKitties in 2017, which congested the network and exposed scalability issues. This surge in popularity contributed to Ethereum's 2021 all-time price peak of approximately $4,878.