Ethereum, the distributed network that serves as the base layer for most of DeFi, launched five years ago. In its short life, Ethereum has grown to become the second-largest cryptocurrency after bitcoin, surpassing it in other metrics, including in number of daily transactions and settlement value.
Another measure of its success, as I recently wrote in a CoinDesk column, is to examine whether Ethereum builders achieved what they set out to do.
“Rather than being limited to a specific set of transaction types, users will be able to use Ethereum as a sort of ‘Minecraft of crypto-finance,” Vitalik Buterin wrote in the Etheruem whitepaper.
Vitalik listed the following applications, which he imagined could live on this protocol: Sub-currencies, Financial derivatives, identity and reputation systems, Decentralized Autonomous Organizations, insurance, decentralized data feeds, gambling and prediction markets, a full-scale on-chain stock market and an on-chain decentralized marketplace.
from Ethereum https://www.reddit.com/r/ethereum/comments/i0w07l/happy_5th_birthday_ethereum/