# Solidity Celebrates 10 Years Source: https://ethdaily.io/736 Kiwi News: https://news.kiwistand.com/stories/Solidity-Celebrates-10-Years?index=0x686fcdf53f8b323f570ceaaebc4e0aeb82204e1bd4b4a22a8d3f21a89c6b2a8bab7fcf67 Submitted by pedrovilela.eth on 2025-07-10 UTC, 8 upvotes, 0 comments ## Summary Solidity, the most widely used language for writing smart contracts on the EVM, marks 10 years since its 2015 release, with the Solidity team aiming to simplify the core language and move more complexity into standard libraries. Alternative compiler Solx launched its LLVM-based compiler to beta to mark the milestone. The same roundup reports that GMX suffered a $40 million exploit on its V1 instance, in which an attacker manipulated leverage-enabled functionality and inflated the vault's AUM, and that tokenized real-world assets surpassed $25 billion in market capitalization. SEC Commissioner Hester M. Peirce also issued a statement saying tokenized securities remain subject to federal securities laws. ## Article news - July 9, 2025 The most widely used programming language for developing smart contracts on the EVM was introduced in 2015. Solidity celebrates 10 years. GMX suffers an exploit. Tokenized RWA TVL hits $25b. SEC statement on tokenized securities. Solidity, the most widely used language for developing smart contracts on the EVM, is celebrating 10 years since the release of its high-level programming language and compiler in 2015. Solidity enables developers to write contract logic that compiles into EVM bytecode. Marking the milestone, Solx, a new alternative Solidity compiler, launched its LLVM-based compiler to beta. Solx automatically spills variables into memory. Looking ahead, the Solidity team aims to simplify the core language and shift more complexity into standard libraries, paving the way for a leaner and formally defined language. GMX, the second-largest protocol on Arbitrum by TVL, suffered a $40 million exploit on its V1 instance. An attacker manipulated leverage-enabled functionality by opening a large short position just before redeeming the protocol’s LP tokens. It artificially inflated the vault’s Assets Under Management (AUM), allowing the attacker to redeem more funds than the GLP was worth. The root cause was that the executeDecreaseOrder function accepted a smart contract as its first parameter, instead of restricting it to an externally owned account, enabling the attacker to execute arbitrary code and manipulate the vault’s internal state. GMX V1 forks are urged to disable leverage and restrict GLP minting. The market capitalization of tokenized real-world assets (RWAs) has surpassed $25 billion. Over 58% of tokenized RWAs reside on the Ethereum mainnet. ZKsync is the second-largest network by RWA TVL with more than $2.2 billion in tokenized assets. BlackRock’s BUIDL fund is the largest tokenized RWA with $2.8 billion in TVL. According to data from rwa.xyz, the ecosystem includes 288,596 asset holders and 249 issuers. Meanwhile, stablecoin demand continues to surge, with the supply of stablecoins on Ethereum reaching an all-time high, reaching $131 billion in stablecoin market cap. SEC Commissioner Hester M. Peirce issued a statement on the tokenization of securities, noting that while tokenized securities can enhance capital formation and asset use as collateral, they are still subject to federal securities laws. Peirce emphasized that tokenized instruments must meet the same legal requirements as traditional securities, and tokens could be classified either as distinct securities or as security-based swaps. Her statement follows Robinhood’s launch of Token Stocks, which are not yet available to U.S. users. Fidelity report on Ethereum ElectricCapital shares ETH thesis Celo activates Isthmus hardfork Polygon Heimdall v2 upgrade EF supports Pond AI hackathon EspressoFND Season 0 partners a16z incorporates in Nevada NodeOps introduces a grant program Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.