The Proterozoic record
One of the most important events of the Proterozoic was the gathering up of oxygen in the Earth's atmosphere. Though oxygen was undoubtedly released by photosynthesis well back in Archean times, it could not build up to any significant degree until chemical sinks — unoxidized sulfur and iron — had been filled; until roughly 2.3 billion years ago, oxygen was probably only 1% to 2% of its current level.
The build-up of oxygen
Proterozoic life
Timetable of the Precambrian