The Ethereum Foundation (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, released its 2024 annual report, providing updates on finances, treasury holdings, and recent policy initiatives. As of October 31, 2024, the EF’s treasury totaled approximately $970.2 million, including $788.7 million in crypto and $181.5 million in non-crypto investments.
The report highlights the EF’s commitment to maintaining a strong presence within the network and its confidence in Ethereum’s long-term potential. Ethereum’s ecosystem benefits from over $22 billion in combined treasury assets held by various foundations, organizations, and DAOs. These treasuries primarily comprise the native tokens of crypto projects like dYdX, The Graph, Uniswap, and others.
The report emphasizes that even a small allocation from these treasuries would provide significant resources to sustain and grow the Ethereum ecosystem over the long term. The Ethereum Foundation and ecosystem partners allocated nearly $500 million to ecosystem projects across 2022 and 2023. The EF contributed $240.3 million (48.3% of total funding), with the remaining support coming from organizations like MakerDAO, Optimism, Gitcoin, Decentraland, Aragon, Uniswap, Starknet, MetaMask DAO, and Protocol Guild.
This collective funding highlights the collaborative nature of Ethereum’s ecosystem and supports innovation within the community. To strengthen transparency, the Ethereum Foundation has implemented a conflict of interest policy, mandating disclosure for investments exceeding $500,000 (excluding ETH).
The policy aims to prevent potential conflicts among EF members by excluding them from relevant decisions if they are highly exposed to related assets. This move represents a step toward enhancing integrity within the EF and the wider Ethereum ecosystem.
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