Ethereum Foundation Sells ETH Every 11 days on Average, Raising $10 Million in 2024😂😂😂😂
The Ethereum Foundation's 2024 report has generated significant buzz in the market. According to the report, the foundation deployed nearly $500 million to support ecosystem projects in 2022 and 2023, with $240.3 million contributed by the Ethereum Foundation itself . This substantial investment demonstrates the foundation's commitment to growing and sustaining the Ethereum ecosystem.
The report also reveals that the Ethereum ecosystem is supported by over $22 billion in treasury funds, held by foundations, organizations, and decentralized autonomous organizations (DAOs) . Notably, the Ethereum Foundation's treasury stands at $970 million . This significant reserve underscores the foundation's long-term confidence in Ethereum.
Key Highlights of the Report:
- Ecosystem Support: $497 million deployed to support ecosystem projects in 2022 and 2023
- Treasury Funds: Over $22 billion in treasury funds held across the Ethereum ecosystem
- Ethereum Foundation's Treasury: $970 million
- Conflict of Interest Policy: Implemented to ensure transparency and integrity within the foundation
The report's findings have sparked enthusiasm among investors and enthusiasts, reinforcing the notion that Ethereum remains a leading player in the blockchain space.
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