According to ChainCatcher, Hudson Jameson, a former Ethereum employee, published an article on X about the Ethereum Foundation's budget. Hudson said that the Ethereum Foundation (EF) has an annual budget of about $100 million, which is used to support a variety of projects and activities around the world. Key expenditures of the Foundation's budget include:

  • Global trademark protection legal fees to prevent scammers from using the Ethereum name or logo.

  • A number of servers and development infrastructure used by protocol teams both inside and outside EF, such as hard fork testing, boot nodes, fork monitoring tools, and PSE infrastructure for setup ceremonies.

  • http://ethereum.org (does not operate the website, but provides hosting, the URL, and pays fees to some key coordinators and contributors).

  • Research collaborations, such as the VDF research conducted with Filecoin a few years ago.

  • Devcon/DevConnect

  • Grants: The Foundation awards a large number of grants each year, which account for a significant portion of its budget.

  • Salaries: At least 200 people in each region of Ethereum.

In terms of increasing transparency, Hudson said that many of the people’s demands are reflected in the Ethereum report to be released in 2022. He said that instead of asking to stop funding Ethereum, it is better to directly ask for the relevant data you want to know.