As a seasoned analyst with over a decade of experience in the crypto industry, I find the Ethereum Foundation Report 2024 to be a comprehensive and insightful document. The transparency and disclosure of the Foundation’s reserves, particularly its significant holdings of Ether, are commendable. It’s impressive to see that the Ethereum Foundation holds over 0.26% of ETH‘s net circulating supply, making it a major player in the Ether market.
Aya Miyaguchi, the Executive Director at the Ethereum Foundation, has made public the Ethereum Foundation Report 2024. This extensive document offers an insightful perspective on Ethereum Foundation policies and resources. It delves deep into the status of EF reserves and highlights the primary focus areas for Ethereum Foundation’s future activities.
$970 million held by Ethereum Foundation treasury, over 81% in ETH
According to the Ethereum Foundation Report 2024, which was recently shared by Executive Director Aya Miyaguchi on November 8, 2024, the foundation holds a total of $970,200,000 in treasury reserves. Approximately 81.3% of this amount is kept in cryptocurrency form. It’s also important to note that a staggering 99.45% of these crypto reserves are in the form of Ether, which is the native currency of the Ethereum network.
2024 Edition of the Ethereum Foundation Report Unveiled: Dive into our latest projects, supporters, emerging Ethereum-related entities, and fresh policies. Find the complete report below: [Link]
— Aya Miyaguchi (ayamiya.eth) (@AyaMiyagotchi) November 8, 2024
EF continues to be a significant Ethereum stakeholder, as its treasury controls approximately 0.26% of the total circulating Ethereum supply. Additionally, it has earmarked $181.5 million for investments outside the crypto sphere.
For the past two years, the Ethereum Foundation has disbursed approximately $240 million from its reserves. In the recent period of 2022 to 2023, around $140 million was allocated towards research and development of Ethereum’s core layer and supporting new institutions.
2024 Ethereum Foundation Report offers a concise glimpse into the EF Teams and Grants as well. This segment encompasses:
Additionally, EF backs several entities contributing to Ethereum (ETH) research, cryptography, and expansion. These entities consist of the L2Beat tracker, the Nomic Foundation’s software development project, the 0xPARC cryptography group, among others.
Seven core focuses for Ethereum Foundation
According to the report, the Ethereum Foundation concentrates its efforts on key areas such as Layer One Research and Development, Layer Two Research and Development, Research and Development at Applied ZK, Developer Platforms, Community Engagement, Internal Operations, and Support for New Institutions.
To round things off, the report highlights the accumulated statistics of the treasuries associated with projects within the Ethereum (ETH) network. In all, an impressive $22.2 billion is safeguarded across numerous leading, verified treasuries. A significant portion of these are made up of tokens native to prominent Ethereum (ETH) figures such as Uniswap (UNI), Optimism (OP), or Gnosis (GNO).
The charitable organization known as the Ethereum Foundation was established on July 6, 2014, in Zug, Switzerland, with Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin serving as its founders.
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2024-11-08 14:44