Ethereum ecosystem treasuries top $22 billion, with resources poised to support network’s future growth

Ethereum ecosystem treasuries top $22 billion, with resources poised to make stronger network's future divulge

Impress Up For A Crypto Bank Anecdote Recently.

Impress Up Now

Coinbase’s Brian Armstrong champions ‘crypto mom’ Hester Peirce for SEC chair Dapps’ income hits $164M in October amid growing adoption Trump administration pondering Robinhood appropriate chief for SEC chair scheme Detroit becomes first city to fully adopt crypto funds for taxes, costs DEGEN L3 migration hindered by Conduit standoff and financial losses

Ethereum ecosystem treasuries top $22 billion, with resources poised to make stronger network’s future divulge Oluwapelumi Adejumo · 1 hour within the past · 2 min be taught

Records â¸ Ethereum â¸ Crypto

Ethereum ecosystem treasuries top $22 billion, with resources poised to make stronger network’s future divulge

Ethereum Basis prioritizes integrity with fresh protection following most unusual advisory scheme controversies.

Oluwapelumi Adejumo

Nov. 8, 2024 at 12:35 pm UTC

2 min be taught

Updated: Nov. 8, 2024 at 12:11 pm UTC

Quilt artwork/illustration by strategy of CryptoSlate. Image contains blended exclaim material that would possibly per chance consist of AI-generated exclaim material.

Earn, Put together & Develop Your Crypto Investments With Brighty

The Ethereum Basis (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, has released its 2024 annual tale detailing financial updates, treasury holdings, and most unusual protection initiatives.

The tale highlighted the organization’s funds breakdown, spending from most unusual years, and fresh insurance policies designed to foster transparency and integrity across the Ethereum ecosystem.

Treasury keeping

As of Oct. 31, 2024, the EF’s treasury totaled roughly $970.2 million, comprising $788.7 million in cryptoâbasically ETHâand $181.5 million in non-crypto investments.

Ethereum Basis Tresury Reserve — Ethereum Basis Treasury Reserve (Offer: Ethereum Basis)

EF’s acknowledged its ETH holdings relate around 0.26% of Ethereum’s total present as of Oct. 31. These enormous ETH reserves replicate the Basis’s self belief in Ethereum’s prolonged-time duration doubtless and its dedication to inserting forward a sturdy presence throughout the network.

The EF clarified that its treasury serves as a financial backbone for terribly fundamental tasks throughout the Ethereum ecosystem. The Basis periodically converts a a part of its ETH holdings to fiat currency, especially throughout market upswings, to be definite that ample resources throughout market downturns.

Ecosystem treasury

Beyond EF’s holdings, Ethereum’s ecosystem benefits from over $22 billion in blended treasury resources held by varied foundations, organizations, and DAOs.

The treasuries basically comprise the native tokens of crypto tasks cherish dYdX, Aave, Polygon, The Graph, Optimism, Uniswap, Mantle, Arbitrum, Lido, Gnosis, and the Ethereum Title Carrier.

Ethereum Ecosystem Treasury (Offer: Ethereum Basis)

The story emphasizes that even a little allocation from these treasuries would offer fundamental resources to retain and develop the Ethereum ecosystem over the prolonged time duration.

Ecosystem funding

The Ethereum Basis and ecosystem companions allocated in relation to $500 million to ecosystem tasks across 2022 and 2023.

EF contributed $240.3 million (Forty eight.3% of total funding), with the last make stronger from organizations cherish MakerDAO (rebranded as Sky), Optimism, Gitcoin, Decentraland, Aragon, Uniswap, Starknet, MetaMask DAO, and Protocol Guild.

Ethereum Ecosystem Funding (Offer: Ethereum Basis)

This collective funding emphasizes the collaborative nature of Ethereum’s ecosystem, driving innovation and make stronger for builders throughout the community.

EF Director Aya Miyaguchi emphasized that this funding system parallels Ethereum’s decentralized analysis and pattern processes, which relief collaboration and useful resource-sharing tasks. She acknowledged:

“Proud to claim that ecosystem funding is a shared effort as of late, unparalleled cherish Ethereumâs R&D project, which helps builders across the Ethereum ecosystem bag extra paths to relieve innovating.”

Warfare of curiosity protection

To make stronger its transparency, the Ethereum Basis has implemented a battle of curiosity protection, mandating disclosure for investments e to make stronger its transparency exceeding $500,000 (with the exception of ETH).

The protection targets to stop doubtless conflicts amongst EF members by with the exception of them from relevant choices if they are highly uncovered to related resources. Miyaguchi explained that this transfer represents a step toward improving integrity within EF and the broader Ethereum ecosystem.

It is especially prescient pondering Ethereum Basis researchers fair no longer too prolonged within the past came under fireplace for taking advisory roles with restaking protocol EigenLayer.

Talked about in this article

Posted In: Ethereum, Crypto

Creator

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's doubtless. He imparts insights on a unfold of issues cherish DeFi, hacks, mining and custom, underlining transformative vitality.

Editor

Liam 'Akiba' Wright

Editor-in-Chief at CryptoSlate

Furthermore acknowledged as "Akiba," Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that decentralized abilities has the doubtless to form fashionable definite alternate.

People were interested in these podcasts

Play Episode

31min

CryptoSlate SlateCast

Uphold CEO Simon McLoughlin talks stablecoins, regulation, and the future of crypto on SlateCast

In a recent episode of the SlateCast, CryptoSlate's Editor-in-Chief, Liam "Akiba" Wright, sat down with Simon McLoughlin, CEO of Uphold, to discuss key developments in the cryptocurrency space. Their conversation covered the evolution of stablecoins, regulatory changes, and the increasing intersection of AI and crypto. McLoughlin shared insights on how Uphold is positioning itself as a leader in the digital finance space, offering transparency, regulatory compliance, and innovation to its users.Regulatory Shifts and Market SentimentMcLoughlin expressed optimism about the future of the crypto industry, citing significant regulatory shifts in the United States."Who would have thought six months ago that we would have Hester Peirce heading up the SEC Working Group for Crypto, Cynthia Lummis chairing the Senate Committee on Digital Assets, and the removal of SAB 121?" he remarked.Despite recent sell-offs in the market, McLoughlin remains confident."These sell-offs are natural market phenomena. The fundamentals are stronger than ever, and institutional adoption is pushing Bitcoin closer to being treated like a traditional risk asset."Stablecoins as a Catalyst for Financial InnovationOne of the major topics of discussion was the rapid growth of stablecoins. According to McLoughlin, the stablecoin market exceeded $200 billion in 2023 and could reach $300 billion in the near future."The value proposition is clear: send a dollar anywhere in the world in less than a second for less than a cent," he explained. "Traditional banking systems struggle with cross-border transactions, and stablecoins offer a seamless alternative."Uphold is capitalizing on this shift by expanding its stablecoin offerings across multiple blockchains."We currently support five stablecoins on 15 blockchains, and by next month, that will increase to 34 blockchains. Payments companies need a seamless infrastructure, and we provide the necessary accessibility and security," McLoughlin added.Uphold’s Approa

CryptoSlate SlateCast

Proof-of-Work security: Mike Siers on AuthLN’s bold vision for cyber defense

In a recent SlateCast episode, CryptoSlate’s Editor-in-Chief, Liam “Akiba” Wright, spoke with AuthLN Founder Mike Siers about leveraging Bitcoin’s Lightning Network to address the massive problem of cybercrime. Drawing on his background as a military veteran, Siers explained how his proof-of-work-based authentication approach can impose genuine costs on would-be attackers.Mounting Cyber Threats and the Need for ChangeModern society relies heavily on digital infrastructure, yet hacks and data breaches continue to escalate. According to Siers, losses from cybercrime in 2024 alone are estimated at 9.5 trillion dollars, far eclipsing the comparatively smaller sums often highlighted in crypto-related thefts.“There are massive cyber attacks happening every single day,” he said. “We’re just going on as if everything is normal and our entire world is anchored online.”Siers argued that current security measures, such as firewalls and password protections, often act more like puzzles that attackers can eventually solve. “At the end of the day… attackers have the advantage of time,” he pointed out. “There really is no deterrence factor.”Introducing Proof-of-Work AuthenticationAuthLN seeks to close this gap by applying Bitcoin’s proof-of-work concept to authentication. As Siers put it:“What AuthLN is doing is introducing a cost mechanism via proof of work that wasn’t there before, that you’re going to need to satisfy prior to making any authentication attempt.”In practical terms, users (especially at an enterprise or nation-state level) must place a certain amount of Bitcoin as collateral through the Lightning Network before even trying to log in. If credentials fail to match, the collateral is forfeited—instantly turning break-in attempts into a costly gamble. Conversely, authorized users who “fat-finger” a password can still be protected by arrangements between AuthLN and their organization.Why the Lightning Network?Asked why AuthLN turned to Bitcoin, Siers highlighted the ro

CryptoSlate SlateCast

Jesse Glass explains Decide AI’s push for on-chain AI agents and privacy-first LLMs.

In a recent episode of the SlateCast, CryptoSlate’s Editor-in-Chief Liam “Akiba” Wright and CEO Nate Whitehill sat down with Jesse Glass, Lead AI Researcher at Decide AI. The conversation delved into Decide AI’s groundbreaking efforts to merge artificial intelligence (AI) with blockchain technology, focusing on privacy-preserving identity verification, the role of decentralized AI in advancing AGI (artificial general intelligence), and the future of data ownership.Revolutionizing Identity VerificationJesse Glass opened the discussion by explaining Decide AI’s core mission: to create AI-driven applications that verify human identity without storing sensitive data on-chain. This approach enables "civil resistance" and ensures higher data quality while maintaining user privacy.“Decide AI is a set of AI applications and integrations for LLMs and identity. For ID, we use AI to verify that you're a human without storing that data on-chain,” said Glass.The system integrates with both blockchain and Web2 applications, offering a novel solution to data protection. With increasing scrutiny on how personal data is handled by centralized entities, Decide AI’s strategy could serve as a blueprint for privacy-first verification protocols.AI on the Blockchain: Challenges and PossibilitiesDeploying AI on-chain is a significant challenge, but one that Decide AI is actively addressing. Glass shared insights from his experience deploying GPT-2 on the Internet Computer (ICP) blockchain. He highlighted the technical hurdles posed by blockchain’s computational constraints, noting that traditional AI workflows rely on off-chain compute resources provided by large corporations.“When I experimented with deploying GPT-2 on the Internet Computer, it exposed how spoiled we’ve become outsourcing compute to megacorporations,” said Glass. “On-chain AI presents challenges like quantization, CPU cache vs. instructions, and WASM compilation, which requires optimized data structures.”Glass’s perspecti

CryptoSlate SlateCast

Inside Pundi AI: How blockchain and AI are converging for real-world utility

In a recent episode of the SlateCast, CryptoSlate CEO Nate Whitehill and Editor-in-Chief Liam “Akiba” Wright sat down with Indra Winarta, Head of Ecosystem at Pundi AI. Known for pioneering real-world crypto payments since 2017, Indra now leads Pundi’s evolution into the artificial intelligence frontier.From Payments to Data: A Dual-Track VisionIndra clarified early in the conversation that Pundi AI is not abandoning its roots in payments. Instead, it has expanded its ecosystem to include an AI-native layer, rebranding its Function X blockchain into what is now known as Pundi AI FX.“We’re not pivoting from our payment business,” Indra said. “Pundi X is focused on payments, while Pundi AI builds on top of our layer-one blockchain to tap into AI.”Pundi AI is developing several flagship offerings, including a data marketplace and a decentralized data annotation platform. The goal? Empower users globally to earn by contributing valuable training data—laying the foundation for more accurate and ethical AI.Tag-to-Earn and the Human Layer in AIA key feature of the Pundi AI ecosystem is its “tag-to-earn” mechanism, enabling users to annotate data and receive rewards in the Pundi AI token. Indra emphasized the importance of human-driven data labeling in an era of synthetic datasets.“We’re not just scraping the internet. Companies come to us with specific needs, and we guide annotators through well-defined tasks,” he explained. “This ensures the data is high quality and useful.”As Pundi AI moves toward launching its data marketplace, the platform aims to streamline the process for businesses to find and purchase pre-labeled datasets—opening new paths for scalable, enterprise-grade AI models.Community, Tokenomics, and Ecosystem AlignmentIn 2024, the community voted to rebrand the FX token to Pundi AI. This migration introduced a new tokenomics model that centers the Pundi AI token as both a governance asset and a reward currency for data contributors.“The rebrand was more than

Disclaimer: Our writers' opinions are solely their have and end no longer replicate the concept of CryptoSlate. No longer one of many data you be taught on CryptoSlate wish to be taken as investment advice, nor does CryptoSlate endorse any project that would possibly per chance be talked about or linked to in this article. Shopping and buying and selling cryptocurrencies wish to be opinion about a high-threat project. Please end your have due diligence prior to taking any motion related to exclaim material within this article. Lastly, CryptoSlate takes no accountability would possibly per chance perchance per chance perchance also still you lose cash buying and selling cryptocurrencies.

Ethereum ETH (24h)

$2,932.40 +4.18%

Vol: $31.02B MCap: $353.12B

Ethereum is a decentralized, commence-source blockchain platform that enables the introduction of tidy contracts and decentralized capabilities (DApps).

Extra about Ethereum

Optimism OP (24h)

$1.58839 +1.55%

Optimism is a layer-2 scaling network for the Ethereum blockchain.

Extra about Optimism

Arbitrum ARB (24h)

$0.57997 +0.98%

Arbitrum is a compose of craftsmanship acknowledged as an optimistic rollup.

Extra about Arbitrum

Uniswap UNI (24h)

$8.86915 -2.09%

Since its inception, the Uniswap Protocol (“Uniswap”) has served as a trustless and highly decentralized financial infrastructure.

Extra about Uniswap

Lido DAO LDO (24h)

$1.24930 -4.5%

Lido is a liquid staking resolution for Ethereum.

Extra about Lido DAO

Polygon MATIC (24h)

$0.37400 +10.03%

Polygon, a excellent layer 2 scaling resolution on Ethereum, has emerged as a multifaceted and scalable platform, improving the Ethereum ecosystem’s capabilities.

Extra about Polygon

Ethereum Basis

Nonprofit Firm in Europe

Ethereum Basis, a Swiss nonprofit organization, is a worldwide team of passionate builders.

Extra about Ethereum Basis

CryptoSlate on X x.com/cryptoslate

Preserve forward within the crypto game: Put together us on X for on a common foundation updates and evaluation.

Put together @cryptoslate

Source credit : cryptoslate.com

Galaxy Digital explores AI doubtless in response to Bitcoin mining slowdown