Fundings

Ethereum Foundation To Undergo Leadership Changes

Vitalik Buterin has announced major leadership changes at the Ethereum Foundation to prioritize technical expertise and improve communication with Ethereum (ETH) builders. Supporting Devs On January 18th, the Ethereum co-founder outlined the goals of supporting decentralized app developers and advancing decentralization, censorship resistance, and privacy. He also confirmed that the Foundation would avoid political lobbying or taking a central role in ecosystem development. The Dencun upgrade in March 2024 led to a 99% drop in transaction fees on Ethereum, spurring a rapid increase in rollups. While this raised concerns over base-layer revenue loss, the base layer revenues, which had fallen 99% in mid-2024, rebounded by the end of the year. Dealing With Criticisms These changes follow a rocky 2024, marked by the Foundation being repeatedly criticized over various issues such as budgeting, roadmap, and staffing. In May 2024, the Ethereum Foundation introduced a conflict of interest policy after several researchers, including Justin Drake and Dankrad Feist, took paid advisory roles at EigenLayer. Drake later apologized and stepped down in November.

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Mark Stevens

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