The Ethereum Foundation (EF) has released its 2024 annual report, detailing financial updates, treasury holdings, and recent policy initiatives. As of October 31, 2024, the EF’s treasury totals approximately $970.2 million, with $788.7 million in crypto—primarily ETH—and $181.5 million in non-crypto investments. These substantial ETH reserves reflect the Foundation’s confidence in Ethereum’s long-term potential and commitment to maintaining a strong presence within the network.
In addition to EF’s holdings, the Ethereum ecosystem benefits from over $22 billion in combined treasury assets held by various foundations, organizations, and DAOs. The report highlights that even a small allocation from these treasuries would provide significant resources to sustain and grow the Ethereum ecosystem over the long term. Ecosystem projects received nearly $500 million in funding across 2022 and 2023, with EF contributing $240.3 million. Other organizations like MakerDAO, Optimism, and Uniswap also provided support, emphasizing the collaborative nature of Ethereum’s ecosystem.
To strengthen transparency, the Ethereum Foundation has implemented a conflict of interest policy mandating disclosure for investments exceeding $500,000 (excluding ETH). This policy aims to prevent potential conflicts among EF members by excluding them from relevant decisions if they are highly exposed to related assets. This move represents a step towards enhancing integrity within the EF and the wider Ethereum ecosystem, particularly in light of recent controversies involving EF researchers taking advisory roles with certain projects.
Overall, the EF’s annual report highlights its commitment to transparency, integrity, and collaboration within the Ethereum ecosystem. The substantial treasury holdings, combined with funding support for ecosystem projects, demonstrate the Foundation’s dedication to supporting innovation and growth within the community. By implementing policies like the conflict of interest policy, the EF aims to ensure accountability and ethical practices among its members, further strengthening Ethereum’s position as a leading blockchain platform.
