The Ethereum Foundation has $970.2 million in its treasury, according to the recently published report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments.
A whopping 99.45% of the foundation’s crypto holdings are in ETH, representing 0.26% of the total ether supply as of this date. By prioritizing ETH for the majority of its treasury, the Ethereum Foundation said it reaffirms its long-term commitment to the potential of the second largest blockchain.
The Ethereum ecosystem secures $22.2 million in total treasures
The primary purpose of the Ethereum Foundation treasury is to fund public goods important to the Ethereum ecosystem in the long term. To achieve this, the nonprofit maintains a treasury management strategy that safeguards its resources, even in the face of prolonged market downturns.
This includes periodically liquidating ETH to create financial reserves and increasing fiduciary savings during bull markets to support expenses in bear markets, according to its latest report.
The Ethereum ecosystem is backed by $22.2 billion in secured treasuries belonging to foundations, organizations and DAOs by 2024. While the Ethereum Foundation manages 4.4% at $970 million, Optimism leads the ecosystem with a 15.8% to $3.5 billion, while Uniswap follows with 14% to $3.1 billion.
Mantle controls 11.3% at $2.5 billion, and Arbitrum has 8.6% at $1.9 billion of the total treasury. Gnosis holds 8.1% at $1.8 billion, followed by ENS at 5.4% at $1.2 billion.
Other notable titles include The Graph, Safe, Sky, SuperVerse, Lido, etc. Meanwhile, smaller treasures include Aave, dYdX, Research Hub, and Stargate Finance, among others.
The Ethereum Foundation notes,
“Over the past few years, the Ethereum ecosystem has grown. There are now many organizations and institutions contributing to Ethereum and pushing its boundaries, including businesses, non-profits, DAOs, L2 organizations, and more. Our ecosystem has never been stronger.”
EF leads ecosystem funding with over $240 million
In terms of funding distribution, the Ethereum ecosystem recorded a total deployment of $457 million in 2022-2023, with a one-time contribution from the Ethereum Foundation of 48.3% or $240.3 million . The second largest was from Sky (formerly known as MakerDAO) whose contribution was 15.3% with $76 million, followed by Optimisme with 10.4% or $51.8 million.
Key contributors include Gitcoin with 4.2% or $20.8 million, Decentraland with 2.8% or $13.9 million, and Aragon with 2.4% or $11.8 million . The ecosystem also attracted smaller but significant contributions from various entities.
Prominent DEX Uniswap, for example, injected $10.7 million, while Starknet, MetaMask, and Protocol Guild injected $9.1 million, $4.8 million, and $4.8 million, respectively. The remaining 10.7%, or $53.1 million, was contributed by other organizations in the ecosystem.
SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).
2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!