The ethereum Foundation has $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in cryptocurrencies and $181.5 million in investments in non-digital assets.
A significant 99.45% of the foundation's cryptocurrency holdings are in eth, representing 0.26% of the total ether supply as of that 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.
ethereum Ecosystem Secures $22.2 Billion in Total Treasuries
The primary goal 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 declines.
This includes periodically liquidating eth to build financial reserves and boosting fiat savings during bull markets to support spending in bear markets, according to its latest report. ethereum.foundation/report-2024.pdf” target=”_blank” rel=”noopener” data-wpel-link=”external”>report.
The ethereum ecosystem is backed by $22.2 billion secured in treasuries belonging to foundations, organizations and DAOs in 2024. While the ethereum Foundation manages 4.4% with $970 million, Optimism leads the ecosystem with 15.8% with $3.5 billion, while Uniswap follows with 14%. to 3.1 billion dollars.
Mantle controls 11.3% with $2.5 billion, and Arbitrum owns 8.6% with $1.9 billion of the total treasury. Gnosis maintains 8.1% with 1.8 billion dollars, followed by ENS with 5.4% with 1.2 billion dollars.
Other notable forks 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:
“In recent 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 the financing of ecosystems with more than 240 million dollars
In terms of fund distribution, the ethereum ecosystem recorded a total deployment of $457 million during 2022-2023, with the ethereum Foundation alone contributing 48.3% or $240.3 million. The second largest came from Sky (formerly known as MakerDAO), whose contribution was 15.3% at $76 million, followed by Optimism at 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.
DEX standout Uniswap, for example, invested $10.7 million, while Starknet, MetaMask, and Protocol Guild pumped in $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.
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