The Ethereum 
$1,776 Foundation has published its 2024 report, revealing a treasury valued at $970 million. The report emphasizes the Foundation’s current teams, grantee organizations, and efforts to advance the Ethereum ecosystem. Aya Miyaguchi, the Foundation’s executive director, clarified the Foundation’s impact in the Ethereum market.
Details from the Ethereum Foundation 2024 Report
Aya Miyaguchi announced the report on November 8 through the X platform, providing crucial insights into the Foundation’s recent activities. According to the report, the Ethereum Foundation (EF) operates multiple teams dedicated to various efforts aimed at contributing to the Ethereum ecosystem.
The report also noted that this year, the Foundation established a conflict of interest policy to help team members manage their relationships within the ecosystem. The Ethereum Foundation stated that this policy will be reviewed one year later for feedback and potential adjustments. The recent departure of Foundation participants from various crypto projects, likely due to conflict of interest concerns, may relate to this policy shift.
Treasury Distribution and Crypto Investments
As of October 31, the Foundation indicated that its total treasury consists of $788.7 million in crypto assets and $181.5 million in non-crypto investments. The substantial portion of the treasury held in ETH has raised concerns among market participants, with the Foundation’s crypto assets representing 99.45%, equating to 0.26% of the total ETH supply.
“The Ethereum ecosystem is backed by billions secured in the treasuries of foundations, organizations, and DAOs.”
EF grants also play a significant role in enhancing ecosystem activities. These grants are approved and assessed by Foundation teams, supporting organizations such as Argot Collective, Geodework, L2BEAT, Nomic Foundation, and 0xPARC.
The Ethereum Foundation’s 2024 report highlights its strong position in the Ethereum marketplace and contributions to the ecosystem. While the ETH allocation within the treasury draws attention, new policies and grants continue to support the sustainability of the ecosystem. The Foundation’s Ether holdings remain relatively minor compared to the total supply.
