The Ethereum Foundation released its financial report, revealing a treasury worth $970.2 million as of October 31, 2024. This is a decrease of 39% from the $1.6 billion reported in March 2022. The majority of the foundation's treasury, 81.3%, is held in cryptocurrency, with 99.45% of that being in ether (ETH). The report highlighted the foundation's conservative treasury management strategy and its belief in the future of Ethereum. The foundation has spent $105.4 million in 2022 and $134.9 million in 2023, consistent with its annual budget of $100 million. The report also outlined new conflict of interest policies for researchers and developers. The foundation plans to focus on Ethereum's Layer 1 and Layer 2 solutions, zero-knowledge cryptography, developer tools, community development, new institutions, and internal operations in the year ahead. Additionally, the report mentioned that verified projects within the Ethereum ecosystem have $22.2 billion in reserves.



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