The Ethereum Foundation (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives.
The report highlighted the organization’s budget breakdown, spending from recent years, and new policies designed to foster transparency and integrity across the Ethereum ecosystem.
Treasury holding
As of Oct. 31, 2024, the EF’s treasury totaled approximately $970.2 million, comprising $788.7 million in crypto—primarily ETH—and $181.5 million in non-crypto investments.
EF’s said its ETH holdings represent around 0.26% of Ethereum’s total supply as of Oct. 31. These substantial ETH reserves reflect the Foundation’s confidence in Ethereum’s long-term potential and its commitment to maintaining a strong presence within the network.
The EF clarified that its treasury serves as a financial backbone for essential projects within the Ethereum ecosystem. The Foundation periodically converts a portion of its ETH holdings to fiat currency, especially during market upswings, to ensure adequate resources during market downturns.
Ecosystem treasury
Beyond EF’s holdings, Ethereum’s ecosystem benefits from over $22 billion in combined treasury assets held by various foundations, organizations, and DAOs.
The treasuries primarily comprise the native tokens of crypto projects like dYdX, Aave, Polygon, The Graph, Optimism, Uniswap, Mantle, Arbitrum, Lido, Gnosis, and the Ethereum Name Service.
The report emphasizes that even a small allocation from these treasuries would provide significant resources to sustain and grow the Ethereum ecosystem over the long term.
Ecosystem funding
The Ethereum Foundation and ecosystem partners allocated nearly $500 million to ecosystem projects across 2022 and 2023.
EF contributed $240.3 million (48.3% of total…
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