After financing hundreds of projects with millions of dollars, the Ethereum Foundation is temporarily stopping the request for granting of the Ecosystem Support Program (ESP) to forward a more proactive financing model that is better aligned with the strategic needs of the ecosystem.
The transition occurs when the Foundation faces challenges by reviewing the high volume of incoming applications, which he has left “limited capacity to seek new strategic opportunities.”
On a Friday BlogThe Ethereum Foundation emphasized that the ESP will continue to financing new projects, but under a refined approach for the creation of subsidies. More details are expected in the fourth quarter, including a cured methodology that describes the specific priorities of the ecosystem.
In 2024, ESP granted almost $ 3 million in 105 projects and initiatives, supporting areas such as developer, data and analysis, research and education tools. Only in the first quarter of 2025, the Ethereum Foundation distributed $ 32.6 million in total subsidies.
As a non -profit organization established in 2014 by the co -founders of Ethereum, the Ethereum Foundation has historically played a key role in providing funds, coordination and long -term vision for the development of the block chain, including the main network updates.
In June, the Foundation introduced a more transparent treasure policy that details operating costs and cash requirements. As part of the commitment, he promised to publish quarterly and annual disseminations of his assets, investments and any significant development.
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The evolution priorities of the Ethereum Foundation
As the second largest block chain in the world, Ethereum has a strong support of institutional investors and developers, but faces a growing competition of faster and lower cost such as Solana, Avalanche and BNB Smart Chain, which are marketed as more scalable and easy -to -use platforms.
As such, Ethereum is heading towards a renewed approach to the layer of layer 1, reducing the costs of the network and improving the general experience of the user.
These priorities stood out in a separate base. Blog On Friday, which described interoperability as “the opportunity with the greatest leverage within the broader UX domain during the next 6-12 months.”
Interoperability has become a central focus given the rapid proliferation of layer 2 protocols. While these solutions extend Ethereum’s functionality, they also introduce new challenges, particularly fragmentation, said the foundation.
Earlier this year, the Foundation also launched a $ 1 billion security initiative, a broad strategy designed to strengthen Ethereum’s resistance and position the network for a broader and non -crystal hearing.
Ethereum has already ventured into financial institutions, with the CEO of Vaneck, Jan Vaneck, calling Ethher (Eth) the “Wall Street token”. In Stablecoins, he argued that the winning block chain will be the one that attracts most builders: “It will be Ethereum, or something that uses the Ethereum methodology.”
Related: Ethereum must limit transparency for a fairer block chain
