Hold on to your hats, crypto enthusiasts! The Ethereum ecosystem's treasuries are brimming in 2024, boasting a whopping $22.2 billion! Leading the pack are big names like Optimism, Uniswap, and Mantle. It's a financial fiesta!
The Ethereum Foundation is sitting pretty with a treasury of $970.2 million. That's a treasure chest packed with $788.7 million in crypto and $181.5 million in other nifty investments. And guess what? A staggering 99.45% of the foundation’s crypto stash is in ETH. Talk about loyalty! This move is a nod to their unwavering faith in Ethereum’s potential, the second-largest blockchain around.
So, what’s the game plan for this hefty treasury? The Ethereum Foundation is all about funding essential public goods for the Ethereum ecosystem. They’ve got a savvy strategy to guard their riches, even during crypto's mood swings. This means cashing in on ETH when needed and bulking up their fiat during those glorious bull runs, just to keep things smooth when the bears come knocking.
The Ethereum ecosystem is rolling in dough with $22.2 billion in treasuries from foundations, organizations, and DAOs in 2024. Optimism is the big cheese with $3.5 billion, or 15.8% of the pie. Uniswap is hot on their heels with $3.1 billion, and Mantle is no slouch with $2.5 billion. Arbitrum, Gnosis, and ENS are also making waves with their sizable shares.
In the Ethereum community, notable players like The Graph, Safe, Sky, SuperVerse, and Lido are holding their own. Even the underdogs like Aave, dYdX, Research Hub, and Stargate Finance are making their presence felt.
As the Ethereum Foundation puts it, “Our ecosystem has never been stronger.” Funding flowed like a river during 2022-2023, with a total of $457 million deployed. The Ethereum Foundation led the charge, contributing a hefty $240.3 million. Sky, formerly MakerDAO, and Optimism also made significant contributions.
Other key players like Gitcoin, Decentraland, and Aragon chipped in, along with Uniswap, Starknet, MetaMask, and Protocol Guild. It's a community effort, folks, with everyone pitching in to keep Ethereum's future bright. So, keep your eyes on Ethereum; it's not just a blockchain, it's a movement!
