According to Odaily, the Ethereum Foundation (EF) has published its 2024 report, detailing significant financial activities and investments over recent years. In 2022, the foundation's expenditures amounted to $105.4 million, which increased to $134.9 million in 2023. The primary areas of investment included Layer 1 research and development (30.4%), community development (18.5%), and internal operations (36.2%). Notably, in 2023, the highest proportion of investments was directed towards new institutions, accounting for 35.2% of the total, amounting to $474 million.
As of October 31, 2024, the Ethereum Foundation's financial reserves are approximately $970.2 million. Of this, 81.3% or $788.7 million is held in crypto assets, predominantly in ETH, which represents 0.26% of the total ETH supply. The foundation supports various projects such as Argot Collective, Geodework, L2BEAT, and 0xPARC, which focus on the development of Ethereum's core infrastructure, decentralization, Layer 2 scaling solutions, and advancements in programmatic cryptography.
Additionally, the Ethereum Foundation's Ecosystem Support Program (ESP) regularly reports on funding activities. Between 2022 and 2023, a total of $497 million was deployed within the Ethereum ecosystem, with the foundation contributing the largest share of $240.3 million. These efforts underscore the foundation's commitment to fostering growth and innovation within the Ethereum network.
Kikyo
