Ethereum Foundation Releases 2024 Report Highlighting Financial Investments

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.