Ethereum Foundation Halted Acceptance of Open Grant Applications for Ecosystem Support Program
The Ethereum Foundation has announced a temporary pause in open grant applications, with the aim of redesigning its funding model to better align with the network's growth. This decision comes as the Foundation looks to the future, seeking to adapt and evolve in response to the ever-changing landscape of the blockchain industry.
In 2024, the Ethereum Foundation awarded nearly $3 million in funding to 105 projects, supporting a diverse range of initiatives such as Commit-Boost, BundleBear, Web3Bridge, and the Ethereum Cypherpunk Congress. These projects, and all active grant beneficiaries, will continue to receive support during this transition period.
Vitalik Buterin, co-founder of Ethereum, has reaffirmed the network's impartiality using the FOCIL framework, ensuring that the Foundation remains committed to fostering a decentralised and open ecosystem. The Foundation currently manages over $91 billion in total value locked in decentralized finance, a testament to its significant impact on the blockchain industry.
The stablecoin market cap, another key indicator of the industry's growth, now exceeds $148 billion. This figure underscores the increasing importance of stablecoins in providing a stable and reliable store of value within the cryptocurrency ecosystem.
Details for the new funding model and refined priorities will be shared in the fourth quarter of 2025. In addition, the Ethereum Community Foundation (ECF) is expected to present new priorities and a new model for supporting farmers during the same period. This shift aims to move from a reactive approach to a more proactive one, positioning the Foundation to address emerging needs and opportunities more effectively.
As the Ethereum Foundation navigates this period of change, it remains committed to its mission of supporting the growth and development of the Ethereum ecosystem. The pause in grant applications is a necessary step towards building a more sustainable and effective funding model, one that will continue to drive innovation and progress in the years to come.
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