The Ethereum Foundation sold 4,066 ETH this year, according to ETH creator Vitalik Buterin, who stated that this sale was conducted to cover the foundation’s expenses.
People also question why the foundation itself isn’t staking its ETH. Buterin explains that staking could require the organization to adopt an “official stance” on certain network updates, particularly during contentious hard forks, something he wants to avoid. However, the Ethereum Foundation is exploring other ways to participate in staking. Specifically, the foundation is considering issuing grants in the form of staked ETH, allowing grant recipients to stake the second-largest cryptocurrency by market capitalization, control withdrawal timelines, and receive rewards.
Criticism of both the Ethereum Foundation and ETH itself is growing, with more and more comments suggesting it has no future, and that the future belongs to SOL and others. I think that criticisms comparing Ethereum’s future to SOL and other blockchains likely stem from differences in how these platforms handle governance, fees, and scalability. While these are fair points for debate, Ethereum’s developer community and network effect are still strong, which gives it resilience even in a fast-evolving ecosystem. Each platform has unique strengths, and future competition will likely drive innovations that ultimately benefit the entire crypto space.