#EthereumSecurityInitiative Why does Ethereum's security need to improve?Ethereum is not just a blockchain; it is the foundation of a large and growing financial ecosystem. As of mid-May, Ethereum holds nearly $80 billion in total value locked (TVL) in DeFi protocols, accounting for 50-60% of the entire DeFi market, according to DefiLlama. With such a dominant position, Ethereum must not only be reliable — it needs to be trusted on an unprecedented scale.

However, mass adoption creates complex security issues. Issues such as 'blind signing,' where users confirm transactions without understanding them, continue to affect many wallets. Hardware wallets are at risk from supply chain attacks related to firmware. Bugs in smart contracts remain a problem due to the complexity of decentralized applications. Even the broader infrastructure, including cloud services and DNS, carries risks that can impact the entire network.