#EthereumSecurityInitiative

Ethereum’s dominance in DeFi and tokenized real-world assets ($6.9 billion, ~58% market share) underscores the need for this initiative. Past hacks, like DeFi rug pulls and bridge exploits, have cost millions, highlighting vulnerabilities. The 1TS initiative builds on prior efforts, like the $2M “Attackathon” hackathon in 2024, which crowdsourced vulnerability detection. It aligns with Ethereum’s recent Pectra upgrade, enhancing staking flexibility and UX, but security remains critical for institutional adoption, especially as whales accumulate ETH and ETF inflows grow.