#EthereumSecurityInitiative The Ethereum Foundation has launched a security initiative aimed at driving widespread adoption of on-chain technologies, according to an announcement on May 14. This initiative is part of a continuous effort to strengthen Ethereum's role in programmable digital assets.

Fredrik Svantes, research lead in protocol security, and Josh Stark, from the Ethereum Foundation's management team, will be the initial co-chairs of the initiative. Three contributors from the Ethereum ecosystem —samczsun, Medhi Zerouali, and Zach Obront— will guide the project.

The effort, called the Trillion Dollar Security Initiative, aims to analyze, improve, and communicate to Ethereum developers areas where security can be enhanced, including user experience, wallet security, smart contract security, and infrastructure.

According to DefiLlama, Ethereum remains the leading ecosystem in decentralized finance (DeFi), having maintained between 50% and 60% of the total value locked across all blockchains since May 2022. The TVL of the network was nearly 80 billion dollars as of May 14.