EthCC[9] just ended and now everyone has their take on the current state of our ecosystem, where its values live and where we’re heading.
Yes, this year attendance was a bit lower than last year.
However, one important thing I noticed is that participation at stages was similar to and sometimes better (!) than previous years.
The core heart of our community, people who want to learn new Ethereum nerdy stuff, was vibrant and present.
I was surprised by the number of new young faces at the conf. Let me highlight some of them 👇
First, this talk. https://t.co/UULvN4DL88, at Burton Stage.
Two young buddies talking about post-quantum Ethereum. One of them was shaking like crazy because he was nervous. At some point I thought something bad was going to happen. Talking in public on a specific topic is super hard but you crushed it, guys!
I hope you’ll be there next year to present your progress! Looking forward to it!
Then, the @KRYPTOSPHERE_ team, who took over the wonderful Chaplin Stage for a memorable pitchathon.
They had a dozen teams presenting in a student-oriented format. A non-profit association, a group of Ethereum and beyond believers.
I’m also thinking about that young guy eating his first pizza at our @Ethereum_France side event who was genuinely happy to meet new people in an easily accessible place. I love seeing how small real connections make an impact.
EthCC is for everyone looking for a greater, uncensorable network. The youngest generation is on the front line.
Soon all the videos will be fully available on our website, ready for you to discover young and older speakers alike!
On my side, it’s time to touch grass while listening to them in a peaceful (not infinite yet) garden.
Going on holidays, see you soon, frens!
🚨 New EIP: Tapered Issuance Burn
We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply.
EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
🔐 Jeudi prochain, on se retrouve pour un meet-up dédié à la sécurité opérationnelle sur Ethereum !
La majorité des pertes de fonds ne viennent pas de failles dans le code, mais d'erreurs opérationnelles : clé mal stockée, signature approuvée à l'aveugle, validation insuffisante...
La vraie question n'est plus seulement « le code est-il sûr ? », mais « nos pratiques le sont-elles ? »
Gestion des clés et des accès, arbitrages entre hardware wallets, multisig, réduction de la surface d'attaque : on échange sur des pratiques concrètes avec @BTChip, @theSouilos et Rémi d'Alise !
Rendez-vous au Bar Le Truskel 👇
https://t.co/ZD7VLNOEuY
Ethereum is for shipping.
Here are 25 things the Ethereum ecosystem launched, upgraded, and announced over the past month.
0/ @thedaofund Ethereum Security Quadratic Funding Round with @Giveth wrapped. The fund supported 134 security projects and had 3,934 unique donors.
1/ @Ronin_Network, one of the largest gaming blockchains, completed its migration to an Ethereum L2.
2/ Clear Signing went live. It is an open standard designed to help end blind signing and make transaction data human-readable before signing. Contributors include wallets and hardware, infrastructure, tooling, individual builders, and the Ethereum Foundation’s Trillion Dollar Security initiative, with the @ethereumfndn acting as a neutral steward.
3/ @SEAL_911 and @Wonderland_Fi introduced DARC, a Digital Asset Risk & Compliance standard for crypto teams, with continuous monitoring across GitHub, infrastructure, multisigs, DNS, and more.
4/ @arbitrum announced that LG Electronics' blockchain team is piloting an onchain advertising network on Arbitrum.
5/ @base activated Azul, its first standalone network upgrade, introducing multiproofs, new execution and consensus clients, CLZ opcode support, Osaka repricings, and performance upgrades up to 5,000 TPS.
6/ @Mastercard expanded stablecoin settlement support to include USDC, PYUSD, USDG, USDP, and SoFiUSD on Ethereum mainnet, @arbitrum, and @base.
7/ @EFDevcon 8 Mumbai early bird tickets went live. Tickets were available paid in ETH.
8/ Türkiye's Directorate of Communications (@Communications) registered cbiletisim.eth, making its first step in establishing an official onchain identity with @ensdomains.
9/ @CashApp launched stablecoin support, allowing nearly 60 million users to send and receive USDC with no wallet setup required, live on Ethereum mainnet and @Arbitrum.
10/ @torproject and @FundingCommons launched a web3-native crowdfunding initiative supporting 10 internet freedom projects.
11/ @JPMorgan launched a second tokenized money market fund on Ethereum.
11/ @lifiprotocol launched LIFI Intents, a full-stack intent execution engine built on the Open Intents Framework, an initiative for standardizing crosschain intents.
12/ @l2beat launched Token Frameworks, a dedicated place to explore interoperability solutions, token movement, volume, speed, chains, and framework adoption.
13/ @PrivacyEthereum launched a private transfers dashboard comparing 11 protocols across privacy, cost, UX, decentralization, compliance, verifiability, state, and composability.
14/ @Veildotcash launched Veil MCP 0.2.0, enabling agents to make private x402 payments on @base.
15/ @src_co_ introduced SLOW, reversible, self-custodial crypto payments on Ethereum.
16/ @ensdomains ecosystem builders launched ENS8004, a web app that converts an ENS name into an onchain AI agent other applications can find and verify.
17/ @OctantApp introduced properQF in Epoch 12, integrating quadratic funding into the funding round.
18/ @AragonProject launched onchain profiles, making governance participants readable across forums by resolving ENS names, avatars, bios, websites, and social links from Ethereum mainnet.
19/ The Ethereum Community Hub network expanded to Lisbon, hosted at the @gnosisDAO office.
20/ @SuccinctLabs introduced data confidentiality to OP Succinct, enabling institutions to keep transactions confidential while settling to Ethereum.
21/ @HardhatHQ 3 became stable, bringing Solidity tests, multichain support, a Rust-powered runtime, a revamped build system, and Hardhat Ignition for deployments.
22/ The inaugural @ethconf, in NYC, brought together thousands of founders, industry leaders, and builders to discuss building on top of Ethereum.
23/ @EthPrague brought Ethereum builders together in Prague to discuss protocol development, privacy, culture, and long- term societal impact.
24/ @ETHGlobal introduced a new format where, for the first time at an ETHGlobal hackathon, projects do not have to begin from zero.
The curation and yield space is currently stuck between two extremes.
On one side, you have teams focusing white-label infrastructure solutions. To these, I just want to say that you have my highest esteem, we went with our own in-house solution and there are several obstacles to clear, I can imagine this is even more true when you try to design a one-fit-all solution.
On the other, you have curation teams, mostly chasing short-term outcomes driven by incentives, subsidies, and whatever campaign is paying the most this month at size.
None, to my knowledge, is actually trying to leverage AI to make potentially-profitable-but-hard-to-execute-on-scale-and-over-time, or to optimize yields and allocations or to timely react to the market.
This is despite the largest lending protocol in DeFi having done this for two years, in production with tens of billions of TVL and a single (small) incident recorded (a human-led one).
Everybody is worried about how many hacks Mythos release will lead to, but nobody:
- focuses on the fact that 90%+ of the hacks of this year were private key leaks or ops compromises;
- think about the opportunities it will unlock instead.
I can only credit @Marczeller on being on spot about both points.
The unlock is using AI to upgrade the way strategies are monitored and operated, and how risk is managed (potentially discovery too, but we are still far from it and I don't think Mythos will change anything).
Why nobody is doing this?
There are so many reasons...
- some people prefer to work on other crypto x ai usecases
- some people think you need to burn $50k a month in tokens to build something valuable
- some people (mostly overlapping with group two) never did DeFi in their life, so they have no idea where to start when they curate, aside from fintech incentives. However, this is not "curation" this is being a middleman curating money distribution for some stablecoin provider.
I am a DeFi user before being a founder and as AI progresses, I can see that many of the pain points in traditional yield farming can be solved or at least mitigated now already.
A few more months and this will be obvious to a lot more people that will try to catch up.
v0.6 is live, our biggest release since launch!
Since the first release in October 2024, we’ve been actively gathering feedback from vault operators and asset managers running 120+ vaults across 18+ chains to build the best possible product.
This update delivers exactly that: better UX for LPs with the sync redeem feature, deeper security with NAV guardrails, greater manager autonomy, opt-in compliance features, and true strategy modularity. All shaped directly by the teams using Lagoon every day.
Audited by @Nethermind and @trailofbits.
(Claude Opus 4.7 ran a pre-audit too. It approves. 🤖)
Huge thanks to everyone who contributed. Onward 🌊
🌊 Lagoon v0.6 is live.
Our largest release since launch — 11 new capabilities, fully audited, shaped by managers running 120+ vaults across 18+ chains.
Three themes: deeper security, manager autonomy, strategy modularity.
Here's what ships 👇
Well, @johnnyonline_ just built @flexmeow that is a @yearnfi sub DAO which is a new lending primitive that can revolutionize the sector completely onchain
@TokenBrice, together with @0xluude and others are building @polarisfinance_, which intends to introduce a new primitive of ETH, pETH, thatvthey believe will become the engine behind the most decentralized onchain assets issuance protocol ever created
@Marczeller, according to posts by him and @eboadom, is also already working on a new primitive of their own after @acier and @bgdlabs have announced they're departing from the Aave ecosystem (this is my speculation from posts of them I've seen, don't know this for sure), Marc has even also written he enjoyed @EthCC so much this year he will participate in sponsoring the next one
@TokenBrice has also built @PharosWatch as the best stablecoin dashboard ever through which he intends to make sure Polaris indeed will issue the most top rated stablecoins
So actually, I'd say the most capable people have definitely stayed and are full on building new exciting things, and this time the ones using it will be the entities holding basically all of the money in the world rather than a few degens, so we're good thankfully
Vous nous avez manqué !
Ethereum France organise une série de rencontres dans les semaines qui arrivent ! Rejoignez-vous :
👉Ce soir sur Paris pour un apéro décentralisé avec @DeFi_FR et @RedStone_France : https://t.co/y2zpty4mL5
👉Le 8 juin pour un meet-up à Paris avec @BlockchainforG. Nous discuterons "Finance responsable et Tokenisation" avec des acteurs internationaux ! https://t.co/TelmD1sNyA
👉Le 17 juin à Lyon pour un meet-up dédié à la sécurité du Web3. Nous serons invités pour la première fois à Epitech à l'initiative de l'association étudiante @PoCInnovation https://t.co/oqr3aiAH0O
Some of my perspective on where the @ethereumfndn is going.
First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.
The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"
Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.
As an analogy, let's briefly switch over to a different domain.
One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.
My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.
Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.
This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.
Now how does this all get to the role of the EF?
EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.
This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.
And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.
This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)
EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).
At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.
To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.
I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:
* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.
* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.
* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.
Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.
Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.
The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.
EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.
Here we go.
Just grabbed my early bird @EFDevcon ticket 🎟️
Can't wait to go to Mumbai and connect with our fellow Indian Ethereans... See you in November!
https://t.co/c1KHKtHTu7
⚡️ The rails are live!
Proud to power @monarq_mgmt’s WBTC Market Neutral Yield vault, the Nasdaq-listed & AMF-regulated institutional manager with $700M+ AUM, now on Lagoon infrastructure and accessible through @Kiln_finance.
Capturing BTC-denominated yield across lending protocols, fixed-rate DeFi, and tokenized RWAs with dynamic risk management.
Institutional-grade on-chain Bitcoin yield is here. 🚀
Quick recap since the EF Mandate was published in March.
@0xstark and @trent_vanepps left in April.
@TimBeiko and @barnabemonnot are leaving in May. @ralexstokes is on sabbatical.
That is five senior contributors stepping back in 60 days.
Upgrading Finality - Edition 1
Check out the plan for bringing fast finality to Ethereum.
Hosted on the the brand new and shiny EF Protocol Consensus website 😁 Lots of good stuff there!
https://t.co/49edpFXtKb
preview of the ethereum lending dashboard
-aave, spark, morpho, fluid, euler coverage
-vaults, rates, allocations, flows, risks
-history for all the individual positions
-unlimited api access for real-time monitoring
everything is ready, public release next week
This new Ethereum event caught my eye.
ETHis @ethisnetwork, 2nd and 3rd July in Munich.
https://t.co/MkbgEYIBto
The promise is to bring Ethereum to the « Real World » by connecting Ethereum builders, institutions, public sectors and tech industries. The focus is clearly interdisciplinary, trying to connect different backgrounds. And although the main topics covered are trendy (RWA, ZK, DeFi, AI), there's also space for more « niche » ones like DePIN, d/acc, governance and DAOs.
It will be hosted at the Deutsches Museum, an important Science and Technology Museum, alongside Festival der Zukunft, a tech festival.
And they promise a beer garden for open and free discussion.
What's often missing from crypto events is exactly this kind of bridge: across institutions, public sector and academia. Good to see another community building it seriously.
I feel great vibes, and a sense that it's possible to change the world in a better way.
Maybe I'll go there to say « Guten Morgen » to our fellow German frens. Anyone interested to join?