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The Ethereum Foundation (EF) has announced that it deployed nearly $500 million to support ecosystem projects in 2022 and 2023. This substantial financial commitment underscores EF’s role in fostering the growth and sustainability of the Ethereum network by funding key initiatives and projects within the ecosystem.

According to the report, EF's Ecosystem Support Program (ESP) led the distribution of grants across various domains. 

“Our grants cover a wide range of activities, including research, infrastructure development, security, and community building,” the foundation stated. This funding was aimed at ensuring Ethereum’s technological and community infrastructure remains robust as it scales.

The grants allocated by the Ethereum Foundation supported several independent organizations working to enhance Ethereum's resilience and capacity. 

Notable beneficiaries included the Nomic Foundation, which focuses on developer experience; 0xPARC, working on cryptographic research; and L2BEAT, which provides analytics for Ethereum's layer 2 projects. The foundation stated, "We are proud to work alongside these organizations, contributing significantly to the Ethereum ecosystem’s strength and security."

For 2024, the Ethereum Foundation maintains a strong financial position, with a treasury of approximately $970.2 million, mostly held in ETH. 

“Our treasury strategy is to fund critical public goods for Ethereum's future, allowing us to operate sustainably even in challenging market conditions,” the report emphasized. This strategy aims to balance long-term financial health while funding ongoing projects essential to Ethereum’s future.