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Ethereum Foundation cuts budget by 40% amid EthLabs launch, signaling a new decentralized era for Ethereum.

Market News
24 Jun 2026
Tokenpost
View Source
Neutral
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The Ethereum Foundation announced a nearly 40% budget cut and laid off about 20% of its staff, coinciding with the launch of EthLabs, a new Ethereum-focused research group supported by key ecosystem players. This move has sparked debate about Ethereum's future, with some viewing it as a sign of financial strain, while others see it as a strategic shift toward decentralization and efficiency. Industry leaders, including supporters and even competitors, praise the restructuring as a step toward a more resilient and institutionally mature Ethereum ecosystem. The launch of EthLabs reflects a broader trend of distributing research and innovation across multiple independent organizations, aiming to strengthen Ethereum's long-term sustainability and adaptability.

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