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Ethereum Foundation cuts budget 40% to focus on sustainable, long-term development.

Protocol Fundamentals
23 Jun 2026
Crypto Briefing
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Neutral
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Ethereum cofounder Vitalik Buterin announced the Ethereum Foundation is reducing its budget by about 40% to transition into a smaller, more sustainable organization. This shift aims to lower annual spending from 15% to around 5% of funds by 2030, resulting in job cuts and a reorganization of development priorities. The foundation will focus on specialized client development, integrate privacy and scaling tech directly into Ethereum, and scale down external projects and events like Devcon. Despite cuts, Ethereum's core protocol ambitions remain high with a major roadmap overhaul planned, emphasizing security and efficiency akin to Bitcoin's model in the long term.

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