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Ethereum Foundation Sells 300 ETH Amid Market Drop; Calls for Innovation Grow

Coin WorldMonday, Jan 27, 2025 10:22 am ET

1min read

Ethereum Foundation Faces Pressure Amid Market Drops and 100 ETH Sales

The Ethereum Foundation has sold 300 ETH since the beginning of the year, with the latest transaction involving the sale of 100 ETH for $307,893. This sale comes as Ethereum's price has dropped by more than 7% in the past 24 hours amid a broader market decline. Despite holding significant ETH reserves, the Foundation faces pressure to innovate and restructure, with calls for changes growing louder. The Foundation has announced plans to allocate 50,000 ETH to support its decentralized finance ecosystem, while Ethereum co-founder Vitalik Buterin has promised reforms to increase transparency and better support developers.

Layer 2 Leaders Push for Rollup Innovations to Unite Ethereum

Major players in Ethereum Layer 2 solutions and the meme coin ecosystem are making calculated moves. Executives from leading Ethereum Layer 2 networks, including Base and Optimism, outlined plans to improve Ethereum's security and unification through "based" and "native" rollups. Meanwhile, a prominent Ethereum-based whale, "marketparticipant.eth," executed a $4.9 million PEPE token sell-off, marking the culmination of a carefully planned 10-month accumulation strategy.

Ethereum Layer 2s Unite: Executives Champion "Based" and "Native" Rollups for Enhanced Security and Decentralization

Executives from leading Ethereum Layer 2 networks are rallying behind a shared vision to unify Ethereum by implementing "based" and "native" rollups. The proposed rollups aim to bolster security and reduce fragmentation, marking a significant shift in Ethereum's approach to scaling and decentralization. Based rollups, introduced by Ethereum core developer Justin Drake in March 2023, propose returning transaction sequencing to Ethereum's base layer, enhancing network security and reducing reliance on centralized entities. Native rollups focus on optimizing how transactions are executed on the base layer, enhancing composability across the Ethereum ecosystem. The transition to based and native rollups would require Layer 2 networks to forgo a significant portion of the revenue they currently generate through centralized sequencers, but executives argue that the long-term benefits of decentralization outweigh the short-term financial impact.

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