Ethereum

Breaking: Open USD will launch on Ethereum on day one. Over 140 businesses, including Visa, Mastercard, Stripe, BlackRock and BNY. All reserve earnings flow to the partners that grow it. A shared asset needs neutral ground. We're excited to be working with Open Standard on their Ethereum journey.

Over the past weeks we’ve been publicly introducing Ethereum Institutional as an independent entity dedicated to accelerating institutional adoption of Ethereum and its broader ecosystem. Today, we’re excited to share the next step: the close of our initial ecosystem funding round and supporter coalition, with broad participation and support from individuals and entities focused on driving institutional adoption of Ethereum. Our ecosystem funding round is anchored by BitMine Immersion Technologies, Sharplink, Ethereum co‑founders Joseph Lubin, and Mihai Alisie, alongside a larger group of individuals and crypto‑native institutions. We’re backed by 100+ ecosystem participants who have come together around Ethereum Institutional and our mission to accelerate institutional adoption of Ethereum, each contributing capital, time, expertise, and/or amplification to help drive this work forward. This support gives us the mandate and runway to push harder: turning years of institutional engagement into a sustained, global effort to bring tokenization, stablecoins, and market infrastructure onchain on Ethereum and its ecosystem. We’re now ramping up our efforts. In the months ahead, we will: → Accelerate direct engagement with banks, asset managers, custodians, market infrastructures, fintechs, and sovereign institutions evaluating Ethereum. → Advance concrete workstreams around tokenization, stablecoins, market infrastructure,, and on‑chain settlement on Ethereum and its L2s. → Scale our core focus areas: institutional education, market intelligence, ETH & ecosystem marketing, industry discovery & requirements, and high‑signal institutional convenings. Thank you to everyone across the ecosystem who is helping drive institutional adoption of Ethereum and bring more real‑world assets and market infrastructure on‑chain.

𝗡𝗲𝘄 𝗿𝗲𝗽𝗼𝗿𝘁 𝗺𝗮𝗽𝘀 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺'𝘀 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘄𝗶𝘁𝗵 𝗻𝗲𝘄 𝗽𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻 📃 An updated assessment from the Cambridge Centre for Alternative Finance at Cambridge Judge Business School re-evaluates Ethereum's environmental footprint years after its Proof-of-Stake transition – establishing the network's annual electricity consumption at 7.87 GWh and emissions at 2.37 ktCO₂e, with sustainable energy sources comprising 56.4% of the electricity mix. When Ethereum transitioned from Proof‑of‑Work to Proof‑of‑Stake in September 2022, its electricity demand fell by more than 99.9% - a reduction we documented at the time and which is now well established. But the network has not stood still. Since the Merge, major protocol upgrades have changed how nodes handle data and how validators are organised. These developments warrant a fresh, evidence‑based assessment. Today, we’re pleased to launch the report, ‘𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗮𝗳𝘁𝗲𝗿 𝘁𝗵𝗲 𝗠𝗲𝗿𝗴𝗲 – 𝗔 𝗖𝗵𝗮𝗻𝗴𝗲 𝗶𝗻 𝗣𝗼𝘄𝗲𝗿’. Built on direct wall‑plug measurements across 20 client configurations, the study provides a more granular and up‑to‑date picture of Ethereum’s energy use and climate impact. 𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀: 🔹 Electricity: ~7.87 GWh per year (~0.90 MW continuous) — less than the annual consumption of major landmarks such as the British Museum 🔹 Emissions: ~2.37 ktCO₂e per year — around 99.98% below pre‑Merge levels, comparable to ~900 UK homes 🔹 Infrastructure: ~8,522 full nodes underpin the network, averaging ~105W each — roughly equivalent to a laptop; nodes, not validators, drive electricity use 🔹 Hosting: ~64% in cloud/data centres, 36% residential; largest providers include Hetzner, AWS, and OVH 🔹 Geography: Distributed but concentrated — the US (31%), Germany (16%), Finland (8%), and France (6%) host ~62% of nodes 🔹 Electricity mix: ~56.4% from sustainable sources — notably above the global average (~43%) As electricity is no longer the primary cost of network security, Ethereum’s environmental footprint is increasingly shaped by the carbon intensity of the grids powering its nodes, and those grids continue to decarbonise. We are grateful to the Ethereum Foundation for supporting this research, and to collaborators and reviewers across the ecosystem whose contributions strengthened the analysis. 📊 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁: https://lnkd.in/eifF6Bu4 🔎 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗹𝗶𝘃𝗲 𝗱𝗮𝘁𝗮: https://lnkd.in/eN7253QT 💡 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻 𝗼𝘂𝗿 𝗻𝗲𝘄𝘀 𝘀𝘁𝗼𝗿𝘆: https://lnkd.in/ePJWkfYA Alexander Neumueller Bryan Zhang Hunter Sims Hugo Coelho Wenbin W. Keith Bear Douglas Arner Roman P. #Ethereum #Blockchain #Energy #Sustainability #Climate #DigitalAssets

Announcing Ethereum Institutional: an independent non-profit dedicated to accelerating institutional adoption of Ethereum and its broader ecosystem. Choosing Ethereum isn’t a single decision. It unfolds through a long run of technical and commercial decisions, and throughout that process, institutions need a credible counterpart who can help them navigate the ecosystem and brief leadership with clear, unbiased answers. What’s needed to support this process is a credible, independent front door: one that represents the full Ethereum ecosystem, without bias, and that institutions can engage with directly. Ethereum Institutional is being established to fill that gap. The timing is not coincidental. Institutions are making long-term infrastructure decisions today. These are foundational platform choices with enduring network effects. Ethereum needs a dedicated, neutral team in the room to make the case for Ethereum and the ecosystem built on it in a way institutions can trust. Ethereum Institutional’s founding team built the Ethereum Foundation's Enterprise function from scratch, engaging hundreds of institutions across banks, asset managers, custodians, and market infrastructures and helped them move from exploration to real deployments. Ethereum Institutional scales that work, independently, with long-term funding. We center on five focus areas from day one: → Institutional Engagement: structured education, briefings, and hands‑on support for decision‑makers. → Institutional Intelligence: research on institutional needs, deployments, and market structure. → Ethereum Ecosystem & ETH Marketing: telling the story of Ethereum as a settlement layer and highlighting concrete ecosystem wins. → Industry Discovery & Requirements: gathering, prioritizing, and feeding institutional requirements back into the ecosystem. → Events: convening institutions and ecosystem teams around shared standards and real use cases. Today we launch with the support of Bitmine, Sharplink and Joseph Lubin as our anchor funders, and with a broad individual and institutional contributors that we will share soon. The world's largest institutions are deciding where tokenization, stablecoins, and on-chain markets will settle. We're ready to make Ethereum the base layer for institutional finance.

Here are 25 things the Ethereum ecosystem launched, upgraded, and announced over the past month. 0/ The DAO Fund Ethereum Security Quadratic Funding Round with Giveth wrapped, supporting 134 security projects with 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. 3/ SEAL 911 and Wonderland introduced DARC, a Digital Asset Risk & Compliance standard for crypto teams. 4/ Arbitrum announced that LG Electronics' blockchain team is piloting an onchain advertising network on Arbitrum. 5/ Base by Coinbase activated Azul, its first standalone network upgrade. 6/ Mastercard expanded stablecoin settlement support to include USDC, PYUSD, USDG, USDP, and SoFiUSD on Ethereum mainnet, Arbitrum, and Base. 7/ Devcon 8 Mumbai early bird tickets went live. 8/ Türkiye's Directorate of Communications registered cbiletisim.eth, making its first step in establishing an official onchain identity with ENS. 9/ Cash App 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/ The Tor Project and Funding the Commons launched a web3-native crowdfunding initiative supporting 10 internet freedom projects. 11/ J.P. Morgan launched a second tokenized money market fund on Ethereum. 11/ LIFI 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. 13/ PSE launched a private transfers dashboard comparing 11 protocols. 14/ Veil Cash, Inc. 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/ END ecosystem builders launched ENS8004, a web app that converts an ENS name into an onchain AI agent. 17/ Octant Labs introduced properQF in Epoch 12, integrating quadratic funding into the funding round. 18/ Aragon launched onchain profiles. 19/ The Ethereum Community Hub network expanded to Lisbon, hosted at the Gnosis office. 20/ Succinct Labs introduced data confidentiality to OP Succinct, enabling institutions to keep transactions confidential while settling to Ethereum. 21/ Hardhat 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 took place in NYC. 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.

Now is the time to take your place at Devcon 8 India. The Devcon Supporters Program gives teams across the ecosystem an opportunity to contribute to the event and become part of the experience in Mumbai. Supporters help create the booths, meeting spaces, community areas, and shared environments where builders, researchers, founders, protocol teams, public goods contributors, and open-source communities come together. It is more than sponsorship. It is an invitation to participate in the gathering and help create the conditions for new ideas, connections, and collaborations to take shape. Early Bird Supporter pricing ends today. Apply to receive the Supporters deck and explore available booth opportunities: https://lnkd.in/g8-JZa82

Devcon 8 tickets are now live. From November 3 to 6, 2026, the Ethereum ecosystem will come together at Jio World Center in Mumbai, India for four days of programming, workshops, community spaces, discussion, collaboration, and connection. Devcon 8 comes to India at a moment of real momentum, with one of the world’s fastest-growing developer ecosystems and grassroots Ethereum communities growing across universities, meetups, hackathons, contributors, and local projects. Early Bird tickets are available now for $349 USD. This is the first global ticket wave, the lowest global ticket price, available in limited quantity, and payable in ETH only. Additional ticket waves, including General Admission, India Resident tickets, and community discounts, will open in June. Get your Early Bird ticket: devcon.org/tickets

From privacy breakthroughs to AI agents and institutional rails, the Ethereum ecosystem keeps shipping. Here are 22 things the ecosystem delivered over the past few weeks. 0/ Gnosis and partners introduced The Ethereum Economic Zone, a framework to unify the L1 and L2s into a more composable system with better interoperability. 1/ Aztec Alpha went live, a feature-complete privacy stack built natively on Ethereum. 2/ Aave Labs V4 was released with a new hub-and-spoke architecture with support for over 20 assets across three initial liquidity hubs. 3/ PSE released Social Recovery SDK, a wallet recovery model where trusted guardians can help restore access if the owner loses their private key. 4/ Post-quantum wallets launched on Starknet Foundation. A path to quantum resistance without address changes or hard forks. 5/ The Ethereum Foundation's Board released the EF Mandate. This document, which was first intended for EF members, reaffirms the promise of Ethereum, and the role of EF within this ecosystem. 6/ Private transfers are live on Scroll. You can now send funds privately onchain, advancing default user protections and confidentiality. 7/ Base introduced Batches Cohort 003 with 12 teams selected from 1,100+ building. 8/ Ethereum Foundation launched pq.ethereum (dot) org. Supporting coordination and research in post-quantum cryptography. 9/ Stablecoins on Ethereum hit a new ATH. Supply surpasses $180B, up 150% in 3 years, with ~60% market share globally. 10/ Morpho launched Morpho Agents (beta), allowing users to integrate lending into apps via natural language using AI agents. 11/ The DAO Fund deployed $1M+ via an Ethereum Security quadratic funding round hosted by Giveth. 12/ Deposit time from L1 to L2s and exchanges can now be as low as 13 seconds due to the new Fast Confirmation Rule (FCR). 13/ hinkal launched Hinkal Pay, end-to-end confidential payments where sender, receiver, and amounts remain private. 14/ peer (dot) xyz launched Peer Verify, allowing users to prove their identity, in a privacy-preserving way via ZK proofs. 15/ ENS integrated with PayPal, allowing users to send funds cross-border using ENS names instead of addresses. 16/ Venice.ai shipped verifiable end-to-end encrypted AI, introducing privacy systems that can be externally audited and proven. 17/ Safe released Safenet (beta), a pre-execution security layer for Safe wallets that runs before transactions execute onchain. 18/ Silo Finance launched Silo V3 for safer lending markets in DeFi. 19/ Coinbase announced x402 is moving under the Linux Foundation to ensure vendor-neutral, community-governed oversight of the protocol. 20/ ZKsync introduced The Cari Network, a new platform to bring tokenized deposits onchain, developed alongside five regional banks, powered by ZKsync’s Prividium. 21/ EthCC completed their 9th annual event in Cannes with attendees from across the industry. ETHGlobal hit a milestone with their 300th event following ETHCC.

From private payments to tokenized funds and AI standards, Ethereum builders kept shipping. Here are 25 things the ecosystem delivered this month. 0/ Payy announced Payy Network, a privacy-first Ethereum enabled EVM L2. It features default private token transfers and a cheaper way to build privacy-preserving apps, strengthening Ethereum’s privacy ecosystem. 1/ Robinhood launched the public testnet for Robinhood Chain, an Ethereum L2 powered by Arbitrum. 2/ The Ethereum Foundation Protocol Cluster published its 2026 priorities: Scale, Improve UX, and Harden the L1. 3/ L2BEAT launched L2BEAT Interop, a dashboard tracking cross-chain connectivity, value, and highlighting interoperability risks. 4/ Justin Drake introduced Strawmap, a roadmap of proposed L1 protocol upgrades. It's a technical resource for participants in Ethereum governance. 5/ Starknet Foundation integrated Nightfall, bringing confidential institutional DeFi to the Starknet stack. 6/ hinkal enabled private ETH and stablecoin payments on Arbitrum, demonstrating how private transactions are expanding across Ethereum L2s. 7/ Startale Group introduced JPYSC, the first trust bank–backed JPY stablecoin. 8/ The One Trillion Dollar Security Dashboard was released by the Ethereum Foundation. It is a comprehensive view of Ethereum’s security across the ecosystem. 9/ Builders Garden introduced Sign In With Agent (SIWA), a trustless identity standard for AI agents. 10/ Blockscout 🔭 launched a Tor-native onion service: a privacy-first way to observe and verify Ethereum state. 11/ MetaLeX Labs launched cyberSign, letting users sign any legal agreement with Ethereum / Base. 12/ Rocket Pool activated Saturn One, introducing 4 ETH megapool validators. Improved capital efficiency strengthens Ethereum’s decentralized staking layer. 13/ BNP Paribas launched a euro-denominated money market fund on Ethereum. 14/ Tokenized RWAs on Ethereum mainnet surpassed $15B in market cap. 15/ Aave Labs crossed $1 trillion in all-time loans. 16/ Ondo Finance tokenized stocks (SPYon, QQQon) went live as DeFi collateral on Morpho. 17/ Euler Finance enabled tokenized equities as collateral, built with Ondo Finance. Sentora, and Chainlink Labs. 18/ Uniswap Labs integrated with Securitize to make BlackRock’s BUIDL fund tradable via UniswapX. 19/ Linea sustained 100+ mGas/s throughput, peaking at 218 mGas/s, showing how rollups are scaling Ethereum in practice. 20/ Starknet Foundation released Starkzap, an open-source SDK that turns apps into onchain consumer apps. 21/ Base announced Finance YCombinator startups can now get funded in USDC on Base. 22/ Optimism Foundation shipped Upgrade 18 setting the foundation for a more performant, customizable, and operationally efficient OP Stack. 23/ ether.fi released its iOS app. Native mobile access lowers the barrier to staking and DeFi participation. 24/ The next Ethereum Community Hub is launching in Rome, hosted by urbeEth.

Ethereum continues to be foundational infrastructure for AI, governments, institutions, global financial systems, and more. Here are 28 things the Ethereum ecosystem shipped this month. 0/ Fidelity Investments announced the launch of FIDD, a USD stablecoin built on Ethereum and issued by Fidelity Digital Assets, reinforcing Ethereum’s role as institutional-grade settlement infrastructure. 1/ ERC-8004, a new standard for AI agents, went live on Ethereum. There have been over 24,000 agents registered, 80+ agent services verified, and 685+ feedback exchanged. 2/ The Ethereum Foundation formed a new Post-Quantum (PQ) research team, marking an important inflection point in Ethereum’s long-term cryptographic strategy and resilience against future quantum threats. 3/ Morgan Stanley proposed a spot Ethereum ETF, expanding regulated institutional exposure to ETH. 4/ An Ethereum Community Hub launched in Hong Kong. 5/ TheDAO Security Fund launched and will activate more than 75,000 ETH to strengthen Ethereum’s security. 6/ The Ethereum L1 reached a new all-time high in transaction activity. 7/ The second Blob-Parameter-Only fork went live on Ethereum mainnet as part of the Fusaka upgrade path. 8/ Ondo Finance expanded Ondo Global Markets with 98 new tokenized stocks and ETFs on Ethereum. 9/ Aave Labs integrated with Balance, enabling institutional clients to earn yield on assets held in offline or warm storage. 10/ Fileverse launched Offline Mode v2, enabling document creation, access, and recovery without an internet connection. 11/ World launched a redesigned World App. 12/ Arbitrum activated the ArbOS Dia upgrade, adding Fusaka EIP support and improving performance and user experience. 13/ Optimism Foundation introduced OP Enterprise, offering production-grade, managed blockchain infrastructure with enterprise guarantees. 14/ Mantle upgraded to Ethereum blobs as its primary data availability layer. 15/ Polygon Labs surpassed $1B in daily USDC P2P payments. 16/ Lighter launched Lighter EVM, an EVM-equivalent rollup. 17/ Uncap Finance announced the launch of a WBTC yield vault on Ethereum mainnet. 18/ Lido Finance launched Lido V3 on Ethereum mainnet. 19/ Allora Labs launched on Base, enabling predictive AI signals for risk-aware lending, adaptive liquidity, and agent-driven trading. 20/ ENS Domains data is now live on Google Cloud BigQuery, enabling large-scale ENS analytics using simple SQL. 21/ Phylax Systems went live on Linea, integrating its Credible Layer directly into the sequencer to prevent exploits before execution. 22/ BitGo became accessible via Ondo Finance Global Markets 23/ MetaLeX Labs v2 launched, expanding from DAO legal infrastructure to an onchain corporate finance stack for real-world startups. 24/ Lighter enabled 24/5 equity perpetuals. 25/ Zapper™ launched a redesigned mobile app. 26/ Cork Protocol launched Cork Phoenix on Ethereum mainnet. 27/ Jumper Exchange launched Jumper Earn and Jumper Portfolio.