Ethereum continues to lead the blockchain industry in fee earnings, surpassing Tron and Bitcoin even after the Dencun upgrade.
Ethereum's Resilience Amid Dencun Upgrade
Despite the Dencun upgrade aimed at reducing transaction costs on Layer 2 networks, Ethereum earned $2.48 billion in fees in 2024. This marked the highest quarterly earnings in two years, driven by increased on-chain activity and airdrop programs.
Challenges in Ethereum Foundation's Leadership
The Ethereum Foundation faces scrutiny regarding its management. Recently, Ethereum founder Vitalik Buterin announced leadership changes within the foundation, which led to debates in the community with the emergence of the 'Second Foundation'.
Growing Concerns Over Ethereum Foundation’s Governance
Governance issues within the EF are fueled by a lack of transparency regarding fund allocation. Despite criticism, some experts acknowledge that the foundation meets its primary goals, albeit through controversial decisions.
Despite management challenges in the Ethereum Foundation, the Ethereum network continues to show resilience and growth, keeping its leading position in the blockchain industry.
