What analysts are thinking about digital assets.
Infrastructure
Lucas argues the Ethereum Foundation's 20% workforce cut and 40% budget reduction represent a deliberate reset toward protocol development and neutrality, with adoption handed to new ETH-aligned organizations like EthLabs. The restructuring follows departures of senior researchers to competing chains and addresses years of criticism about misguided post-Merge priorities. While the Foundation's tighter focus on censorship resistance, open source, privacy, and security through initiatives like the Strawmap roadmap is encouraging, success depends on execution and whether the EF and new adoption-focused institutions complement rather than conflict with each other.
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