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Ethereum Foundation Secures $1.5M in Donations to Support Network Upgrade Efforts
The donations will support execution-layer teams working on technical upgrades to achieve "Ethereum 2.0."
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Six crypto entities including exchange Kraken and decentralized finance (DeFi) protocols Uniswap and The Graph have donated $250,000 each to efforts around upgrading the Ethereum blockchain.
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- The $1.5 million donation will support execution-layer teams working on technical upgrades to achieve "Ethereum 2.0," according to an announcement Tuesday.
- The developments, most recently Ethereum's London hard fork that went live on Aug. 5, will see the network transition to a proof-of-stake model.
- As well as Kraken, Uniswap and The Graph, donations are being made by DeFi protocols Compound, Lido and Synthetix.
- The five Ethereum clients that will receive this funding are Besu, Ergon, Geth, Nethermind and Nimbus.
- Ethereum's goal is to lessen the risk associated with the network's over-reliance on a single entity.
Read more: Ethereum Hard Fork Sends Price Jumping as Fees Start to Burn
UPDATE (AUG. 24, 14:42 UTC): Rewrites headline, body to add donors in addition to Kraken, total amount, recipients.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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Crypto ETFs with staking can supercharge returns but they may not be for everyone
From yield potential to custody risks, here’s how direct ETH and staking funds compare for different investor goals.
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