Ethereum Foundation Invests $32.65M in Layer 2 Scalability and Ecosystem Growth
The ethereum Foundation has allocated $32.65 million in grants through its Ecosystem Support Program (EFESP) during Q1 2025, focusing on enhancing Layer 2 scalability, zero-knowledge proofs, and global ecosystem development. This strategic investment underscores Ethereum’s commitment to advancing developer tools, consensus layers, and community education, with nearly half of the funded projects dedicated to these critical areas.
Ethereum Foundation Allocates $32.65M to Boost Layer 2 Efficiency and Education
The Ethereum Foundation has disbursed $32.65 million in grants via its Ecosystem Support Program (EFESP) during Q1 2025, targeting Layer 2 scalability, zero-knowledge proofs, and global ecosystem growth. While individual grant amounts remain undisclosed, the allocation highlights a strategic focus on developer tools, consensus layers, and community education.
Nearly half of the funded projects fall under the "Community and Education" category, reflecting Ethereum’s push for broader adoption through grassroots initiatives. The MOVE signals continued institutional confidence in Ethereum’s roadmap as it prioritizes scalability solutions ahead of further mainstream adoption.
Superstate Partners with Token Terminal to Enhance On-Chain Reporting Standards
Superstate, a prominent asset manager and real-world asset issuer operating on Plume Network and Ethereum, has forged an exclusive partnership with Token Terminal. The collaboration aims to elevate on-chain reporting through transparent, data-driven metrics.
The alliance leverages Token Terminal’s advanced analytics platform to provide stakeholders with enhanced visibility into blockchain performance. Superstate, backed by $18 million in venture funding from CoinFund and others, continues to push institutional adoption of distributed ledger technology.
Ethereum (ETH) Sees Best Day Since 2021 in 20% Surge
Ethereum prices surged nearly 20% in 24 hours, reclaiming $2,200 to hit a two-month high. The rally marks ETH’s strongest single-day performance since 2021, with the asset now up 26% over two weeks and 50% monthly.
Short sellers faced $280 million in liquidations as ETH climbed from $1,900 to $2,234 during Asian trading hours. The move coincides with the long-awaited Pectra upgrade going live on May 7.
While Bankless noted this as Ethereum’s best day in three years, similar volatility has occurred before. Last May saw a 23% jump from $3,070 to $3,800 in just 48 hours.
Ethereum Surges Past $1,900 Amid Institutional Buying Signals
Ethereum has broken through the $1,900 barrier, fueled by a 6.4% weekly gain and a 6.7% daily increase to trade at $1,989. The rally aligns with a broader cryptocurrency market recovery, marked by significant on-chain activity suggesting institutional accumulation.
CryptoQuant analysts highlight exchange outflows and stablecoin minting as key drivers. Over 85,000 ETH were withdrawn from Binance in a concentrated move, while large stablecoin issuances indicate fresh capital entering the market. These dynamics point to growing institutional participation in Ethereum’s liquidity ecosystem.
Ethereum Stuck Between Retail Sell-Off and Whale Accumulation
Ethereum finds itself caught in a tug-of-war between retail investors and large holders. On-chain data reveals a divergence in behavior: retail traders are depositing ETH onto exchanges like Binance, signaling potential sell pressure, while whales are quietly withdrawing assets—a classic accumulation pattern.
The $2,000 price level looms as a psychological battleground, with March 27 marking the last time ETH touched this threshold. Market Optimism for a trend reversal grows, yet the on-chain narrative remains fractured. Binance metrics in particular show contradictory signals, leaving analysts divided on Ethereum’s near-term trajectory.
Ethereum Surges 22.8% Amid Surging Trading Volume
Ethereum’s price rallied sharply to $2,368.02, marking a 22.80% gain within 24 hours as trading volume exploded by 119.36%. Nearly $42.1 billion worth of ETH changed hands, signaling robust investor interest in the second-largest cryptocurrency.
The momentum extends Ethereum’s weekly gain to 30.34%, pushing its market capitalization to $285.9 billion. Market participants appear to be positioning for further upside, with the volume spike suggesting strong conviction among traders.
Meanwhile, meme coins Pepe and Brett (Based) joined Virtuals Protocol as the session’s top performers, while Four and gold-pegged tokens Tether Gold and PAX Gold lagged behind.
