Ethereum Foundation Launches Etherealize to Connect Institutions with DeFi
The Ethereum Foundation has launched Etherealize to encourage institutional engagement within the Ethereum ecosystem. This initiative aims to connect traditional institutions with decentralized finance (DeFi), blockchain applications, and Web3 technologies.
Key Objectives of Etherealize
- Provide marketing and product support for Ethereum
- Facilitate learning about Ethereum-based solutions for organizations
- Boost Ethereum's visibility among institutions
- Support Ethereum’s goal of establishing a decentralized internet
- Focus on transitioning users from centralized technologies
Etherealize will also participate in core development efforts in the Ethereum ecosystem.
Pectra Upgrade Timeline
The Pectra upgrade is now planned for March 2025, delayed from late 2024 due to expanded scope, including various Ethereum Improvement Proposals (EIPs). It will enhance user experience by:
- Enabling account abstraction
- Increasing validator stake limits from 32 to 2,048 ETH
- Refining deposit and exit mechanisms
Growth of Ethereum Layer-2 Solutions
The Ethereum ecosystem continues to expand, highlighted by endorsements for Soneium, a new Layer-2 blockchain aimed at corporations. Key features include:
- Use of USDC as its main exchange token
- Integration of Web2 and Web3 technologies
Other developments include Kraken’s launch of Ink, an Ethereum scaling solution, and Base Network maintaining leadership in transaction volume and Total Value Locked (TVL). These initiatives illustrate the competitive landscape and evolution of the Ethereum ecosystem.