EIGEN Foundation’s significant pledge: The EIGEN Foundation announced a commitment of 1% or 16.8 million EIGEN tokens to Protocol Guild, which translates to about 82.6 million USD. This contribution promotes the sustainability of Ethereum and ensures funding for its essential developers.
Impact on Ethereum’s developer landscape: Despite the financial support, Ethereum faces challenges as developer activity declines, with Solana attracting more new developers. EIGEN Layer is gaining traction, showing a remarkable 167% increase in developer participation, highlighting an evolving competitive environment.
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