On Feb. 25, Aya Miyaguchi introduced her transition from Govt Director to President of the Ethereum Basis (EF), a call she made a yr in the past.
“These previous few weeks have illuminated one thing profound about Ethereum — a fact that turns into clearest in moments of stress when debates come up over the community’s efficiency or ETH’s market worth,” she mentioned.
She added that groups and people throughout the globe have been talking of Ethereum as if it had been their very own, however this stress is the place the best energy lies:
“Ethereum belongs to everybody exactly as a result of it belongs to nobody.”
New EF President
She emphasised Ethereum’s core philosophies, which embody decentralized possession, a “Tempo Layering” framework, and credible neutrality. She additionally reiterated the Basis’s function: It doesn’t management all domains however works to establish gaps and uphold Ethereum’s core values.
Ethereum co-founder Vitalik Buterin congratulated Aya, including that the function of the chief director is to create an setting the place others can shine and do their greatest work:
“So each success of the EF – the regular execution of Ethereum exhausting forks, consumer interop workshops, Devcon, Ethereum’s tradition and steadfast dedication to its mission and values, and extra – is partly a results of Aya’s stewardship.”
Miyaguchi mirrored on her seven-year journey with EF, noting how Ethereum has grown from having fewer voices to changing into a various ecosystem that grows “like a backyard, strengthened by its biodiversity.”
Tensions escalated on the EF in January when there was backlash in opposition to Miyaguchi and accusations of inefficiencies throughout her tenure. Buterin asserted his authority, however some core builders, similar to Eric Connor, jumped ship and have since began fuelling extra unfavorable sentiment in opposition to Ethereum.
ETH Worth Hammered
These tensions have been amplified by the underlying asset’s dire efficiency in latest months. Regardless of Bitcoin reaching a report peak in 2025, Ethereum bought nowhere close to its all-time excessive and stays 50% down from it, wallowing on the identical value ranges it was at the moment final yr.
Extra just lately, ETH tanked to $2,337 within the newest crypto market rout, its lowest value since early November, wiping out all post-US election features.
The asset is at the moment hovering slightly below $2,500 and has misplaced 25% for the reason that starting of this yr regardless of the bullish fundamentals similar to a possible staked Ether ETF, purchases by the Trump household DeFi platform, and the upcoming Pectra improve.
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