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Ethereum Foundation embroiled in drama, facing pressure to restructure entire organization

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Many believe that Ethereum is no longer attractive to investors both in the short and long term, what does Vitalik Buterin need to do to change this?

On the morning of January 18, Vitalik Buterin, co-founder of Ethereum, confirmed that the Ethereum Foundation (EF) is undergoing a major change in leadership structure. EF is the organization responsible for driving the development of Ethereum. Even so, he stressed that EF's core mission remained unchanged.

According to Buterin, these changes are aimed at improving the technical level of the leadership team, improving communication with the developer community and users, attracting new talent to improve work performance, and promoting the use of decentralized technology and privacy security in EF operations.

However, he also opposed EF's deep interference in lobbying for Ethereum, arguing that this could threaten Ethereum's global neutral position.

This is not what EF does and will not change either. Those who wish for a different direction can create their own organization themselves.
Vitalik insists.

Buterin's announcement comes amid mounting criticism from the EC community, particularly following President-elect Donald Trump's decision to release the “Official Trump” (TRUMP) memento coin on Solana instead of Ethereum. This has sparked a wave of intense debate on social media, with many suggesting that Ethereum is losing its leading position in the blockchain space.

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ETH price 4H frame on Binance exchange. Source: Tradingview.

The fact that Ethereum was not chosen as a TRUMP implementation blockchain reflects the decline in the attractiveness of the Ethereum ecosystem, especially in recent years as new blockchains such as Solana, Base, and Arbitrum have continually improved in terms of transaction processing speed, low cost, and scalability.

 

This stagnation is also evident in the price action of ETH, as Ethereum did not have a significant breakout despite Bitcoin breaking above the $100,000 mark. This suggests that large cash flows are prioritizing BTC and strong growth ecosystems like Solana, while Ethereum appears to be losing traction for both investors and new projects.

Amid the controversy, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, proposed replacing EF's current CEO, Aya Miyaguchi. While praising Miyaguchi's contributions, Lubin said the crypto industry has entered a completely different phase, requiring a more appropriate new type of leadership.

He proposed Danny Ryan, a former researcher at EF who oversaw Ethereum's transition from PoW to PoS (Ethereum Merge), and Jerome de Tychey, president of Ethereum France, to co-lead. Lubin believes that if Ryan and de Tychey lead EF, they will bring new energy, innovative thinking and strong marketing capabilities that will help Ethereum maintain its position as the leading blockchain ecosystem.

De Tychey also called for EF to improve its ability to communicate and interact with the community, and return to a simple, bold communication strategy. He stressed that Ethereum's strength lies in its ability to adapt and cooperate, and that this change of leadership will help Ethereum grow stronger in the future.