Cryptocurrency news

Developers of projects on Ethereum received grants for $25 million

Developers of projects on Ethereum received grants for $25 million

More than 150 developers who create projects on the Ethereum blockchain have already received $25 million in grants since the beginning of the year.

According to a study by the Block analyst Stephen Zheng, the largest donor in the Ethereum ecosystem was the Ethereum Foundation. Grants were also given by the Ethereum Community Fund and Aragon Foundation, ConsenSys and Protocol Labs.

The Ethereum Foundation leads both in the amount of grants issued and in the number of grants. In total, the organization issued 94 grants for $21.6 million.

Parity Technologies received the most money in the Ethereum ecosystem. Starkware, Prysmatic Labs, L4 Reservarch, and Status are also supported. Companies working on Ethereum scaling technology and the upcoming upgrade to Ethereum 2.0 received the most money.

The Ethereum community is looking forward to the launch of Ethereum 2.0, which is scheduled for July this year. Against this background, the Bitfinex exchange recorded
growth in the volume of long positions on ETH, and the number of contracts began to grow significantly from the middle of March, immediately after the price of ether fell to the area of $100.