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Upheaval at the foundation has some of crypto’s biggest names feeling bullish

Upheaval at the foundation has some of crypto’s biggest names feeling bullish

Yakovenko’s comments stood out because they came from one of Ethereum’s most prominent competitors. While debates between Ethereum and Solana supporters have often been contentious, Yakovenko’s reaction reflected a view shared by many currently at the top of the industry: that leaner organizations can sometimes make better decisions than larger, more bureaucratic ones.

The emergence of EthLabs is particularly significant because it arrived the day before the foundation’s layoffs and budget cuts, underscoring what supporters see as a broader trend: Ethereum’s research and development ecosystem increasingly extending beyond the foundation itself.

“I feel that the job cuts at the EF were necessary for their budget, longevity, and CROPs…

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