- Hsiao-Wei Wang and Tomasz Stańczak appointed as EF’s new co-executive directors.
- Aya Miyaguchi transitions from executive director to EF president.
The Ethereum Foundation (EF) has announced a major leadership change. Hsiao-Wei Wang and Tomasz Stańczak will take over as the new co-executive directors. This transition follows Aya Miyaguchi stepping down from the role to become EF’s new president.
The Ethereum community has been debating the foundation’s role for months. Many have criticized its leadership for Ethereum’s struggles. Ether (ETH) has lagged behind competing cryptocurrencies in price performance. Additionally, Ethereum has attracted fewer developers than Solana for the first time.
Wang has been part of EF since 2017. She has worked on Ethereum’s major upgrade, “the Merge,” and sharding research. Meanwhile, Stańczak is the founder of Nethermind. His company operates one of the largest Ethereum execution clients.
Danny Ryan Moves to Etherealize
In addition to the leadership changes, ex-EF researcher Danny Ryan is joining Etherealize. The new firm aims to integrate Ethereum with Wall Street. Founded by former banker Vivek Raman, Etherealize focuses on educating institutions and marketing ETH as a key financial asset.
At @etherealize_io, I intend to build a new Ethereum institution with Real World Ethereum as its north star
The world is ready to come on chain, and we’re here to do the hard work necessary to make it happen
— dannyryan (@dannyryan) March 1, 2025
Ryan shared his vision on X. He said he wants to build a strong Ethereum institution centered around real-world Ethereum use cases. He also emphasized the importance of bringing the world on-chain.
Strategic Moves for Ethereum’s Future
EF’s leadership changes come at a crucial time. The foundation has faced criticism for not effectively supporting Ethereum’s ecosystem. Investors worry about ETH prices and competition from high-throughput blockchains.
Vitalik Buterin outlined a plan for January to strengthen Ethereum. His strategy included increasing the blob count to boost transaction capacity. Additionally, layer-2 solutions would be encouraged to pay some fees to Ethereum’s base layer.
On February 13, EF deposited 45,000 ETH, worth $120 million, into Aave, Compound, and Spark. This move aimed to generate yield instead of selling ETH, which could suppress its price. The community welcomed this step.
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