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- The new leadership of Ethereum wants to expand the system while retaining the basic principles.
- The market initially remained cautious after the announcement, but Ethereum’s long-term growth potential is huge.
Following the establishment of the Ethereum Foundation Advisory Group to uphold Ethereum’s principles, an earlier CNF report revealed that cryptographer Matthew Green is among the advisors who will help shape Ethereum’s future policy.
In a significant leadership change, the Ethereum Foundation has announced the appointment of Hsiao-Wei Wang and Tomasz Stańczak as Co-Executive Directors, effective March 17, 2025. This change is intended to strengthen the Ethereum ecosystem and usher in the next phase of development.
1/ The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation's evolution as we continue to support a growing Ethereum ecosystem.
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— Ethereum Foundation (@ethereumfndn) March 1, 2025
The new leadership
Hsiao-Wei Wang brings seven years of experience as a core researcher at the Ethereum Foundation and has been instrumental in the growth of the Beacon Chain and the Ethereum community in Taiwan. With her deep technical expertise, she is well equipped to drive the research and development of Ethereum forward.
Tomasz Stańczak, the founder of Nethermind, one of Ethereum’s most prominent clients, joins as Co-Executive Director. Tomasz Stańczak, known for his expertise in organizational growth and talent development, is stepping down from his position as CEO of Nethermind to devote his time to the Foundation.
This change in leadership is expected to strengthen Ethereum’s position in the rapidly evolving crypto landscape. The foundation’s goal is to transform Ethereum from a niche ecosystem into a robust, permissionless and censorship-resistant financial and software base layer.
Market reaction and future prospects
Since the March 1 announcement, Ethereum’s on-chain activity has shown mixed signals. The number of daily active addresses increased slightly to 346,776, indicating moderate user engagement. However, the Total Value Locked (TVL) of Ethereum-based DeFi protocols remained stable at USD 50.67 billion, indicating that there is no immediate inflow of capital following the leadership change.
The crypto community is taking a cautious wait-and-see approach and is watching closely to see how the new leadership will shape Ethereum’s development and market direction. It is expected that the foundation’s commitment to its core principles under the new leadership will play a crucial role in the development of Ethereum in the coming years.
Currently, Ethereum (ETH) is trading at $2,225, up 6.67% in the past day but down 12.13% in the past week.
