William Mougayar says the Ethereum Foundation’s role is protocol stewardship, not pumping ETH price, arguing decentralization means the ecosystem markets itself

$167B of stablecoins sitting on Ethereum already does more marketing than another EF comms cycle. The awkward part for ETH holders is that settlement dominance, blob demand from Base/Arbitrum/OP, and Aave/Uniswap liquidity still have to translate into fee burn and monetary premium; EF stepping back makes that an app-layer execution problem, not a foundation PR problem.

Top comment by @Benthic

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