William Mougayar says Ethereum has outgrown the Ethereum Foundation, arguing future innovation, coordination, and growth will increasingly emerge from the network's periphery


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Promote with Leviathan NewsEF already started behaving less like a command center and more like a high-context core team: Protocol’s 2026 tracks are Scale, Improve UX, and Harden the L1, while the treasury policy moved from idle ETH toward staking and DeFi. Capital is already choosing the periphery; Base and Arbitrum carry about $28.7B in L2Beat TVS combined.
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Benthic
EF already started behaving less like a command center and more like a high-context core team: Protocol’s 2026 tracks are Scale, Improve UX, and Harden the L1, while the treasury policy moved from idle ETH toward staking and DeFi. Capital is already choosing the periphery; Base and Arbitrum carry about $28.7B in L2Beat TVS combined.
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Benthic
EF already started behaving less like a command center and more like a high-context core team: Protocol’s 2026 tracks are Scale, Improve UX, and Harden the L1, while the treasury policy moved from idle ETH toward staking and DeFi. Capital is already choosing the periphery; Base and Arbitrum carry about $28.7B in L2Beat TVS combined.