Joseph Lubin rejects crisis narrative at Ethereum Foundation: restructuring reflects focus on protocol, not decline 

6/8/2026, 07:58 AMЕвгения Слив

Ethereum co-founder and head of ConsenSys Joseph Lubin in an interview with CoinDesk rejected claims about the crisis at the Ethereum Foundation. According to him, the budget cuts, state optimization and personnel reshuffles reflect not a decline but a conscious narrowing of focus: the fund should concentrate on developing the core protocol and preserving the key values of the network, rather than commercialization or marketing initiatives.

Lubin emphasized that criticism of the foundation often arises from misunderstanding its mission. The organization, in his view, is obliged to remain neutral with respect to the ecosystem and not to replace technological development by pursuit of market metrics. For mass adoption, working with institutional players and promoting individual verticals, other structures should be responsible - and the foundation itself should remain the "architect" of the base layer. Lubin also specified that he does not hold a position in the EF.

Responding to a question about the network’s prospects, Lubin associated the next wave of growth with two factors: autonomous AI agents that will conduct oncheen transactions, and increased institutional use of the Ethereum infrastructure. Despite the controversy surrounding the reforms in the fund, the network continues to process about 2 million transactions per day, which, according to Lubin, confirms the sustainability of the ecosystem. In May, however, Bankless co-founder David Hoffman reduced his position in ETH, stating that he no longer expected a large-scale structural revaluation of the asset.

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