Ethereum

“Namechain” will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.

The foundation has spent roughly $240 million since March 2022, and holds most of its treasury in ether, which has slid roughly 22% since the last financial report.

Eclipse raised more than $50 million from investors but has been marred by controversy over the past year.

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

Researchers Justin Drake and Drankrad Feist set off a controversy in May when they revealed that they’d accepted big token payouts from EigenLayer, raising conflict of interest concerns.