Ethereum Enters a New Era at Age 11 Ethereum is stepping into a new era, leaving behind its most profound institutional transformation in its 11-year history. Following a restructuring of personnel and budget at the Ethereum Foundation, the foundation has adopted a more focused identity. The emergence of independent entities such as EthLabs, Ethereum Institutional, and EthSystems demonstrates that responsibility is now distributed across the ecosystem rather than centralized under a single umbrella. Amid this period of challenges for crypto investors, Ethereum continues its efforts to secure its long-term position. From the outside, however, the picture sends a different message: major asset managers are developing tokenization products on Ethereum, while institutional investment funds set a record this year with net inflows exceeding $11 billion. As internal transformation continues, external interest has never been stronger.