Ethereum Foundation’s Strategic Goals Questioned by Industry Expert – Coincu

Ethereum co-founder Vitalik Buterin reiterated on April 29, 2025, that the Ethereum Foundation aims to increase Ethereum usage and enhance its decentralization. Pierre Rochard, VP of Research at Riot Platforms, challenged these goals, suggesting limited impact on ETH’s value.

Buterin’s announcement underscores Ethereum’s commitment to its principles amid technological development, yet Rochard argues that mere platform usage doesn’t ensure ETH price growth, given the rise of tokens like wBTC and USDT.

Ethereum’s Strategic Goals Spark Industry Debate

Vitalik Buterin restated Ethereum’s core objectives: increasing platform usage and improving decentralization. Buterin emphasized that these goals align with Ethereum’s mission. Rochard criticized the practicality of these aims, suggesting they are superficial and do not inherently raise ETH’s market value.

According to Rochard, bolder financial strategies could enhance ETH’s value. He proposed the Ethereum Foundation consider an IPO and utilize convertible bonds. Rochard highlighted the role of alternative tokens in Ethereum’s ecosystem, which could undermine ETH’s direct value.

“The primary objective is to boost Ethereum’s usage, with a particular focus on ensuring that users genuinely benefit from the platform’s underlying properties. The secondary goal is to enhance Ethereum’s resilience and decentralization, identifying and addressing potential vulnerabilities across the technology stack.” — Vitalik Buterin, Co-founder, Ethereum Foundation

Ethereum’s Market Performance and Strategic Challenges

Did you know? Rochard’s proposal for the Ethereum Foundation to pursue a Nasdaq IPO mirrors traditional finance mechanisms that have historically driven public company’s market valuations.

According to CoinMarketCap, Ethereum (ETH) is priced at $1,831.58 with a market cap of $221.12 billion, holding a 7.41% market dominance. The past 24 hours saw a 1.07% price rise and a 12.19% seven-day surge, yet over 90 days, ETH has plunged by 41.59%.

Coincu research suggests that increased industry attention may affect financial strategies. Ethereum’s governance model and technological pursuits demonstrate a delicate balance between maintaining a robust decentralized network and exploring innovative financial methodologies to support ETH’s valuation.