The Ethereum Foundation has introduced the “Trillion Dollar Security Initiative,” a comprehensive program aimed at strengthening the security of the Ethereum ecosystem. Announced on May 14, the initiative seeks to address vulnerabilities in legacy systems and support the broader adoption of on-chain technologies.
Fredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team will serve as the initial co-chairs of the initiative. They will be supported by ecosystem contributors samczsun, Medhi Zerouali, and Zach Obront. The initiative focuses on analyzing and improving areas such as user experience, wallet security, smart contract integrity, and infrastructure robustness.
Ethereum continues to lead the decentralized finance (DeFi) space, maintaining between 50% and 60% of the total value locked (TVL) across all blockchains since May 2022. As of May 14, the network’s TVL stands at nearly $80 billion.
The Foundation emphasized the importance of community involvement, stating, “Achieving Trillion Dollar Security is only possible with the support of the broad Ethereum ecosystem.” The goal is to ensure that billions of individuals can confidently store significant value on-chain, collectively amounting to trillions of dollars secured on Ethereum.
This initiative aligns with Ethereum’s ongoing efforts to enhance its infrastructure and security, following recent upgrades like Pectra, which introduced improvements such as external accounts as smart contracts, increased staking limits, and data blobs per block.
