Consensys.eth

Some recent posts have misstated key facts about a security incident that happened a few months ago. Earlier this year, we identified and contained a threat from an individual engaged as a consultant through a third-party provider. The individual was never a Consensys employee. After the threat was quickly identified, we immediately terminated all access, launched a comprehensive investigation, and notified law enforcement. Our investigation confirmed no malicious code was deployed, no customer assets or data were compromised, and there was no impact to user safety, funds, or security.

MetaMask is 10 years old today. It's an opportunity to reflect on how far we've come as an ecosystem, and on the millions of people who have used MetaMask to build a new economy on open rails. For MetaMask's birthday, instead of telling our story, we want to help you reflect on yours -- because MetaMask is about personal sovereignty and financial agency. ten.metamask.io

Ten years ago, one developer pushed 598 lines of code the day after Ethereum came alive, on the bet that people should be able to hold and use their money directly. A hundred million downloads later, the bet is the same. Here's what's coming next 👇

Ethereum L1 hosts ~$25B in tokenized assets. More than any other public network, before even counting its growing L2 ecosystem. That concentration of live assets, combined with Ethereum’s proven resilience, liquidity, and institutional ecosystem, is why the world’s largest banks and asset managers keep choosing Ethereum. Banks: → JPMorgan → Bank of China → BNP Paribas → Crédit Agricole → Santander → UBS → Société Générale → Morgan Stanley → Standard Chartered → BNY → ANZ → European Investment Bank → ABN AMRO Asset managers: → BlackRock → Fidelity → Amundi → UBS Asset Management → Franklin Templeton → Wellington → Apollo → New York Life → Hamilton Lane → Janus Henderson → Baillie Gifford → VanEck → WisdomTree Bonds. Funds. Stablecoins. Deposits. Onchain. Public. Permissionless. Ethereum.

On this MilkRoad podcast with John Gillen (@BitcoinJesusETH) and @joechalom, I mentioned ETH as both ultrasound money and as the highest powered money on the planet. And then John mentioned two "high powered" organizations that have recently emerged to grow the Ethereum platform. Here is a bit more on these topics. Some people outside the Ethereum ecosystem scoff at the idea of ETH as ultrasound money. Ethereum is building towards a future in which most economic activity is onchain, so has been focussed on massively growing modular scalability and ensuring that transaction fees are as small as possible, with the understanding that certain kinds of transaction fees, especially at Layer 1 will inevitably end up being expensive when Layer 1 becomes used mostly for high value activities and becomes deep infrastructure. As my colleague Joseph Chalom has pointed out, this is the same early-growth-over-near-term-profits strategy that has led to massive adoption by companies like Amazon. Many accept gold as sound money. Many also accept Bitcoin as sound digital money, given the idea that there will only ever be 21 million BTC issued and that BTC is currently disinflationary. As the Ethereum economy grows and accelerates, more and more ETH will be held tightly, staked, and consumed in everyday business activities. Increasingly Ethereum will become globally systemically important just as the internet and web technologies have. And ETH will become systemically important to hold and use for nation states, financial institutions, enterprises and individuals. In the near term, the Ethereum ecosystem will bounce back and forth for a while between its sound money state and its ultrasound money state. In Ethereum's sound money state it will act like Bitcoin with ETH serving as a disinflationary currency. In its ultrasound money state, ETH will be deflationary, a great characteristic for a collateral money to possess. Eventually the Ethereum ecosystem will remain in its ultra sound money state permanently as the amount of ETH burned in transactions will be larger than the amount of ETH issued to process transactions and secure the protocol. And since many transactions in the Ethereum economy will involve stablecoins in different forms including properly decentralized stablecoins, the numeraire and means of payment functions of money will be mostly handled by these stable value instruments. Central bank issued fiat money is often called high-powered money (aka the monetary base, or M0). M0 refers to the total amount of highly liquid currency issued by a country's central bank. This form of money is "high-powered" because it's the foundation of the broader money supply created through the banking system's credit creation mechanisms. I like to think of Ethereum as the highest powered money on the planet, but in a different sense: - Gold and BTC are high-powered money in various senses, but ETH goes beyond. - Like gold and BTC, ETH is not debt-based (or credit-based) money. - Like BTC, gold and silver that you hold physically, transactions involving ETH on Ethereum Layer 1 are uncensorable, whether these are simple payments or complex smart-contract-based programs being run. - Like BTC, ETH is relatively cheap to hold and store securely. - Ethereum is inexpensive and easy to use, regardless of how much value is involved, e.g. whether a transaction transfers $1 of value or $billions. - ETH is disinflationary and will become ultra-soundly deflationary. - ETH is diversely useful and rapidly mobile collateral money. - ETH and BTC cannot be used by a despot of a nation state to financially exploit or financially repress the citizenry. This is likely to have positive geopolitical ramifications over time. - ETH is programmable money. You can attach arbitrary logic to transactions. You can build an entire economy on smart contract-based agreements and business processes. (See Shodai Network.) - ETH is the base money of an exponentially growing ecosystem that should see growth for decades. As such its current monetary premium will continue to grow because everyone will have to hold some. Some of the current monetary premium of ETH is speculative, because despite how dominant Ethereum is in the smart contract-enabled blockchain ecosystem, it has not yet hit its stride. - Machine intelligence is going to supercharge every scientific and technological pursuit and grow global GDP larger and faster than any of us can imagine. And it will be Ethereum L1 and modular Ethereum L2s that undergird the bulk of the important high-valued agreements, transactions, payment flows, and complex business processes on which the next generation decentralized economy will run. In the episode, John Gillen referred to @ethlabs_org and @ethereuminsti (Ethereum Institutional) as high powered organizations. What he meant by that is that they are both non-profit, credibly neutral stewards and builders of the Ethereum protocol, network and ecosystem. Ethereum is a sovereign network that cannot at this point be shut down, corrupted or co-opted by powerful nation states, unless they exercised unreasonable and catastrophic measures. The transformation that hybrid human-machine intelligence operating on decentralized infrastructure will effect over the next few years and decades for financial, social networking and governance activities is unfathomable. Governments, big money and big business have now accepted this. Not financial advice.

Joe Lubin: "There is no more high-powered money in the world than Ether." Demand is coming from three directions right now: TradFi, machine intelligence, and the native degen crowd. (And that combination about to eat up serious block space.) More $ETH gets staked → less $ETH stays liquid → and the ultrasound money thesis starts to become obvious. Joe says it will all become clear within the next two years or so. FT @ethereumJoseph @joechalom @BitcoinJesusETH @Sharplink.

The Summer of Ethereum Love is gaining steam: - New credibly neutral steward organizations to magnify capabilities and accelerate through parallel tracked activities. These will grow and others will emerge. - Impactful reports and a new organization to help the incumbent corporate and government systems of the world understand the game changing value propositions of building on a sovereign network platform that is credibly neutral, censorship resistant, permissionless at its base, natively global and has operated with 100% uptime in the nearly 11 years since its birth. - Ethereum's and ETH's long-term high-value proposition is powerfully coming into focus for many major financial institutions. They are building on Ethereum. The Summer of Ethereum Love extends a warm welcome to all to the new Ethereum era.

MetaMask Money Account w/ @monad @veda_labs @SteakhouseFi x.com/i/broadcasts/1…

Ethereum's biggest catalyst isn't another ETF. It's demand. @ethereumJoseph says the next wave won't come from traders; it'll come from AI agents, tokenized assets, stablecoins, and institutions settling trillions onchain. If that plays out, today's price looks very different in a few years. FT @BitcoinJesusETH @joechalom @Sharplink Tune in to know more ⏱ TIME POINTS ⏱ 00:00 - Intro 01:21 – Why SharpLink Bought More ETH 03:06 – Surviving the Crypto Bear 05:35 – Russell Index Milestone 08:28 – SharpLink's DeFi Strategy 14:39 – Fiduciary Duty Explained 18:07 – ETH Labs Explained 24:02 – ETH Labs Priorities 30:12 – ETH Institutional vs. Etherealize 34:03 – Can Ethereum's New Orgs Win? 38:26 – Sponsor: Securitize 39:04 – Sponsor: Bitget 39:36 – Ethereum vs. Legacy Finance 45:44 – Ethereum's Future Governance 46:57 – SharpLink vs. Bitmine? 50:07 – 1 Million Ethereum Developers 51:30 – Glamsterdam Upgrade 56:44 – Why ETH Gains Value 01:02:59 – Measuring Ethereum's Success 01:08:03 – Wrap-Up

Are your stablecoins working for you? One tap makes them start earning in your MetaMask Money Account.

1/ Announcing Ethereum Institutional An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem.

1/ Today, the Global Policy Strategy (GPS) team is publishing Ethereum Basics for Governments and Institutions, a non-technical primer to equip the leaders making policy and deployment decisions with an understanding of how Ethereum works, how it's governed, and how it compares with perceived alternatives.

We make all of our products safe, and that includes MetaMask USD. @0xPredicate powers the compliance infrastructure behind $mUSD! 🧡

We sat down for the first time with @ethereumJoseph, Founder and CEO of Consensys and Co-Founder of Ethereum, and @KeoneHD, Co-Founder and GM of Monad Foundation. A conversation about where the future of money is headed, AI, and the new @metamask Money Account. Timestamps: 0:00 Intro 1:46 What Joe thought the internet would do to money 7:00 Why a 16-year-old skips the bank entirely 12:52 Has crypto only helped people already doing fine? 15:47 How AI changed the way they build 19:47 Is traditional finance moving onto crypto, or is crypto redefining it? 22:47 What do TradFi institutions actually want? 26:51 What is the MetaMask Money Account? 29:43 Who is it for? 30:14 What does it take at the chain level? 31:48 Why did MetaMask chose Monad? 33:37 When will stablecoins go mainstream? 38:09 AI agents that move money on their own 43:35 The story that says it all

It’s time to turn your money on. Introducing the MetaMask Money Account. 🦊

Last week at the Institutional Digital Asset Financing Summit at the @NYSE, hosted by @ICE_Markets and Clearmarkets, our CEO @joechalom joined: - Tom Lee (@fundstrat / Chairman @BitMNR) - Will Su (Head of Digital Assets Research @BlackRock) - Andrew Kang (CFO @Strategy) - Fred Thiel (@fgthiel / Chairman & CEO @MARA) The throughline: a treasury should work in every part of the cycle. Consolidation periods are exactly when a productive balance sheet proves its value. Nearly all of our ETH is staked and generating yield, so our holdings keep compounding while the market waits. That is the power of ETH as a productive reserve asset, not a static one.

It’s time for you to Predict the Pitch. Up to $75,000 in mUSD is at stake. 🦊 Take positions on the tournament’s biggest markets, powered by @Polymarket - the top 20 traders by ROI will win.

Build Automations with Agent Wallet x.com/i/broadcasts/1…

Wallets are becoming money apps and every extra step in the user onboarding process is a potential drop off point for users. In most wallets, buying crypto still means leaving the app: a pop-up, a third-party redirect, a repeated KYC check, fees you cannot see clearly. @MetaMask's new deposit feature, powered by Transak, consolidates several touch points into one seamless onboarding process. The deposit flow is embedded directly in the wallet, with transparent pricing and support for ACH, SEPA, cards, Apple Pay, and Google Pay. Compliance and licensing run underneath across 60+ countries, certified to SOC 2 Type II and ISO 27001. Need an onboarding solution that can integrate natively with your app? Talk to us -> transak.com/?utm_source=tw… *Not available to users in the UK.

Beautifully crafted piece on "Why Ethereum?" Very powerful. Some quotes: “The original vision of consortium blockchains – the idea that you have 5 banks or major companies that come together and create their own chain – has been mostly a failure,” Vitalik Buterin explains . “It ends up inheriting most of the disadvantages of centralization and most of the disadvantages of decentralization at the same time.” The problem, as he describes it, is that the first few banks feel like equal founders, but bank number twenty is just joining something its competitors already control. You take on all the engineering cost of a distributed system and get none of the benefits of openness, composability, and credible neutrality that made blockchains worthwhile in the first place. The single-most important blockchain property is sovereignty (Note: Another way to express "sovereignty" is: credible neutrality + censorship resistance + privacy + security). What made Bitcoin revolutionary was that it was the world’s first sovereign computer platform. Before Bitcoin, all computer platforms belonged to a person, a company, or a government, and they had to obey the will of their owners and the rules of the jurisdiction where they resided. But a sovereign only obeys its own rules, and no single entity could impose rules on Bitcoin. (Note: On Ethereum, builders and users also have far more personal sovereignty than possible on any other large public platform in the world.) Much of Ethereum’s lead in sovereignty and credible neutrality comes from path dependence that no other blockchain can replicate. Ethereum launched with proof-of-work in 2015 and ran on it for seven years before transitioning to proof-of-stake in 2022. During that period, ownership of the network was distributed through an open 2014 crowdsale and GPU mining that was deliberately kept accessible to consumer hardware. The result was widespread token distribution with no single entity controlling a meaningful fraction of the network (an essential factor in the sovereignty of a proof-of-stake network). According to Token Terminal’s Ethereum Q1 2026 Report, Ethereum holds 79% of active DeFi loans across the top five chains, 62% of stablecoins, 73% of tokenized funds, and 84% of tokenized commodities. Erik Voorhees, the founder of Venice.ai (the privacy-first AI inference platform with 3+ million users and tens of millions of dollars in ARR), articulated a similar rationale a few days ago "It wasn't even a question for us," Erik replies when asked why he built Venice on Coinbase's Ethereum L2 Base, "The Ethereum ecosystem is the far more authentic, resilient, and robust ecosystem of all smart contract platforms."