Ethereum Is Worth $210 Billion. A Former EF Insider Says Its Core Builders Could Run Short of Cash by Spring.

By Isaac • June 20, 2026 11:07 pm •

Ethereum sits second by market capitalization right now, with ETH near $1,737 and a market cap around $210 billion in CoinGecko’s current snapshot. The network is large, liquid, and deeply institutional.

The people who maintain its core software may still face a cash problem within the next year.

Trenton Van Epps, who worked at the Ethereum Foundation from May 2021 to April 2026 on core development funding, the Protocol Guild, and Ethereum’s political economy, warned this week that core development could hit a funding crisis inside three to nine months.

He published the warning himself, then pointed people to it.

My latest article on Ethereum institutions (past, present, and future) and their political economy:

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