Former EF researchers have joined up to go solo, while ETHLabs directly took money from major corporate clients—so is this a spillover of internal foundation conflicts or the ecosystem rescuing itself? Stablecoins and RWA infrastructure are the real battlegrounds where real money is made.

CryptoWorld News reports that a former Ethereum Foundation researcher has established a new nonprofit research and development organization called ETHLabs, which has received support from some of Ethereum's largest corporate holders. ETHLabs is led by five former senior contributors of the Ethereum Foundation, focusing on Ethereum scaling, data availability, protocol economics, and network finality. The organization's founding comes at a time of significant organizational change within the Ethereum Foundation, as co-executive directors announced their resignation, further intensifying internal turmoil. ETHLabs' initial efforts will focus on accelerating transaction settlement, expanding Ethereum's capacity, and improving infrastructure for institutions issuing tokenized assets and stablecoins. Ethereum holds a 53% market share in the $300 billion stablecoin market, accounting for about half of the approximately $32 billion tokenized asset market.