The Ethereum Foundation recently announced the launch of a security initiative to enhance the adoption of onchain technologies, aiming to strengthen Ethereum’s position in programmable digital assets. Fredrik Svantes and Josh Stark from the Ethereum Foundation will lead the initiative, with support from contributors like samczsun, Medhi Zerouali, and Zach Obront. Named the Trillion Dollar Security Initiative, the project focuses on analyzing and improving security aspects for Ethereum developers, including user experience, wallet security, smart contract security, and infrastructure. Despite facing challenges, Ethereum remains a dominant force in decentralized finance (DeFi), holding 50-60% of the total value locked across all blockchains as of May 2022. The network’s Total Value Locked (TVL) stands at nearly $80 billion. The Foundation emphasized the importance of community support in achieving Trillion Dollar Security, highlighting the vast potential for securing trillions of dollars on Ethereum. In other news, Ethereum witnessed a significant rebound following the Pectra upgrade, marking a 43% surge in ETH price since May 7. The upgrade introduced key improvements like external accounts as smart contracts, increased staking limits, and data blobs per block, contributing to Ethereum’s resurgence. This development signifies a positive trajectory for Ethereum amidst evolving market dynamics.