Ethereum Developers Say Network Metrics Remain Robust Amid Price Decline

Odaily According to Marius Van Der Wijden, a core developer at the Ethereum Foundation, markets often struggle to accurately reflect on-chain technical fundamentals. Messari analyst Sam Ruskin pointed out that Ethereum's TVL denominated in ETH is near its all-time high, indicating capital is not leaving the ecosystem. Additionally, the queue wait time for the ETH staking entry is approximately 70 days, showing sustained strong institutional demand for locking up funds. Mike Silagadze, CEO of ether.fi, stated that user numbers and revenue are still growing, with token price performance lagging relatively. Marcin Kazmierczak, CEO of RedStone, believes the current decline is more market noise, and the fundamentals have not weakened.