Ethlabs Researcher Says ETH Lacks a Clear Value Narrative
2026-07-01 22:03
Odaily News: Former Ethereum Foundation researcher and Ethlabs member Ansgar Dietrichs stated on Laura Shin’s Unchained podcast that ETH, after failing to break through the $5,000 mark in five years, still lacks a clear value narrative. Ethlabs was established on June 22 by five former Ethereum Foundation researchers and is supported by Bitmine, Sharplink, and Consensys founder Joe Lubin.
On-chain analytics firm Cryptoquant reports that over 32% of the total ETH supply, approximately 39.5 million ETH, is currently staked, while exchange balances continue to decline. The firm also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen more than 50% from its cycle high.
On-chain analytics firm Cryptoquant reports that over 32% of the total ETH supply, approximately 39.5 million ETH, is currently staked, while exchange balances continue to decline. The firm also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen more than 50% from its cycle high.
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