Ethlabs researcher says ETH lacks a clear value narrative
2026-07-01 22:03
Odaily Planet Daily News: Former Ethereum Foundation researcher and Ethlabs member Ansgar Dietrichs said on Laura Shin's Unchained podcast that ETH still lacks a clear value narrative after failing to break the $5,000 mark in five years. Ethlabs was established on June 22, founded by five former Ethereum Foundation researchers, and is supported by Bitmine, Sharplink, and Consensys founder Joe Lubin.
On-chain analytics company Cryptoquant stated that currently over 32% of ETH’s supply, approximately 39.5 million ETH, is staked, while exchange balances continue to decline. The company also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, but the price of ETH has dropped over 50% from its cyclical peak.
On-chain analytics company Cryptoquant stated that currently over 32% of ETH’s supply, approximately 39.5 million ETH, is staked, while exchange balances continue to decline. The company also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, but the price of ETH has dropped over 50% from its cyclical peak.
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