Svmuu News: Ansgar Dietrichs, a former Ethereum Foundation researcher and member of Ethlabs, stated on Laura Shin’s “Unchained” podcast that ETH still lacks a clear value narrative after failing to break through the $5,000 mark for five years.Ethlabs was founded on June 22 by five former Ethereum Foundation researchers and is backed by Bitmine, Sharplink, and ConsenSys founder Joe Lubin.
On-chain analytics firm Cryptoquant reported that over 32% of the ETH supply—approximately 39.5 million ETH—is currently 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, yet the price of ETH has fallen by more than 50% from its peak this cycle.
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Ethlabs Researcher Says ETH Still Lacks a Clear Value Narrative
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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