02-03 21:42 Tuesday
Ethereum developers stated that network metrics remained stable during the price drop.
According to CoinWorld, despite a recent 17% drop in ETH prices, various Ethereum network metrics remain high. Ethereum Foundation core developer Marius Van Der Wijden stated that the market often fails to accurately reflect on-chain technology fundamentals. Messari analyst Sam Ruskin pointed out that Ethereum TVL (total liquidity value) in ETH terms is near its all-time high, indicating that capital has not flowed out of the ecosystem. Furthermore, the ETH staking queue time is approximately 70 days, showing that institutional demand for locked funds remains strong. ether.fi CEO Mike Silagadze stated that user and revenue growth continues, while token price performance has lagged behind. RedStone CEO Marcin Kazmierczak believes that the current decline is more market noise, and the fundamentals have not weakened.
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