Ethereum developers claim that the drop in coin prices has not affected the stability of network indicators

Despite the recent 17% drop in ETH prices, various indicators of the Ethereum network remain high. Marius Van Der Wijden, the core developer of Ethereum Foundation, stated that the market struggles to accurately reflect the fundamentals of on chain technology. Messari analyst Sam Ruskin pointed out that Ethereum TVL, priced in ETH, is close to historical highs, capital has not flowed out of the ecosystem, and the queue time for ETH staking entry is about 70 days, indicating strong institutional demand for locked in funds. Ether.fi CEO Mike Silagadze stated that users and revenue are still growing, and token prices are lagging behind. RedStone CEO Marcin Kazmierczak believes that the current decline is market noise and the fundamentals have not been affected.