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1M Devs, 32.7% Staking ATH & Glamsterdam's Final Stage | Jun 17
Audio is available on Spreaker — see link below.
Ethereum hits one million cumulative developers while price sits 30% down year-to-date — today's briefing unpacks whether talent translates to value. Staking reaches an all-time high ratio, BitMine drops $136M in spot ETH, and Glamsterdam enters its final development phase.
Audio is available on Spreaker — see link below.
Ethereum just crossed one million cumulative developers. And the price is down thirty percent year to date.
While the developer count is a long-term signal, the staking data is more immediately relevant to price. The staking ratio just hit an all-time high of thirty-two point seven percent.
Which brings us to BitMine. The mining firm raised two hundred and seventy-four million dollars and deployed one hundred and thirty-six million of it directly into spot ETH.
Glamsterdam is now in its final development phase. This is Ethereum's largest protocol overhaul since the Merge, and it's now running devnets with all EIPs active.
One more development worth tracking. Teams at Linea, Gnosis, and Zisk are pursuing synchronous composability across rollups.
The honest answer to the episode's central question is that developer count doesn't translate to price automatically. What converts talent into market recovery is delivery.
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