New Report Suggests Ethereum Is Trading Well Below Its Market Value, Citing A Valuation Of $275 Billion ⋆ ZyCrypto
Balita ng Ethereum ng Bitcoin According to new on-chain research, Ether (ETH) is trading below its worth by a staggering 27%. The report hinges its analysis on user adoption levels of Ethereums layer 2 networks. Layer 2 networks have ballooned in popularity with Optimism and Arbitrum probing new functionalities. A new report has placed Ethereums network valuation north of $275 billion, relying on a modification of Metcalfes Law. RxR, a joint venture between Re7 Capital and Republic Crypto, has pegged ETHs fair valuation at $275 billion in its latest analysis. According to the report, the network is currently trading below fair value by 27% if certain key factors are considered holistically. The report made use of a modified Metcalfe-centric model to arrive at its conclusion, noting that existing models do not take the scaling dynamics into account. Traditional models place a premium on the number of active users on the network‘s mainnet, but RxR’s models rely on data from Ethereums layer 2 networks. Metcalfes law states that the financial value of a network is directly proportional to the square of the number of connected users, but extending the model to layer 2 activities yields new results. said Lewis Harland, an RxR analyst. In the report, the research analyst noted