It turns out that Ethereum (ETH) is trading at a 27% discount in light of a valuation methodology that includes the adoption of layer-2 (L2) scaling projects.
In a research report, crypto research company RxR published a customized tool to calculate the possible fair value of Ethereum. Metcalfe’s Law used the method. This method aims to calculate the value of a network by taking into account the users of that network. Ethereum layer-2 networks was also included in the valuation.
RxR analyst Lewis Harland In the report, this new updated method is compared to the traditional Metcalfe’s Law. more optimized stated that it yielded results. Harland stated that according to this model, the current market value of Ethereum is actually $275 billion He said it should be. At this point, it is 27% cheaper than the price Ethereum should be, in other words 27% off He claimed that he was. In light of this calculation, Ethereum fair transaction price $2,103 It was suggested that it should be.
The report hinted that Ethereum scaling networks contribute significantly to the mainnet. Currently, on the Ethereum network from $1 million has more total assets locked (TVL) More than 250 applications It was stated that.
Approximately 30 layer-2 networks have a total locked value of $10 billion with the emergence of rollup-centric solutions (layer-2 networks).
According to CoinGecko data 24 hours in 1.7% gaining value Ethereum, as of writing $1,657 It is traded at .
