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A new valuation platform developed by Hashed CEO Simon Seojoon Kim, which aims to determine the “fair value” of Ethereum ($ETH), has revealed that $ETH is severely undervalued compared to its current price.
According to the platform’s comprehensive composite analysis based on 12 different financial and on-chain models, Ethereum’s intrinsic value stands at $5,084.6, 60.6% above the current price of $3,165.6.
The platform aims to calculate Ethereum's fundamental value independently of price speculation by combining traditional finance metrics (discounted cash flow, revenue multiples, validator economics) with crypto-specific metrics (TVL multiplier, MC/TVL, Metcalfe's Law, staking scarcity, L2 ecosystem, settlement layer economics). According to Kim, the industry needs a “more rigorous, fundamentally based” valuation framework.
The price of $ETH has increased by 2.1% in the last 24 hours to $3,162, with a market capitalization of $382.1 billion. However, Ethereum's year-over-year performance compared to the overall crypto market has declined by 22.9%.
The platform also produces an investment trend dashboard for Ethereum by analyzing each valuation model separately. Most of the models indicate that $ETH is significantly undervalued:
- Metcalfe's Law: 9,981.3 – +215%
- DCF (Staking): 9,496.9 – +200%
- Validator Economics: 8,034.6 – +153%
- Settlement Layer: 5,105.8 – +61%
- Commitment Premium: 5,306.8 – +67%
- App Capital: 4,936.8 – +55%
On the other hand, two models suggest that $ETH is overvalued:
- P/S Ratio (25x): 936.1 – -70%
- Return on Income: 1,583.9 – -50%
*This is not investment advice.
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