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.
