As Ethereum (CRYPTO: ETH) dropped almost 5% on Friday, a new research suggests the network’s long-term valuation may potentially grow into the trillions.
Markets Price Ethereum Like A Company, Not Infrastructure
The research, highlighted by longtime pseudonymous Ethereum investor DeFi Dad, is authored by blockchain analyst William Mougayar and challenges how markets currently value Ethereum.
The core argument is that investors price Ethereum like a revenue-generating technology company, focusing on fees, issuance, and short-term cash flows.
The report instead frames Ethereum as public infrastructure, comparable to Internet base layers such as TCP/IP, where most economic value appears outside direct monetization.
The ‘Invisible Value’ Framework Behind The Trillion-Dollar Thesis
The model breaks Ethereum’s value into three layers …
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