CoinShares said in a post that after the Dencun upgrade, Ethereum’s fee revenue fell significantly, but network usage continued to grow, making it harder to value ETH. Its latest research proposes a 5-year “segmented valuation” framework that incorporates cash flow, monetary premium, and network effects into the same model. CoinShares stated that, under the baseline scenario, ETH’s valuation by 2031 is approximately $4,935.

ETH-4.52%
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SnackFi
· 1h ago
Discounted cash flow for tokens, bringing over the traditional finance methods still feels a bit off.
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GasFeesAfterTheRain
· 06-02 15:47
CoinShares’ model dares to quantify the amount of currency premium—quite bold.
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MistValleySignpost
· 06-02 15:34
2031 is too far away; my contract expires next week.
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MorningGoldAsWavesCrashAgainst
· 06-02 15:34
Dencun’s fee reduction really makes the narrative more complex—before, you just needed to look at gas; now you have to factor in economic abstraction.
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