• According to new on-chain research, Ether (ETH) is trading below its worth by a staggering 27%.
• The report hinges its analysis on user adoption levels of Ethereum’s layer 2 networks.
• Layer 2 networks have ballooned in popularity with Optimism and Arbitrum probing new functionalities.

A new report has placed Ethereum’s network valuation north of $275 billion, relying on a modification of Metcalfe’s Law.

RxR, a joint venture b...