X @Token Terminal π
Token Terminal πΒ·2025-12-05 16:25
ETH has traded with a P/S ratio of 100x or more for yearsAfaik Cisco & other "dotcoms" did not sustain elevated valuations for yearsYet, the number of ETH holders continues to go upA sign that these holders value ETH using an alternative model? https://t.co/UH0NYfbnh4sam.frax (@samkazemian):On what time horizon does "ETH/L1 token is priced at 380x P/E" statement flip from proof of being overvalued to proof of P/E being the wrong framework for L1s?Most people agree BTC has β P/E since it captures no revenu ...