Fee Yield ETH fair value model

Fair value$12.04

ETH close$2,498

Gap to price-99.5%

Last complete day 2026-10-13 (UTC) · Built 2026-10-14 21:45 UTC from the stored daily data. Values are for 2026-10-13; the live value is on the dashboard.

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Formula

(Burned L1 Fees + Burned Blob Fees) × 365 ÷ APR ÷ Supply

How it works

Reverse-engineers fair value from live staking APR, treating ETH like a yield-bearing bond. If Ethereum generates X in annual fees and the current staking yield is Y%, the implied market cap is X ÷ Y%. Uses real-time Lido stETH APR instead of a fixed target yield. This approach is favored by TradFi analysts evaluating crypto as an alternative asset class.

Limits: Assumes stable yield environment; actual staking yields are volatile in practice

Constants

No constant — inputs only

One-year history

$2.19$95.50$4,1632025-10-142026-10-13

Daily fair value (purple) vs ETH close (grey), 2025-10-14 – 2026-10-13.

Fee Yield ETH fair value model

Formula

How it works

Constants

One-year history

References

Other models