L2 Ecosystem ETH fair value model

Fair value$3,249

ETH close$2,498

Gap to price+30.1%

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.

Open the live chart →

Formula

(TVL + L2×Weight) × Multiple ÷ Supply

How it works

Captures value from Ethereum's Layer 2 scaling ecosystem (Arbitrum, Optimism, Base, zkSync, etc.). L2 TVL is weighted 2x because L2 activity settles on Ethereum mainnet, consuming blockspace and burning ETH via EIP-1559. This model recognizes that Ethereum's value extends beyond L1 to its entire rollup-centric roadmap and modular blockchain thesis.

Limits: 2x L2 weight multiplier is proprietary without empirical basis

Constants

Constant	Value	Meaning
`L2_WEIGHT`	2	Weight on L2 TVL vs L1 TVL
`L2_MULTIPLE`	6	Multiple on weighted TVL

One-year history

$1,565$2,934$5,5002025-10-142026-10-13

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

L2 Ecosystem ETH fair value model

Formula

How it works

Constants

One-year history

References

Other models