ETHval

Dashboard › Valuation models

Liquidity Premium ETH fair value model

Fair value$3,551

ETH close$2,498

Gap to price+42.1%

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

Price × √(Supply ÷ Liquid Float)

How it works

Applies a price premium based on the percentage of ETH committed to staking and DeFi protocols. Higher commitment ratios indicate stronger long-term holding conviction and reduced liquid supply. The multiplier (1.5x) reflects the value premium of committed vs. liquid assets. Inspired by the concept that L1 tokens should be valued as money (Store of Value) rather than stocks.

Limits: 1.5x premium multiplier for committed ETH is arbitrary without empirical basis

Constants

One-year history

References

• Amihud & Mendelson: Liquidity and Asset Prices
• Glassnode: Bitcoin Liquid and Illiquid Supply

Other models

• TVL Multiple$2,882 · 2026-10-13
• Staking Scarcity$2,952 · 2026-10-13
• Metcalfe's Law$5,840 · 2026-10-13
• Staking DCF$7,494 · 2026-10-13
• L2 Ecosystem$3,249 · 2026-10-13
• P/S Ratio (25x)$6.65 · 2026-10-13
• Fee Yield$12.04 · 2026-10-13
• App Capital$4,241 · 2026-10-13
• Validator Economics$6,782 · 2026-10-13
• ETH Monetary (MV=PQ)$2,477 · 2026-10-13
• Ecosystem Settlement (MV=PQ)$16,383 · 2026-10-13