POPA ReconWhy Ethereum is materially mispriced, my fair value, and the framework people keep missing
Why Ethereum is materially mispriced, my fair value, and the framework people keep missing Ethereum fees falling $50 to $0.20 per transaction while volume triples and L2s carry 85% throughput shows the network winning Proof of stake welds ETH value to security: the token itself is the lock guarding the vault. Ethereum secures $250B in stablecoins, tokenized assets, bridges, and activity with only $72B staked ETH, making the lock cheaper than the safe Fair value sits near $6,900 today at a 3x security multiple and scales into the tens of thousands as settlement reaches trillions. Unlike Linu…
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