With activity growing on Ethereum, a public blockchain that facilitates the execution of complex autonomous applications, investors are wondering how exactly to value the native asset of the network, Ether. In August, Grayscale released a report on Valuing Bitcoin to help investors understand why Bitcoin has value and how they can monitor important underlying metrics.
Similarly, this report is intended to outline important considerations for valuing Ether. While Bitcoin is widely considered digital gold, Ether’s designation is less clear. This paper explores three approaches and relevant metrics associated with each: Ether as money, Ether as a consumable community, and Ether as a cash generating asset.
Download the full Valuing Ethereum report below.