6min chapter

Bankless cover image

ETH to $50k by 2030?! VanEck's Bull Case

Bankless

CHAPTER

Ethereum Security as a Service

Eigenlayer is taking the approach of looking what eigenlayer is doing and extrapolating that as a new value approval to ETH. The base case for this, in order to get to almost a $12,000 ETH price by 2030, you're assuming total Ethereum revenue gets to $50 billion, $51 billion annualized. Patrick: I just want people to understand the mechanics of this model is not unlike modeling cash flows for a stock. But there's no voodoo here. It's basically restaking yield as sort of what we're seeing here and the potential for that. And it's zero to date, but we're seeing some growth here.

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