$ETH potential to pump is capped by its failure to be accepted as SoV.
To buy and hold $ETH now you need to believe in its ability to become a store of value asset.
Yes, $ETH can run to 10k with no fundamental change, but the current narrative of tokenization and RWAs is not enough to push it much higher without the ...
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The only token to break of L2 token curse is $MNT.
It trades at 2x the FDV of Arbitrum despite Arbitrum having higher TVL, more users and more maturity. L2Beat doesn't even list Mantle under rollups because of a lacking DA bridge.
$260m TVL for Mantle vs $3.5B for Arbitrum shows that TVL or technical maturity for L2 ...

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$BASE would likely trade $3.9B - $7.3B FDV if valued at $ARB, $OP or $LINEA FDV/TVL multiples.
That puts it far below $AVAX (~$14B), Hedera (~$12B), BCH (~$11B), $IP, $ENA, $UNI and others.
Even with Base posting the highest L2 chain revenue ($5M last month vs $1.6M for Arbitrum), it’s not enough to command a big pre...
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