In a recent paper, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4839567, we study the proposed standard models aligned with Metcalfe’s Law, identifying the most effective approach and further augmenting it for the Ethereum Network.
The results indicate the proposed model appears to capture demand and network effects more effectively for the Ethereum Network, as shown in equation (12), dt = CeλN̅m.
Consequently, we adjusted for the circulating supply, considering network upgrades. In the discussion, we explore an extension with the objective of addressing the criticisms of Metcalfe’s Law by evaluating network quality.
Any feedback is more than welcome.