# 15 - ETH is undervalued - Bonus Episode

*Author: Ryan Sean Adams*
*Published: Jun 3, 2020*
*Source: https://www.bankless.com/fr/eth-is-undervalued-bonus-episode-639070caed39286b1232326e*

---

The Bankless boys think ETH is undervalued and they explain why.

Also, a talk on governance why putting it on-chain is a money killer. Join [Ryan](https://twitter.com/RyanSAdams) and [David](https://twitter.com/TrustlessState) in this special bonus episode!

---

### TOPICS
- ETH fundamentals are fire

Metrics 

Gas usage at all time higher

- Daily active users up

- Stablecoins on Ethereum up

- BTC tokenized on Ethereum up

- Network fundamentals up!

- So why isn't price up?

- Maybe ETH is Undervalued!

- New Crypto.com wallet is protocol sink thesis!

- Maker on Coinbase is a big deal

- On-chain gov hurts store-of-value 

Decreases credible neutrality

- Handing the keys to plutocrats

---

### RESOURCES
- (Article) [ETH is doubly undervalued](https://bankless.ghost.io/eth-is-doubly-undervalued-market-7ae)
- (Tweet) [Why ETH is headed to bull market](https://twitter.com/spencernoon/status/1265419615741644800?s=20)