Why Blockchain Valuation Models Are Still Up for Debate

Valuing blockchain networks today feels like déjà vu for anyone who lived through the early internet era. In the 1990s, analysts, investors, and founders struggled to apply familiar financial models to a radically unfamiliar technology. Companies with little more than a website and a pitch deck were valued in the hundreds of millions, sometimes billions, based on something as intangible as “eyeballs.”It didn’t end well source: https://www.coindesk.com/opinion/2025/06/17/why-blockchain-valuation-models-are-still-up-for-debate