# Ethereum (ETH): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/ethereum/ · data through 2026-11-09 · rebuilt hourly.

Ethereum ranks #24 of 59 chains by revenue multiple. The market values it at $256B FDV against $202M of yearly network fees, 1,268×, still below the median. Priced like the median chain, ETH would trade at $4,313 (+106%).

For comparison, Ethereum is 14× cheaper than Bitcoin (18,076×).

On Ethereum today, sending ETH costs about $0.0034, and the average transaction pays $0.29 in fees.

| Metric | Value |
|---|---|
| Undervalued rank | #24 of 59 |
| Type | L1 |
| Token | ETH |
| Price | $2,094 |
| FDV | $256B |
| Market cap | $256B |
| Yearly fees (90d, annualized) | $202M |
| Revenue multiple (FDV/Fees) | 1,268× |
| Fair price (median revenue multiple) | $4,313 (+106%) |
| Transfer fee | $0.0034 |
| Average transaction fee | $0.29 |

## FAQ

### Is Ethereum undervalued?

By its fees, yes. Ethereum trades at a revenue multiple of 1,268×, 2.1× below the median chain, and ranks #24 of 59 most undervalued.

### How much does Ethereum earn in fees?

$202M a year, annualized from the last 90 days of network fees (DefiLlama).

### How much does a Ethereum transfer cost?

About $0.0034 to send ETH right now, read live from the network every hour.

### What would ETH be worth at a fair revenue multiple?

$4,313, +106% from $2,094 today. That's the price at the median revenue multiple of all ranked chains.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt