@Lyx this type of thing is only good for making broad strokes of interpretation, you can't use it for actually comparing. The article does mention some of the limitations of applying Metcalfe's Law to cryptocurrency, like it can't valuate transactions. It also can't directly compare chains because of the difference in block speed and number of transactions per block.

"Intrinsic" is also kind of handwavey because all that ultimately matters is if people use it, put faith in it. The tokenomics of DOGE for example are completely fucked because the guy who invented it made it INTENTIONALLY bad as a joke, but people keep using it so it just keeps going. What I mean to say is, intrinsic value doesn't seem to predict actual value at all and I suspect that the measurements they are using are only good for backward "explanation" rather than "prediction".