Okay, I would argue that number 1 comes into play as well but yes, network effect and store-of-value, plus a better form of money. But, those allow it to be compared to other forms of money and given a value in relation to them. The question remains: how do you place a "value" on Ethereum, LINK, Uniswap, etc.? They are all vital to some extent to the entire cryptosphere. But how do you say ETH should be worth $1T and LINK should be worth $200B? And what do they do or not do to "change" their value?

I don't have an answer. Like I said, almost $2T have been created in this space. What makes it so valuable? Right now, no one knows. It's all speculation that they're going to "figure it out" down the road. Bitcoin is literally the only crypto out there right now with a "quantifiable" value.

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