Misc 8th Mar '22 Crypto network vs. valuation Metcalfe’s law – which states that the value of a network increases with the square of the number of users or nodes – works very well in comparing relative valuation differences across cryptocurrencies. Source: JPM. Click to share on Twitter (Opens in new window)Click to email a link to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)