Golden Finance reported that Ki Young Ju, CEO of crypto analysis company CryptoQuant, pointed out that while Ethereum's market value realization value (MVRV) is rising rapidly, it is also accompanied by an increase in the transaction volume and active addresses of the Ethereum network. ETH MVRV is rising faster than BTC MVRV, indicating that the ETH market is heating up relative to its on-chain fundamentals. But the level of on-chain activity suggests that it may not be overvalued. According to Santiment data, compared with Bitcoin in the past 30 days, Ethereum's MVRV has risen 29.9% to 91.43%, while Bitcoin's MVRV has shown the opposite trend, falling 10.8% to 127.41% over the same period. MVRV indicates that the asset is trading above or below its fair price, which is essentially the difference between the price a user pays for an asset and the current market price.
