if
$NEAR ever reaches ETHβs market cap, thatβs roughly $250 per coin - about 54x from here.
sounds ridiculous today.
$ETH has far deeper liquidity, a much bigger ecosystem, and way more institutional capital behind it.
but the gap in what the chains can actually do is much smaller than the gap in valuation.
NEAR already covers the core primitives: smart contracts, DeFi, stablecoins.
then it adds things ETH doesnβt really have at the base experience level: private AI used by Venice and Brave, plus one account that can swap across 35+ chains.
and the pace matters.
ETH is still shipping too, but its biggest upgrade since the Merge slipped from H1 to Q4 and is still in testing.
NEAR has been shipping something new every couple of weeks since June. this week: tokenized stocks on near(.)com.
maybe NEAR never reaches ETHβs market cap. maybe it doesnβt happen this cycle.
but if the product gap keeps shrinking while the valuation gap stays this wide, that starts getting interesting.