How Do Different Valuation Models like the Stock-to-Flow Model Compare to Metcalfe’s Law for Crypto?

Stock-to-Flow (S2F) models value an asset based on its scarcity, comparing the existing supply (stock) to the annual production (flow). Metcalfe's Law values it based on network utility and size.

S2F is often applied to scarce assets like Bitcoin, focusing on supply-side economics. Metcalfe's Law is utility-focused, applicable to any network.

They offer complementary views: S2F for scarcity, Metcalfe's for adoption.