Rocket Pool is currently a small player among Ethereum staking solutions. However, the perfect confluence of events is on the horizon for the protocol to grow. The total amount of ETH staked should grow after The Merge and the Shanghai upgrade, increasing the opportunity for all staking providers. Rocket Pool’s share should also increase as an upcoming upgrade makes it more capital efficient. Its competitors also face headwinds that may open up further opportunities for Rocket Pool to gain market share. Assuming growth in these two key metrics, the proportion of ETH staked and Rocket Pool’s share, we value RPL at 0.032–0.04 ETH, with an upside of 100–150% from its current price.
