Metcalfe's law state that the value of a communications network is proportional to the square of the number of its users. Remember that the number of HEX holders and HEX stakers are also themselves functions of time.
So, mathematically, we can say:
The first chart below plots these two functions for HEX, h(t) and s(t), against the historical chart of Ethereum's adoption (ETH holders over time). Given HEX's general overperformance vs. ETH on many metrics and across many timescales, one can perhaps take this as a fair or conservative model to the potential of HEX value appreciation via network effects.
The second chart below plots the first derivative (a.k.a. rate of change; slope; velocity) of HEX stakers over time
Long term HEX investors can monitor the HEX adoption rate over time. Historically, we've seen that the amount of HEX holders and HEX stakers both trend up over time.
Gerardo - @gerawrdog