What are the main drivers of Ethereum’s market value?

The main ones that stick out for me are:

Eth as a commodity. This is because of gas fees and the fact that you need Eth to operate on the blockchain. This is still dependent on actual Ethereum block chain use though.

Eth as a consensus (and hence interest bearing) asset. With PoS going live soon, and already you are able to earn about 6% on your Eth. The value returns of staking will see a greater demand for holders post merge.

Any other big value drivers?