According to Odaily Odaily, crypto KOL rip.eth published an article on the X platform stating that, based on the gap between Total Value Locked (TVL) and market capitalization, Ethereum is currently the most undervalued blockchain. Ethereum holds 59% of the crypto market's TVL, but its token ETH's market capitalization only accounts for 14% of the total cryptocurrency market capitalization. In contrast, Solana's token market capitalization/TVL ratio is 3%:7%; Tron's is 1%:3.7%; and BNB Chain's is 4.5%/5.5%.
Opinion: Ethereum's token market capitalization/TVL ratio is significantly inverted, far exceeding that of ecosystems like Solana, Tron, and BSC.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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