Odaily Planet News: Crypto KOL rip.eth posted 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 TVL in the crypto market, yet its token ETH accounts for only 14% of the total crypto market cap. In contrast, Solana's token market cap/TVL ratio is 3%/7%; Tron's token market cap/TVL ratio is 1%/3.7%; and BNB Chain's market cap/TVL ratio is 4.5%/5.5%.
Ethereum's Token Market Cap to Total Value Locked (TVL) ratio is significantly undervalued compared to Solana, Tron, and BSC.
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Summary
Market news shows that Ethereum remains significantly undervalued compared to Solana, Tron, and BNB Chain. A crypto KOL on X noted that Ethereum holds 59% of total value locked (TVL) but only accounts for 14% of the crypto market cap. Solana's token market cap/TVL ratio is 3%/7%, Tron's is 1%/3.7%, and BNB Chain's is 4.5%/5.5%. This crypto market update highlights a major valuation gap among the top blockchains.
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