Opinion: Ethereum's token market capitalization/TVL ratio is significantly inverted, far exceeding that of ecosystems like Solana, Tron, and BSC.

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%.