Odaily News Vance Spencer, co-founder of Framework Ventures, wrote on the X platform that MKR is one of the most undervalued tokens in the crypto space, but this situation will not last long and may usher in a revaluation. MKR currently captures nearly 40% of DeFi profits on Ethereum, is the third largest crypto application after ETH and SOL, and has the largest RWA holdings of all protocols. Institutions such as Blackrock are competing to configure their portfolios. In addition, MKR is trading at only one-third of Ondo and Ethena FDV. Founder Rune repurchased the tokens at the bottom of the market. MKR plans to increase profitability, revenue, and stablecoin supply by launching a new L1 chain and re-pricing. All venture capital has sold off during the bear market, and there is no longer any pressure for venture capital to sell.