Viewpoint: Ethereum's token market cap/TVL ratio shows a significant inversion, far exceeding ecosystems like Solana, Tron, BSC, etc.

Odaily According to crypto KOL rip.eth's post on X, measured by 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 cap accounts for only 14% of the total cryptocurrency market capitalization. In contrast, Solana's token market cap/TVL ratio is 3%/7%; Tron's token market cap/TVL ratio is 1%/3.7%; BNB Chain's market cap/TVL ratio is 4.5%/5.5%.