Ethereum's Valuation Discrepancy Highlights Potential Undervaluation

According to Odaily, crypto influencer rip.eth shared insights on the X platform, suggesting that Ethereum is currently the most undervalued blockchain when assessed by the gap between total value locked (TVL) and market capitalization. Ethereum accounts for 59% of the crypto market's TVL, yet its token, ETH, represents only 14% of the total cryptocurrency market capitalization. In comparison, Solana's token market cap to TVL ratio stands at 3%/7%, Tron at 1%/3.7%, and BNB Chain at 4.5%/5.5%.