{"id":49453,"date":"2026-07-09T17:42:27","date_gmt":"2026-07-09T17:42:27","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/"},"modified":"2026-07-09T17:42:27","modified_gmt":"2026-07-09T17:42:27","slug":"ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ja\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/","title":{"rendered":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#8217;s Market Cap"},"content":{"rendered":"<table>\n<tr>\n<td> <a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/1urxdhe\/ethereum_may_be_massively_undervalued_tvl_just\/\"> <img decoding=\"async\" src=\"https:\/\/preview.redd.it\/2dph0aboq8ch1.png?width=140&amp;height=140&amp;crop=1:1,smart&amp;auto=webp&amp;s=f7fde394fc9a15ca32cc0b261b0417c86e765647\" alt=\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&apos;s Market Cap\" title=\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&apos;s Market Cap\" \/> <\/a> <\/td>\n<td> <!-- SC_OFF -->\n<div class=\"md\">\n<blockquote>\n<p>Ethereum seems highly undervalued!<\/p>\n<p>For the first time in history, the value locked ON Ethereum is bigger than the value OF Ethereum itself!<\/p>\n<p>ETH fully diluted market cap: ~$210B Total value locked: ~$260B The blue area just crossed above the orange line<\/p>\n<p>The economy running on the chain now outweighs the asset securing it.<\/p>\n<p>That has never happened before, not even in the depths of 2022!<\/p>\n<p>Either the Ethereum economy is overbuilt, or ETH is underpriced.<\/p>\n<\/blockquote>\n<p>Source: <a href=\"https:\/\/x.com\/LeonWaidmann\/status\/2075078498562044023\">https:\/\/x.com\/LeonWaidmann\/status\/2075078498562044023<\/a><\/p>\n<\/div>\n<p><!-- SC_ON -->   submitted by   <a href=\"https:\/\/www.reddit.com\/user\/kirtash93\"> \/u\/kirtash93 <\/a> <br \/> <span><a href=\"https:\/\/www.reddit.com\/gallery\/1urxdhe\">[link]<\/a><\/span>   <span><a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/1urxdhe\/ethereum_may_be_massively_undervalued_tvl_just\/\">[comments]<\/a><\/span> <\/p><\/td>\n<\/tr>\n<\/table>","protected":false},"excerpt":{"rendered":"<p>Ethereum seems highly undervalued! For the first time in history, the value locked ON Ethereum is bigger than the value OF Ethereum itself! ETH fully diluted market cap: ~$210B Total value locked: ~$260B The blue area just crossed above the orange line The economy running on the chain now outweighs the asset securing it. That has never happened before, not even in the depths of 2022! Either the Ethereum economy is overbuilt, or ETH is underpriced. Source: https:\/\/x.com\/LeonWaidmann\/status\/2075078498562044023 submitted by \/u\/kirtash93 [link] [comments]<\/p>\n","protected":false},"author":1,"featured_media":49455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#039;s Market Cap - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ja\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#039;s Market Cap - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Ethereum seems highly undervalued! For the first time in history, the value locked ON Ethereum is bigger than the value OF Ethereum itself! ETH fully diluted market cap: ~$210B Total value locked: ~$260B The blue area just crossed above the orange line The economy running on the chain now outweighs the asset securing it. That has never happened before, not even in the depths of 2022! Either the Ethereum economy is overbuilt, or ETH is underpriced. Source: https:\/\/x.com\/LeonWaidmann\/status\/2075078498562044023 submitted by \/u\/kirtash93 [link] [comments]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/ja\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-09T17:42:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/preview.redd.it\/2dph0aboq8ch1.png?width=140&amp;height=140&amp;crop=1:1,smart&amp;auto=webp&amp;s=f7fde394fc9a15ca32cc0b261b0417c86e765647\" \/>\n<meta name=\"author\" content=\"cryptd.in\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"cryptd.in\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/\"},\"author\":{\"name\":\"cryptd.in\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/person\\\/7973e8183bc6723b86adfe84d5af0ce4\"},\"headline\":\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#8217;s Market Cap\",\"datePublished\":\"2026-07-09T17:42:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/\"},\"wordCount\":99,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/2dph0aboq8ch1-PEn0lB.png\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/\",\"name\":\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH's Market Cap - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/2dph0aboq8ch1-PEn0lB.png\",\"datePublished\":\"2026-07-09T17:42:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/2dph0aboq8ch1-PEn0lB.png\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/2dph0aboq8ch1-PEn0lB.png\",\"width\":140,\"height\":140},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#8217;s Market Cap\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/person\\\/7973e8183bc6723b86adfe84d5af0ce4\",\"name\":\"cryptd.in\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/litespeed\\\/avatar\\\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/litespeed\\\/avatar\\\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/litespeed\\\/avatar\\\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937\",\"caption\":\"cryptd.in\"},\"sameAs\":[\"http:\\\/\\\/cryptd.in\"],\"url\":\"https:\\\/\\\/cryptd.in\\\/ja\\\/author\\\/cryptd-in\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH's Market Cap - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/ja\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/","og_locale":"ja_JP","og_type":"article","og_title":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH's Market Cap - cryptd.in","og_description":"Ethereum seems highly undervalued! For the first time in history, the value locked ON Ethereum is bigger than the value OF Ethereum itself! ETH fully diluted market cap: ~$210B Total value locked: ~$260B The blue area just crossed above the orange line The economy running on the chain now outweighs the asset securing it. That has never happened before, not even in the depths of 2022! Either the Ethereum economy is overbuilt, or ETH is underpriced. Source: https:\/\/x.com\/LeonWaidmann\/status\/2075078498562044023 submitted by \/u\/kirtash93 [link] [comments]","og_url":"https:\/\/cryptd.in\/ja\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/","og_site_name":"cryptd.in","article_published_time":"2026-07-09T17:42:27+00:00","og_image":[{"url":"https:\/\/preview.redd.it\/2dph0aboq8ch1.png?width=140&amp;height=140&amp;crop=1:1,smart&amp;auto=webp&amp;s=f7fde394fc9a15ca32cc0b261b0417c86e765647","type":"","width":"","height":""}],"author":"cryptd.in","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"cryptd.in"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#article","isPartOf":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/"},"author":{"name":"cryptd.in","@id":"https:\/\/cryptd.in\/#\/schema\/person\/7973e8183bc6723b86adfe84d5af0ce4"},"headline":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#8217;s Market Cap","datePublished":"2026-07-09T17:42:27+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/"},"wordCount":99,"commentCount":0,"publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"image":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2026\/07\/2dph0aboq8ch1-PEn0lB.png","articleSection":["Feeds"],"inLanguage":"ja","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/","url":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/","name":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH's Market Cap - cryptd.in","isPartOf":{"@id":"https:\/\/cryptd.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#primaryimage"},"image":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2026\/07\/2dph0aboq8ch1-PEn0lB.png","datePublished":"2026-07-09T17:42:27+00:00","breadcrumb":{"@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#primaryimage","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2026\/07\/2dph0aboq8ch1-PEn0lB.png","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2026\/07\/2dph0aboq8ch1-PEn0lB.png","width":140,"height":140},{"@type":"BreadcrumbList","@id":"https:\/\/cryptd.in\/ethereum-may-be-massively-undervalued-tvl-just-surpassed-eths-market-cap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptd.in\/"},{"@type":"ListItem","position":2,"name":"Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH&#8217;s Market Cap"}]},{"@type":"WebSite","@id":"https:\/\/cryptd.in\/#website","url":"https:\/\/cryptd.in\/","name":"\u30af\u30ea\u30d7\u30c8\u30c9\u30c3\u30c8\u30a4\u30f3","description":"\u6697\u53f7\u306b\u5f37\u3044\u4eba\u6750\u306e\u305f\u3081\u306e\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u30fb\u30ea\u30f3\u30af\u30c8\u30a4\u30f3","publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptd.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Organization","@id":"https:\/\/cryptd.in\/#organization","name":"\u30af\u30ea\u30d7\u30c8\u30c9\u30c3\u30c8\u30a4\u30f3","url":"https:\/\/cryptd.in\/","logo":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","width":900,"height":900,"caption":"cryptd.in"},"image":{"@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptd.in\/#\/schema\/person\/7973e8183bc6723b86adfe84d5af0ce4","name":"\u30af\u30ea\u30d7\u30c8\u30c9\u30c3\u30c8\u30a4\u30f3","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/cryptd.in\/wp-content\/litespeed\/avatar\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937","url":"https:\/\/cryptd.in\/wp-content\/litespeed\/avatar\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937","contentUrl":"https:\/\/cryptd.in\/wp-content\/litespeed\/avatar\/0b38230b9c4987de71d8ea131b2d0c60.jpg?ver=1783446937","caption":"cryptd.in"},"sameAs":["http:\/\/cryptd.in"],"url":"https:\/\/cryptd.in\/ja\/author\/cryptd-in\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/posts\/49453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/comments?post=49453"}],"version-history":[{"count":0,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/posts\/49453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/media\/49455"}],"wp:attachment":[{"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/media?parent=49453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/categories?post=49453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptd.in\/ja\/wp-json\/wp\/v2\/tags?post=49453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}