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Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH’s Market Cap

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Ethereum May Be Massively Undervalued: TVL Just Surpassed ETH's Market Cap

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
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