📈📉A metric that could be interesting to evaluate if a token is underpriced or not is the Market Cap of the token/TVL (DeFi). I would not compare L1 with L2...they are different worlds.
⭕ L1:
🔹Ethereum: 324B (Market Cap), 57.45B (TVL) ~ 6:1
🔹Solana: 90B (Market Cap), 8.8B (TVL) ~ 10:1
🔹BNB Chain: 98B (Market Cap), 5.56B (TVL) ~ 18:1
🔹Cardano: 29B (Market Cap), 380M (TVL) ~ 76:1
🔹Tron: 21B (Market Cap), 5.96B (TVL) ~ 4:1
🔹Avalanche: 10.5B (Market Cap), 1.27B (TVL) ~ 8:1
🔹Sui: 10.2B (Market Cap), 1.44B (TVL) ~ 7:1
🔹Ton: 9.5B (Market Cap), 200M (TVL) ~ 48:1
🔹Hyperliquid: 8.7B (Market Cap), 654M (TVL) ~ 13:1
🔹Aptos: 3.5B (Market Cap), 960M (TVL) ~ 4:1
🔹Polygon: 2.8B (Market Cap), 800M (TVL) ~ 4:1
🔹Cronos: 2.45B (Market Cap), 420M (TVL) ~ 6:1
🔹Algorand: 2.38B (Market Cap), 115M (TVL) ~ 21:1
🔹Sonic: 1.9B (Market Cap), 440M (TVL) ~ 4:1
🔹Injective: 1.56B (Market Cap), 42M (TVL) ~ 37:1 1 reply
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🔹Sei Network: 1.1B (Market Cap), 184M (TVL) ~ 6:1
🔹Berachain: 630M (Market Cap), 2.70B (TVL) ~ 0.20:1
✅ Average ~ 16:1
🔴Significantly overpriced: $ADA, $TON, $INJ, $ALGO.
🟢Significantly underpriced: $BERA.
🟡A bit underpriced: $ETH, $TRX, $SUI, $APT, $POL, $CRO, $S, $SEI. $TRX however is a special case because without USDT it would not have that TVL and would not be underpriced.
⭕ L2:
🔹Arbitrum: 2.2B (Market Cap), 2.89B (TVL) ~ 0.80:1
🔹Optimism: 1.6B (Market Cap), 640M (TVL) ~ 2.5:1
🔹Starknet: 615M (Market Cap), 121M (TVL) ~ 5:1
🔹Zksync: 420M (Market Cap), 250M (TVL) ~ 2:1
🔹Manta: 157M (Market Cap), 50M (TVL) ~ 3:1
🔹Scroll: 127M (Market Cap), 110M (TVL) ~ 1:1
🔹Taiko: 124M (Market Cap), 271M (TVL) ~ 0.50:1
🔹Blast: 113M (Market Cap), 236M (TVL) ~ 0.50:1
✅ Average ~ 2:1
🔴Significantly overpriced: $STRK.
🟡A bit underpriced: $ARB, $TAIKO, $BLAST (I would never buy Blast anyway given the unlocks for various airdrops). 0 reply
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