The most undervalued tokens in DeFi right now aren't memecoins - they're blue-chip protocols with MASSIVE TVL but tiny market caps The Math is Insane: > $PENDLE: $13.3B TVL vs $793M mcap (0.06 ratio) 📊 > $EIGEN: $18.5B TVL vs $581M mcap (0.031 ratio) 🔄 > $LDO: $35.4B TVL vs $1.06B mcap (0.028 ratio) 💧 Why this matters: MCAP/TVL ratios under 1.0 = undervalued. These three are trading at 3-6% of their TVL. Think of it like finding banks with $10B in deposits but $500M stock value. The market hasn't priced in their dominance yet. What they do: @pendle_fi: Tokenizes future yields (yield trading explosion) @eigenlayer: ETH restaking (securing 70% of all restaked ETH) @LidoFinance: Liquid staking king (dominates ETH staking w/ $35B+) The Setup: As DeFi 2.0 heats up and institutions pile in, these infrastructure plays with massive real usage could see their token prices finally catch up to their TVL dominance. Risk: Complex products, regulatory uncertainty, but the fundamentals...
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