{"id":16370,"date":"2025-03-05T20:17:17","date_gmt":"2025-03-05T20:17:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16370"},"modified":"2025-03-05T20:17:17","modified_gmt":"2025-03-05T20:17:17","slug":"solana-defi-tokens-undervalued-compared-to-ethereums-says-franklin-templeton","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16370","title":{"rendered":"Solana DeFi Tokens Undervalued Compared to Ethereum&#8217;s, Says Franklin Templeton"},"content":{"rendered":"<div>\n<p>Solana&#8217;s bustling decentralized finance (DeFi) scene is growing faster than Ethereum&#8217;s, and making more money too. And yet, Franklin Templeton pointed out in a Tuesday report, its tokens are worth less. <\/p>\n<p>&#8220;Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles, highlighting an apparent valuation asymmetry,&#8221; the report said.<\/p>\n<p>Franklin Templeton compared tokens of five leading ETH projects (LDO, AAVE, ENA, MKR and UNI) to those of five of Solana&#8217;s strongest protocols (JTO, JUP, KMNO, MNDE and RAY). The Solana projects saw 2,400% median growth in fees year over year, and a median multiple of 9x, whereas the Ethereum projects were up only 150%, and a multiple of 18x.<\/p>\n<p>The trends come after a year of torrid growth for Solana. Memecoin traders in particular powered the network&#8217;s decentralized exchanges to new heights in 2024. In January 2025 Solana&#8217;s DEXes had more volume than those of the entire Ethereum ecosystem, combined.<\/p>\n<p>&#8220;DeFi may be entering an era of Solana Virtual Machine Dominance, shifting away from the historical reign of EVM based DeFi,&#8221; the report said. <\/p>\n<p>That&#8217;s not to say the Ethereum mainnet is finished. To the contrary, Franklin Templeton said the shift in activity to layer 2 blockchains &#8220;is proof that the Ethereum scaling approach is hitting its stride.&#8221;<\/p>\n<p>But the asymmetry between Ethereum&#8217;s highly valued assets and Solana&#8217;s comparatively undervalued tokens may not last.<\/p>\n<p>&#8220;As Solana continues to demonstrate its resilience as a decentralized computing platform, the market may soon price blue-chip, cornerstone Solana DeFi protocols in line with comparable Ethereum protocols.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana&#8217;s bustling decentralized finance (DeFi) scene is growing faster than Ethereum&#8217;s, and making more money too. And yet, Franklin Templeton pointed out in a Tuesday report, its tokens are worth less. &#8220;Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles, highlighting an apparent valuation asymmetry,&#8221; the report [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16370","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16370"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16370\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}