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Franklin Templeton: Solana DeFi token is undervalued and "asymmetric in value" compared to Ethereum

According to online reports, Franklin Templeton pointed out in a report on Tuesday that the Solana DeFi ecosystem is growing much faster than Ethereum and has higher revenue, but its token valuation is still significantly low and there is "value asymmetry" phenomenon. The report compares Solana and Ethereum, two leading DeFi projects in the ecosystem. Data shows that the average annual fee of the Solana project has increased by 2400%, with a valuation multiple of only 9x, while the fee of Ethereum-related projects has increased by only 150%, but the valuation multiple is as high as 18x. The report further pointed out that DeFi may be entering a new era dominated by Solana Virtual Machines (SVM), and the Ethereum Virtual Machines (EVM)'s historical dominance in the DeFi field is facing challenges. Despite this, Franklin Templeton remains optimistic about Ethereum's long-term development, believing that its expansion strategy for Layer 2 solutions has made progress, promoting the scalability of the entire network. However, in terms of market pricing, the value mismatch of Solana DeFi tokens may not last for a long time. As the Solana ecosystem continues to demonstrate its resilience on decentralized computing platforms, the market may gradually adjust its valuation to give Solana a lead over DeFi. The price of the project is in line with Ethereum's blue chip protocol.

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