Franklin Templeton: Solana DeFi token valuation is undervalued, with 'asymmetric value' compared to Ethereum storage

BlockBeats news, on March 6th, according to CoinDesk, Franklin Templeton pointed out in his report on Tuesday that the growth rate of Solana DeFi ecosystem far exceeds that of Ethereum, and its revenue is also higher, but its token valuation is still significantly low, and there is a phenomenon of "value asymmetry". The report compares the leading DeFi projects in Solana and Ethereum ecosystems. Data shows that the Solana project has an average annual fee growth of 2400%, with a valuation multiple of only 9x, while Ethereum's related projects have a fee growth of only 150%, with a valuation multiple of up to 18x. The report further points out that DeFi may be entering a new era dominated by Solana virtual machines (SVM), and the historical dominance of Ethereum virtual machines (EVM) in the DeFi field is facing challenges. Nevertheless, Franklin Templeton remains optimistic about the long-term development of Ethereum, believing that its Layer 2 solution scaling strategy has made progress, driving the scalability of the entire network. However, in terms of market pricing, the value mismatch of Solana DeFi tokens may not persist in the long term. As the Solana ecosystem continues to demonstrate its resilience on decentralized computing platforms, the market may gradually adjust its valuation to align Solana's leading DeFi project prices with Ethereum's blue chip agreement.