Ecosystem Analysis - The report highlights a critical juncture for the 'ETH floor = ecosystem TVL' thesis, suggesting an evaluation of its validity [1]

Solana Ecosystem Analysis - Solana trades at approximately 295% of its ecosystem Total Value Locked (TVL) [1] - Stablecoin growth on Solana is accelerating [1] - Solana is the most utilized blockchain for USDC transfers [1] - PYUSD and USDG stablecoins on Solana have a combined value of approximately $165 billion [1] Company Focus - Forward Industries (FWDind) is tracking Solana's developments [1]

Solana Ecosystem Valuation - Solana trades at approximately 343% of its ecosystem TVL [1] Ecosystem Composition - Ecosystem TVL is the sum of funds deposited into applications on the chain [1] - Top applications by TVL include Circle, Kamino, JupiterExchange, and Jito_Sol [1] - Top use cases are stablecoins, lending, trading, and liquid staking [1]

RT Token Terminal 📊 (@tokenterminal)Ethereum trades at ~1.39x ecosystem TVL.Ecosystem TVL: sum of funds deposited into the applications on the chain.Top 10 apps by TVL: @Tether_to, @aave, @circle, @LidoFinance, @eigenlayer, @SkyEcosystem, @ethena_labs, @ether_fi, @pendle_fi, and @sparkdotfi. https://t.co/mSNHYZPFK1 ...

Solana trades at ~3.43x ecosystem TVL.Ecosystem TVL: sum of funds deposited into the applications on the chain.Top applications by TVL: @circle, @kamino, @JupiterExchange, and @jito_sol.Top use cases: stablecoins, lending, trading, and (liquid) staking. https://t.co/wjJ4f3wAZS ...

Valuation Metrics - Ethereum trades at approximately 1.39x ecosystem TVL [1] Ecosystem Overview - Ecosystem TVL is defined as the sum of funds deposited into applications on the Ethereum chain [1] Top Applications by TVL - The top 10 applications by TVL on Ethereum include: Tether, Aave, Circle, Lido Finance, EigenLayer, SkyEcosystem, Ethena Labs, Ether.Fi, Pendle, and Spark [1]

Ecosystem Overview - Solana 生态系统的总锁定价值 (TVL) 是链上应用程序中存入的资金总和 [1] - Token Terminal 指出 Solana 经济正在增长 [1] Top Applications by TVL - 按 TVL 排序的顶级应用程序包括 Circle, Kamino, Jupiter, Jito, Sanctum, Binance Staked SOL, Marinade, Tether, Raydium, Drift Protocol, Fluid, Meteora, Orca, PayPal, Global Dollar Network, Ondo Finance, and Securitize [1]

🔥 UPDATE: Solana is trading at around 3.7x ecosystem TVL with a $146B market cap compared to $40B in ecosystem TVL, showing significant growth momentum. https://t.co/ezBMHz4dtG ...

Solana Ecosystem Valuation - Solana's fully diluted market cap is approximately 370% of its ecosystem TVL, with a market cap of ~$146 billion and a TVL of ~$40 billion [1] User Deposit Growth - Solana apps have experienced a roughly 900% increase in user deposits since January 2024 [1] Top Applications - Key applications driving growth include KaminoFinance, DriftProtocol, and MeteoraAG [1]

Valuation Metrics - Ethereum trades at approximately 1.44x ecosystem TVL [1] - Fully diluted market cap is about $540 billion compared to roughly $374 billion in ecosystem TVL [1] Top Applications by TVL - Top 10 applications by TVL include Tether, Aave, Circle, Lido Finance, EigenLayer, SkyEcosystem, Ethena Labs, Ether Fi, Pendle Fi, and Sparkdotfi [1]