TOP 15 DEFI PROJECTS BY TOTAL VALUE LOCKED (TVL) / FULLY DILUTED MARKET CAP (FDMC)
TVL/FDMC ratio can give users an understanding of the long-term growth potential of a particular asset and whether it’s undervalued or overvalued. The ratio above 1 may tell us that the asset is undervalued. The higher the ratio may imply that the asset has more potential to grow in the future. We took into consideration projects with TVL>$100M.
