[Data] Mainstream public chain ecosystem data and comparison, searching for undervalued ecosystems.

The only direct factor that influences the price of a coin is the ecosystem. Technology, products, financing, teams... none of these are direct factors affecting the price of a coin; these factors must indirectly influence the price of a coin by advancing the ecosystem.

◆The ratio of the comprehensive FDV to two TVL indicators, FDV/DefiTVL and FDV/Total TVL, shows that the lowest is Arbitrum($ARB). From the TVL perspective, the most undervalued is $ARB. Next are Polygon($POL) and Sonic($S), which are relatively undervalued.

◆The ratio of comprehensive FDV to 2 Defi indicators shows that Polygon($POL), Arbitrum($ARB), and Sonic($S) are relatively undervalued.

◆Based on the ratio of comprehensive FDV to 2 active addresses, NEAR($NEAR), Aotos($APT), and Polygon($POL) are relatively undervalued.

◆The ratio of comprehensive FDV to two on-chain fees indicates that TRON($TRX) is relatively undervalued compared to Solana($SOL).

◆ Observe the ratio of FDV/Contract Developers, with Polygon($POL) having the lowest ratio, followed by Optimism($OP), Arbitrum($ARB), and Sonic($S), which are relatively undervalued. Core developers of public chains are at the technology layer, while contract developers are at the ecological layer. Contract developers may influence the future public chain ecology through the development of contracts and product implementations.

Overall, there is a possibility that the values of $POL, $ARB, and $S are undervalued.

◆Aptos has impressive ecological data, and in comparison, it has a larger number of active addresses on-chain.
◆The value realization of SUI is relatively good, with a high ratio of FDV to various indicators.
◆Compared to the Move language chain, @Aptos $APT may be undervalued.

◆The TVL scale on Avalanche and Sei chains is considerable, but the former has relatively few active users on the chain, while there is very little data available for Sei.

◆In contrast to Near, the number of active addresses on-chain is high, but the DeFi TVL and the number of protocols are relatively small.