One of the first protocols I ever used on Solana was @MarinadeFinance, and that was over 4 years ago. It’s a great example of a project where the Mcap is completely disconnected from the TVL. $2B in TVL, but only $47M in Mcap. Now, they’re finally making moves to bring valuation closer to fundamentals: + 50% of all revenue will be used for token buybacks starting in September + A proposal to burn 10% of the total supply is coming + First staking provider ever to be included in a US ETF S-1 filing The gap between value and price might not last much longer.
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