‘Overvalued’ Solana’s indicators seemed to indicate the arrival of market bears On the contrary, SOL’s demand across the derivatives market increased TK Ventures and CoinWire’s data revealed that Solana [SOL] is now the most overvalued blockchain. This was determined using the market capitalization/TVL metric. When a network’s market cap to TVL ratio is above 1.0,
![Why Solana’s [SOL] recent gains might be undercut by this metric’s findings](https://images.cryptocompare.com/news/default/ambcrypto.png "Why Solana’s [SOL] recent gains might be undercut by this metric’s findings")
