According to ChainCatcher, Vance Spencer, co-founder of Framework Ventures, tweeted that MKR is one of the most undervalued tokens in the crypto space, but this situation will not last long.

MKR currently captures nearly 40% of DeFi profits on Ethereum, is the third largest crypto application after ETH and SOL, and has the largest RWA holdings of all protocols. Institutions such as Blackrock are competing to allocate their portfolios.

In addition, MKR is trading at only one-third of Ondo and Ethena FDV. Founder Rune bought back tokens at the market bottom, and MKR plans to increase profitability, revenue, and stablecoin supply by launching a new L1 chain and redenomination. All VCs have sold off during the bear market, and there is no more VC selling pressure.