Is Solana undervalued?

"Is Solana undervalued?" is a subjective judgment, not a fact I can confirm either way — but here's the data and the standard ways people frame that question.

Market snapshot (live)

• Price: $107.29 (+3.4% in 24h)
• Market cap: ~$62.8B — #7 overall
• 24h volume: ~$2.3B
• Funding rate (per Binance Futures): +0.0039% — mild long bias, not extreme
• Open interest (per Binance Futures): ~$8.5M

The "undervalued" case (factual angles)

• Solana is a top-tier Layer 1 — a high-throughput PoS chain with Proof-of-History, sub-second finality, and near-zero fees. By market cap it sits right at #7, just inside the large-cap tier, which is where you'd expect a first-tier L1.
• The 24h change and slightly positive funding suggest the market is leaning bullish short-term, and sentiment data shows ~86% of tracked sentiment up.
• One common framing: compare SOL's market cap against other top L1s (Ethereum, BNB) — whether its throughput and ecosystem justify a closer gap is a legitimate analysis, but the "right" multiple depends on assumptions about adoption and fees.

The cautionary angles

• "Undervalued" is inherently a prediction about future price, and no tool here returns a fair-value estimate. Valuation arguments rest on forward-looking assumptions (network growth, fee revenue, macro) that can't be verified with current data.
• Circulating supply (~585M SOL) is below total supply (~633M), meaning some supply is not yet circulating — relevant when weighing dilution.

The bottom line: The data shows Solana as a large-cap L1 trading at a specific price with real momentum, but whether that's "cheap" or "expensive" is your call to make. I can't and won't tell you to buy it.

If you want, I can pull a side-by-side comparison of SOL vs. other large-cap L1s (ETH, BNB, etc.) on market cap, volume, and 24h movement so you can judge for yourself.

SOL trades on all the major venues, e.g. Binance, OKX, Bybit.