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.
EVER-7.88%
SOL-5.2%
IN-8.78%
TOKEN-3.04%
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