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![sametulutea Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2909099631.png) Samet Ulucay [@sametulutea](/creator/twitter/sametulutea) on x 29.2K followers
Created: 2025-07-12 11:58:25 UTC

While $BTC is in price discovery it's better to look closer to altcoins to notice opportunities backed by data.

I started to use Llama+ and probably you'll see these kind of comparisons from me in the next days/weeks.

$SUI vs $SEI
TVL: $2.67b / $0.73b = 3.7x
Fees (90D) = $48.24m / $7.67m = 6.3x
Revenue (90D): $14.18m / $1.59m = 8.9x
Market cap = $11.92b / $1.84b = 6.5x

✨ Seems like fees ratio gives a good insight about market cap ratio. 

Sei was undervalued for the last 2-3 months, but now it seems reached a good ratio with Sui.

It will be better to compare chains & protocols, different ratios (TVL/market cap & stablecoin inflows / market cap etc.). 

I plan to share similar graphs to notice undervalued protocols, chains, and maybe airdrop opportunities.

![](https://pbs.twimg.com/media/Gvp4hT2XsAAwHkd.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944003412040802713/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[sei](/topic/sei)
[sui](/topic/sui)
[$184b](/topic/$184b)
[$1192b](/topic/$1192b)
[$159m](/topic/$159m)
[$1418m](/topic/$1418m)
[$767m](/topic/$767m)

[Post Link](https://x.com/sametulutea/status/1944003412040802713)