Recently, I took a look at the top five protocols by SUI TVL and found that the circulating market cap of the Scallop protocol is only over 18 million, while its TVL reaches 138M. Users have paid a total fee of 50,000 USD using the protocol in the past 24 hours. If this fee income can be maintained, the annual fee income would also reach over 18 million USD. From this perspective, isn’t the market cap undervalued? For those who want to buy SCA tokens, I suggest not to purchase directly on Binance Alpha. Instead, you can go to CetusProtocol to exchange USDC on the SUI chain for SCA, and then deposit the SCA into the Scallop protocol, which currently has an APY of up to 11%.