$SUI Ecological High FDV/TVL (FDV reaches nearly 40% of SOL peak), leading to funds being particularly sensitive to risks. Following the Cetus incident, there was a significant outflow of TVL and a sharp price drop. So what are TVL and FDV?

TVL - the value locked in the project; FDV - how much the project is worth in the future.

Risk Signal: However, if FDV exceeds 10 times TVL, it may indicate that the MEME is overvalued. ( $OM reached 730:1 before the crash in April)

Reasonable Situation: TVL and FDV grow in sync, indicating that actual value and market recognition are increasing together.

Historical Pattern: The peak of TVL often leads the market top by 3-6 months. Currently, the TVL of DeFi protocols has reached $94.6 billion, but it has not yet recovered to the historical peak of $176 billion in November 2021, so there may still be a small bull run in Bitcoin $BTC .