If you're looking to invest in BTC beta plays (L1s and L2s), always check fundamental metrics.

Marketcap/TVL is a good one, providing a realistic picture of valuation adequacy.

Here are some examples:

• $CORE: 3.2x

• $STX: 17.7x

• $ETH: 5.9x

• $SOL: 11x

Coredao_Org appears to be a great solution and is, in my opinion, significantly undervalued.