Ethereum's market cap to total value locked (TVL) ratio suggests it is significantly undervalued compared to Solana, Tron, and BNB Chain. According to crypto influencer rip.eth, Ethereum holds 59% of the crypto market's TVL, yet its token, ETH, represents only 14% of the total crypto market cap. In comparison, Solana's market cap/TVL ratio stands at 3%/7%, Tron's at 1%/3.7%, and BNB Chain's at 4.5%/5.5%. This disparity indicates Ethereum's potential undervaluation in the current market landscape.