TRX has maintained a robust Fully Diluted Valuation (FDV) of $32.4 billion in 2025, demonstrating resilience in the decentralized finance (DeFi) sector despite market volatility. This stability highlights TRX's strong position in the industry. Conversely, XPL has experienced significant fluctuations, with its FDV plummeting from $18 billion to $3 billion before recovering to $16 billion. Analyst Sam suggests that XPL's valuation might be inflated compared to its monetization potential, stressing the need for effective execution over mere hype for sustained success in the DeFi market.