As can be seen from the data, both @RaydiumProtocol and @ProjectSerum are now achieving a relatively fair value. With both TVL ratios nearly 0.5, they still have room to grow but not so fast.
Especially Saber, with the market nearly tripled in comparison with Solfarm, but the TVL ratio is just 50% of the project. This showed the money flow is now being attracted by Saber more than ever.
Sunny has the smallest ratio among all. With a ratio of 0.00916 and mkt cap of $12M, this project is a true gem in the Solana ecosystem. The ratio might be reduced when the hype or market went through.
Even in that scenario, the TVL of Sunny had to drop down by 75%, making the ratio the same with Solfarm, (in expectation of mkt cap is unchanged). The chance of happening this event becomes relatively small.
As time grows, I believe Sunny will become a giant in the Solana ecosystem. Let's wait to see whether my forecast is true or not.
Like many researches, this only show researcher's opinion, Not Financial Advice
Lately, @Saber_HQ and @Allbridge_io have together connected @solana to many other blockchains for the flow of the stable coin. Until now, numerous stable coin appeared on Solana, mostly through the pool on Saber