Have you seen that tweet from Alvaro_SR_23 on X? It's making waves in the crypto community, showing a chart from Alea Research that points out Aave's valuation multiples hitting rock bottom. If you're into meme tokens, this might seem like it's from another corner of the crypto universe, but stick with me—there's a connection worth exploring.

First off, let's break down what the chart is saying. Aave, one of the big players in decentralized finance (DeFi), has its price-to-fees (P/F) and price-to-sales (P/S) ratios based on fully diluted value (FDV) at their lowest points ever. FDV is basically the market cap if all tokens were in circulation, and these multiples are like stock market metrics that show how the token's price stacks up against the protocol's revenue or fees generated. In simple terms, Aave looks super cheap right now compared to the value it's creating.

The data's as of November 14, 2025, and it comes from reliable sources like Alea Research and Token Terminal. The lines on the chart show a downward trend since late 2022, dipping below average levels, with a note about a 50% drop from the average P/F (FDV).

Now, why should meme token fans care? Meme tokens thrive on hype, community, and sometimes sheer speculation, but they're part of the broader blockchain ecosystem. When DeFi protocols like Aave are undervalued, it could signal a buying opportunity for savvy investors. Imagine using Aave to borrow assets cheaply and then flipping them into hot meme tokens. Or, if Aave stages a comeback—and history shows DeFi can bounce back hard—it could pump liquidity into the entire market, giving meme tokens a lift too.

Think about it: during the last bull run, DeFi led the charge before memes exploded. If Aave's low valuations attract institutional money or spark new innovations, like integrating more meme-friendly features, it could create crossover opportunities. For instance, Aave already supports a bunch of assets; maybe we'll see more meme tokens as collateral in the future.

On the flip side, this highlights the contrast between utility-driven tokens like AAVE and pure meme plays. While Aave generates real fees from lending and borrowing, many meme tokens rely on viral moments. But in a market where fundamentals are ignored for memes, spotting undervalued gems like Aave could be a smart hedge.

If you're building your knowledge base on meme tokens, keep an eye on DeFi trends—they often set the stage for the next big meme narrative. Check out the original tweet here for the full chart and join the discussion.

What do you think? Is Aave poised for a rebound that could benefit meme tokens, or is DeFi old news? Drop your thoughts in the comments!