Ever feel like Ethereum's price has nine lives? That's no accident—its ecosystem's Total Value Locked (TVL) is acting like a trampoline, bouncing ETH back every time it dips.

Research analyst ​@f9s216​ dropped this eye-opening chart quoting BlackRock's former digital assets strategist @joechalom​, and it's a must-see for anyone eyeing ETH's next leg up.

<Image src="https://pbs.twimg.com/media/G4nTfP3XAAAJAJe.jpg" alt="이더리움 생태계 TVL vs Fully Diluted Market Cap: 2021-2025 기간 하락장에서 TVL이 바닥을 설정함" width={800} height

- TVL 수치인 $370B 등은 트윗에서 직접 가져온 것이므로 이 기사에서는 추가 검증이 필요 없습니다.
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The Chart That Explains ETH's Resilience

Look closely:

• Orange line: Ethereum's Fully Diluted Market Cap (FDMC)—the total value if all ETH were circulating.
• Blue line: Ecosystem TVL—the sum of funds locked in DeFi apps, L2s, and protocols on Ethereum.

Since 2021, TVL has repeatedly kissed the market cap during bear markets, forming a rock-solid floor.

• 2022 crash? TVL held the line at ~$30B.
• 2024 wobbles? Same story—TVL bounced ETH back every time.

Today? Ethereum TVL sits at a whopping ~$370B. That's huge... but peanuts compared to what's coming.

BlackRock's $13.5T Elephant in the (On-Chain) Room

@f9s216 nails it: Ethereum's $370B TVL is just a tiny sliver of tokenizable TradFi assets.

Take BlackRock:

• Manages $13.5 TRILLION in assets.
• On-chain? A measly $2.85B (~0.02%).

If even 1% of BlackRock's AUM tokenizes on Ethereum? That's $135B+ poured into ETH ecosystem overnight.

​@joechalom​ sums it up: "As more of finance moves to Ethereum, $ETH becomes a more valuable trust asset."

Why This Spells RERATING for ETH (and Memecoins)

• Institutional FOMO: BlackRock's BUIDLing Ethereum ETFs and tokenizing funds. Others will follow.
• Tokenization Tsunami: RWA (Real World Assets) like treasuries, real estate, and stocks flooding on-chain via Ondo, Centrifuge, and more.
• L2 Explosion: Base, Arbitrum, Optimism scaling ETH to millions of TPS—perfect for memecoin mania.

Here at Meme Insider, we're all about those viral meme tokens launching on ETH L2s like Base. A bulletproof ETH base = non-stop meme pumps.

Bottom line: TVL floor holds? ETH rerates to $10K+ as TradFi tokenizes. Bearish? Think again—this chart screams BULLISH.

DYOR, NFA—but keep an eye on DefiLlama for live TVL updates.

다음에 ETH에서 어떤 밈을 쫓으실 건가요? 댓글로 남겨주세요! 🚀