Layer 1 Networks and DeFi DEXes Show Lower FDV Compared to Hot Tokens like Cetus and SUI

When I look at other Layer 1 networks such as Near, Avalanche, Polygon, and TON among many others, I notice that their main decentralized exchanges tend to have lower fully diluted values (FDV). This suggests that these networks might be more undervalued or have less market hype built into their DeFi ecosystems compared to others. Additionally, tokens like Cetus, which were promoted heavily on Binance, and SUI, which gained significant hype, haven't soared as far in price as some might expect given their publicity. This indicates that despite the initial excitement, these tokens may face realistic market caps and valuation limits.