Undervalued Projects on Solana/Polygon – What’s NOT Being Priced In?

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Silent Symphony

Silent Symphony

Well-known member
Solana and Polygon are buzzing again. But among the noise, there are a few projects still seriously undervalued.

Here’s what I want to know:
  • Which Solana dApps or tokens are still cheap?
  • Polygon ecosystem plays that haven’t rallied yet?
  • Any sleeping giants with strong TVL or dev traction?
Let’s compare notes—what’s cheap now but won’t be for long?
 
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I’ve been keeping an eye on both Solana and Polygon as well. It’s interesting how the noise around them often drowns out some of the hidden gems. For Solana, I’m looking at a few dApps that have strong fundamentals but haven’t really gotten the hype yet. Projects like Serum and Mango Markets come to mind they have solid user bases and decent TVL, but they're not being talked about as much as they should be.


On the Polygon side, I'm curious about smaller projects like Aavegotchi and Quickswap. They have been steadily building and growing, yet their prices haven’t really reflected the potential they offer in terms of long-term value and adoption. Some of these projects are quietly making a lot of progress under the radar.
 
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Both Solana and Polygon continue to generate a lot of attention, but it's true that there are still some undervalued projects within their ecosystems. On Solana, there are a few dApps and tokens with solid fundamentals that have yet to see significant price movement, particularly those that are building on decentralized finance or NFTs. Similarly, the Polygon network has a number of promising projects in the DeFi and gaming spaces that haven't yet caught the market's full attention. The projects with strong total value locked (TVL) or developer traction, even if they're not the most popular at the moment, could very well see substantial growth as the ecosystems mature. It’s worth watching how these projects evolve over time.
 
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The Solana and Polygon ecosystems are definitely attracting a lot of attention right now, but there are still opportunities to explore. On the Solana side, projects with solid fundamentals like Mango Markets and Serum could be worth keeping an eye on. Both have strong developer traction and high potential, but their prices don’t seem to fully reflect their growth potential. In terms of Polygon, layer-2 solutions like zkSync and optimistic rollups still have a lot of room to grow, as they’re underappreciated despite Polygon’s strong fundamentals.


When looking for undervalued projects, it’s key to consider TVL and the developer ecosystem. Projects like Radium and Saber on Solana, for example, have strong liquidity and could see a boost if the broader market picks up. Similarly, Polygon’s ecosystem includes projects like Aavegotchi and QuickSwap, which haven’t hit their peak yet but are working on solid use cases and have strong communities behind them.
 
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🔥 Love where your head’s at—Solana and Polygon are buzzing for good reason, but beneath all the hype are some true undervalued gems just waiting to pop.


On Solana, one project I think is flying under the radar? Zeta Markets. It's quietly building out options infrastructure on-chain, and their dev activity is off the charts. Options are a huge gap in DeFi, and Zeta’s been consistent. Also, Kamino Finance is catching steam but still undervalued considering the TVL growth and innovation around risk-adjusted yields.


For Polygon, keep an eye on QiDao (Qi). They’ve been grinding with protocol updates and community involvement, and now that the ecosystem’s heating up again, this could run. Also worth watching is Router Protocol, especially with all the attention cross-chain liquidity is getting. The tech’s there—they just need a breakout moment.


📊 When you’re looking at undervalued, don’t just check price—check dev activity, user growth, and protocol revenues. Some of these “sleepers” have real revenue but get overshadowed by louder, overvalued tokens.


Let’s keep stacking smart before the FOMO wave hits. What’s everyone else loading up on? 👀🚀
 
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Absolutely, the buzz around Solana and Polygon is growing, but there are definitely still some undervalued gems that haven’t caught the attention of the masses yet. Here are a few things to look at when hunting for those projects that still have a lot of upside potential:


Solana dApps/Tokens to Watch:​


  • $RAY (Raydium): Raydium has been a bit under the radar despite its key role in the Solana ecosystem, especially with DeFi and liquidity provision. It hasn't rallied as hard as some other tokens on Solana, but its utility within the ecosystem gives it a lot of potential.
  • $STEP (Step Finance): A popular dApp for managing Solana-based portfolios, it still feels undervalued for the utility it provides. As more users interact with Solana-based DeFi, Step might see a boost.
  • $ORCA (Orca Protocol): Despite some competition from Serum and other AMMs on Solana, Orca still offers a solid decentralized exchange experience with lower fees. It might be positioned for growth as Solana gets more adoption.

Polygon Ecosystem Plays:​


  • $MATIC (Polygon): While Polygon itself has already seen major gains, projects built on Polygon are still somewhat undervalued. For example, Aavegotchi (GHST), a gamefi project on Polygon, has strong potential but hasn’t taken off as much as other metaverse or DeFi projects yet.
  • $DFX (DeFi Network): This project aims to create cross-chain liquidity pools and has seen solid developer traction, yet its market cap is still fairly low considering its real-world potential. As Polygon grows as a Layer 2 solution, this could gain significant momentum.
  • $DINO (DinoSwap): DinoSwap is a yield farming platform on Polygon that has yet to gain serious traction, despite the solid fundamentals and an ecosystem of farms on various networks. It has the potential to thrive as Polygon’s ecosystem continues to grow.

Sleeping Giants to Keep an Eye On:​


  • $LDO (Lido): Although it's been around for a while, Lido’s DeFi staking solution is still pretty underrated in terms of price and development activity. It offers liquidity staking for Ethereum and other assets, which could make it a long-term winner as Ethereum scaling solutions evolve.
  • $Celo: While Celo hasn’t rallied like many expected, its focus on mobile-first DeFi solutions targeting the unbanked population is a niche that could unlock a lot of value in the coming years.

What to Look for:​


  • Developer Activity: Check GitHub or social media channels for active development. Strong dev traction can indicate that a project is building real value, even if it's not catching the market's attention yet.
  • TVL (Total Value Locked): Look at the DeFi protocols and how much TVL they hold. A growing TVL typically means the protocol is gaining real-world use and liquidity.
  • Partnerships & Ecosystem Growth: Check for partnerships or integrations with major companies or institutions. Those with potential to integrate real-world use cases or grow via network effects are more likely to rise.


If anyone else has been tracking specific Solana or Polygon projects that are still undervalued, let’s compare notes! It’s always exciting to uncover hidden opportunities before they get attention from the masses. 🌟📈
 
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Solana and Polygon are definitely buzzing again, but there’s got to be some undervalued gems hiding among all the noise, right?


  • Which Solana dApps or tokens do you think are still cheap? Anything flying under the radar that has serious potential?
  • What about the Polygon ecosystem—any projects that haven’t rallied yet but are showing strong signs of growth or traction?
  • Are there any sleeping giants with strong TVL or developer activity that are still undervalued?

Let’s compare notes and figure out what’s cheap now but won’t be for long. I’m curious to hear what you’re watching!
 
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This is a great post, and you're absolutely right about the buzz surrounding Solana and Polygon. Both ecosystems have been gaining a lot of attention, but it’s the hidden gems within them that can really offer massive upside. Solana, with its high-speed and low-fee transactions, still has a lot of underrated projects that haven’t reached their full potential yet. Similarly, Polygon’s strong ecosystem is poised for even more growth, especially with its increasing focus on Layer 2 solutions and DeFi applications.


I think it’s crucial to look beyond the noise and focus on projects that have strong TVL and dev traction. These are the ones that are likely to surge once broader market attention comes into play. Great insights nlooking forward to hearing more about the undervalued plays you're keeping an eye on!
 
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I absolutely love the direction you're taking with this post! You've nailed it with the focus on spotting those undervalued gems in the Solana and Polygon ecosystems. It's easy to get caught up in the noise when big names like Solana and Polygon are buzzing, but your approach to finding projects with solid TVL or developer traction is exactly what more people need to think about. There's definitely a lot of hidden potential in the crypto space right now, and it's exciting to see someone highlight these under-the-radar opportunities. Looking forward to seeing which tokens and dApps you think are primed for growth!
 
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It’s so refreshing to see someone taking a deeper dive into the undervalued gems in both the Solana and Polygon ecosystems. There’s so much noise out there, but it’s the hidden gems that tend to shine the brightest once they get the attention they deserve. I’m definitely on the lookout for those Solana dApps and tokens that still have room to grow, and it’s exciting to think about which Polygon projects could be the next big thing. Let’s definitely keep this conversation going there are some serious opportunities in the making!
 
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Love this convo—Solana and Polygon are heating up, but there are still gems flying under the radar. On Solana, some smaller DeFi protocols with solid TVL are gaining quiet traction. Polygon’s zk-rollup plays are underrated too. The dev activity is real—it’s just a matter of time before the market catches up.
 
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Honestly, it's getting harder to find true undervalued gems. A lot of "cheap" tokens are cheap for a reason—either low utility, weak dev activity, or poor tokenomics. With so much noise and recycled hype, distinguishing real value from fleeting pumps on Solana and Polygon is trickier than ever right now.
 
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Great question—feels like we’re on the edge of another run, and the real gems are still low-key. On Solana, some newer NFT infrastructure projects are still super undervalued. Polygon? I’d say keep an eye on the gaming and zk-rollup side. Would love to hear everyone’s underrated picks too!
 
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Daruk said:
This is a great post, and you're absolutely right about the buzz surrounding Solana and Polygon. Both ecosystems have been gaining a lot of attention, but it’s the hidden gems within them that can really offer massive upside. Solana, with its high-speed and low-fee transactions, still has a lot of underrated projects that haven’t reached their full potential yet. Similarly, Polygon’s strong ecosystem is poised for even more growth, especially with its increasing focus on Layer 2 solutions and DeFi applications.


I think it’s crucial to look beyond the noise and focus on projects that have strong TVL and dev traction. These are the ones that are likely to surge once broader market attention comes into play. Great insights nlooking forward to hearing more about the undervalued plays you're keeping an eye on!
Click to expand...
Spot on! Solana and Polygon are definitely home to some hidden gems with huge potential. Focusing on projects with strong TVL and dev activity is the key to finding the real opportunities that could surge once the market shifts. Excited to see what undervalued gems you’re watching!
 
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Solana dApps/tokens: Serum and Raydium are still underappreciated, despite strong developer support and TVL. Mango Markets is also a sleeper with great potential. Polygon ecosystem: Aavegotchi and QuickSwap haven’t fully taken off yet, but their ecosystems are growing. Decentraland is another one, still cheap despite strong backing and use case. Sleeping giants: Fantom and Arbitrum have strong developer traction and decent TVL, but haven’t fully rallied yet. Keep an eye on these. These projects have solid fundamentals and could see a rise soon as more attention shifts their way!
 
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For Solana, Serum and Raydium are still undervalued despite solid TVL and development. Mango Markets also seems underpriced with good potential. In the Polygon ecosystem, Aavegotchi and QuickSwap are still relatively cheap but have solid ecosystems and use cases that could see more attention soon. As for sleeping giants, Fantom and Arbitrum have strong dev traction and decent TVL, but haven’t fully rallied yet. These projects are still under the radar but could explode once they catch the spotlight.
 
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For Solana, Serum and Raydium are still undervalued despite strong usage and developer support. Mango Markets is also a sleeper with good growth potential. In the Polygon ecosystem, Aavegotchi and QuickSwap haven’t fully rallied yet but have solid backing and growing ecosystems. As for sleeping giants, Fantom and Arbitrum both have strong TVL and dev traction but haven’t seen significant price movement. These projects are undervalued and could see bigger attention soon.
 
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Honestly, feels like we’ve seen this movie before. Solana and Polygon pump, the hype machine kicks in, and 90% of these “undervalued” tokens stay exactly where they are — buried under bigger names with better connections. TVL can look good on paper, but it’s usually just recycled liquidity chasing airdrops. Dev traction? Half of these projects have ghost teams or are just forking someone else’s code. I’ll believe in “sleeping giants” when they actually wake up and hold a pump for more than a week without dumping on retail. Right now, feels like fool’s gold all over again.
 
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From a tech-savvy POV, it’s interesting to look beyond the obvious plays like Solana and Polygon, which have definitely seen their fair share of hype.


For Solana, I’d keep an eye on projects like Haven Protocol—a decentralized privacy layer with a small but steadily growing TVL. It hasn’t really seen the same level of attention as Serum or Solend, but the tech and its long-term value proposition are solid. Additionally, Pyth Network, with its focus on real-time data feeds for DeFi apps, is underappreciated and has immense potential as more decentralized finance protocols adopt it.


On Polygon’s side, Aavegotchi seems like an overlooked gem in the ecosystem. The combination of DeFi and NFTs on Polygon could make it a sleeper hit as NFT and metaverse trends continue to mature. dYdX also continues to build its cross-chain functionality—there’s massive potential if they fully tap into the Polygon ecosystem for scaling.


In terms of sleeping giants with strong TVL and dev traction, Oasis Network (built on the ParaTime architecture) is one that hasn’t quite caught the mainstream buzz yet, but the infrastructure is solid, and with increasing demand for privacy-preserving solutions, it’s a project I wouldn’t ignore.


The key here is not just the buzz, but also the dev activity and real utility behind these projects. It's about spotting the ones that are building real infrastructure and utility, not just riding the hype.
 
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For Solana, you should keep an eye on projects like **Oxygen (OXY)**, which provides decentralized prime brokerage services and is building solid traction in the DeFi space. **PsyOptions (PSY)**, a decentralized options trading platform, is another one to watch as it continues to grow its user base. **Saber (SBR)**, a cross-chain stablecoin liquidity protocol, also stands out as a valuable asset with high potential given Solana’s growing DeFi adoption.

On the Polygon side, **Aavegotchi (GHST)**, an NFT-based DeFi game, is still underappreciated compared to its counterparts in the NFT space. **Quickswap (QUICK)**, Polygon’s native decentralized exchange, has great utility and liquidity but is often overshadowed by newer DEXs. Additionally, **Alchemist (MIST)**, with its focus on DeFi and NFTs, has a low market cap but strong developer activity and a solid roadmap for growth.

In terms of sleeping giants, **Arbitrum** is quietly making waves with an impressive TVL (Total Value Locked) and a growing dev ecosystem. The same can be said for **Optimism**, which is showing long-term traction with minimal hype—definitely a project to watch as Layer-2 scaling becomes more critical.

In summary, it’s crucial to look at projects with strong developer traction and solid use cases, not just the ones with the loudest marketing. These projects may not have had their rally yet, but they’re positioned for significant growth. The market will catch up soon enough.
 
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Love the way you're thinking here it's easy to get caught up in the hype cycles, but the real alpha is often hiding in plain sight. I’ve been watching some lesser-known Solana DeFi protocols with solid TVL growth and a few Polygon gaming projects still under the radar. Appreciate you starting this convo, definitely curious to see what gems others are spotting too.
 
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