Ark Invest exec says AAVE, SOL, ETH are undervalued

Lorenzo Valente, director of crypto research at Ark Invest, argued on X that many crypto projects are currently being overlooked despite their continued growth and fee generation. He highlighted that projects such as Aave (AAVE), Solana (SOL), Ethereum (ETH), Uniswap (UNI), Avalanche (AVAX), Pendle (PENDLE), Ethena (ENA), and Morpho (MORPHO) are down 70% to 90% from their all-time highs. Valente explained that while their fundamentals remain largely intact, the market narrative has shifted away from them. "The market is currently focused on Hyperliquid (HYPE) and Near (NEAR), but the next opportunity may come from assets that are being overlooked rather than those already in the spotlight," he said. Valente added that investors should pay attention to assets that are being ignored for temporary reasons, not just those that have performed well in the past.