# MODE is really underrated after a rough start.

**Published by:** [DeFi Voyager](https://paragraph.com/@defivoyager/)
**Published on:** 2024-05-10
**Categories:** cryptocurrency, investing, mode
**URL:** https://paragraph.com/@defivoyager/mode-is-really-underrated-after-a-rough-start

## Content

The Mode Network TGE was poorly handled. Bybit acted as a makeshift market maker by delaying token deposits, which held back a lot of sales. Now, with most big sellers done, let's see where we stand. Comparing Market Cap & TVL of Mode Network with competitors: $MODE: $65M MC, $460M TVL $MANTA: $425M MC, $173M TVL $APTOS: $3768M MC, $346M TVL $NEAR: $7997M MC, $327M TVL $MANTLE: $3393M MC, $277M TVL $TON: $21984M MC, $233M TVL Despite a bad TGE, Mode is undervalued. It's notable that MODE already has utility - using chain projects and staking MODE gives a multiplier for season two drops. Projects on Mode Network may also give airdrops to MODE stakers. Soon, staking MODE will let you earn a share of blockchain fees. In conclusion, the poorly executed TGE has led to Mode being significantly undervalued.https://app.mode.networkMode App - The Modular DeFi L2 - AirdropSign up to join Mode's Airdrop and Bridge from Ethereum to Mode.

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