In Brief
- Grayscale says crypto markets now reward fundamentals over memecoin speculation.
- Its Financials Sector rose 15% since 2024 as Consumer and Culture fell 75%.
- Hyperliquid leads financial protocols earning real revenue from on-chain activity.
Grayscale says the crypto market is increasingly rewarding tokens with real fundamentals, and financial protocols led by Hyperliquid (HYPE) are pulling far ahead of meme coins.
The asset manager attributes the divide to a crypto bear market and rising institutional adoption. Both forces are separating revenue-generating projects from speculative tokens with little underlying value.
Why the Crypto Market Rewards Fundamentals Now
Grayscale built its case with its Crypto Sectors framework, a set of…
