ARK Invest Analyst Details Crypto Revenue Concentration Trend

TLDR ARK Invest analyst Lorenzo Valente says crypto is entering its biggest consolidation phase in history Hyperliquid and Pump.fun together account for about 67% of total crypto application revenue Adding Ethena brings the top three protocols’ combined share to nearly 80% BitMEX and BitMart both announced plans to shut down exchange operations Bybit expanded into [...]

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