CryptoCointelegraphabout 1 hour ago
Crypto enters biggest consolidation phase ever
1 min read
ARK Invest analyst Lorenzo Valente says crypto revenue is concentrating among a few protocols. Hyperliquid and Pump.fun account for roughly 67% of total crypto app revenue. Adding Ethena pushes the top three's share to nearly 80%. More mergers, acquisitions, and exchange closures are expected.
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