$HYPE and $DYDX now control 67% of total crypto app revenue. Add $ENA into the mix? That jumps to nearly 80%.
Lorenzo Valente from ARK Invest calls this the highest concentration level ever recorded. He's expecting more M&A, bankruptcies, and shutdowns in the coming months.
But here's the twist—he sees this as bullish.
Consolidation phase = weak hands out, strong protocols eat. If you're not positioned in the winners, you're ngmi.
Lorenzo Valente from ARK Invest calls this the highest concentration level ever recorded. He's expecting more M&A, bankruptcies, and shutdowns in the coming months.
But here's the twist—he sees this as bullish.
Consolidation phase = weak hands out, strong protocols eat. If you're not positioned in the winners, you're ngmi.