Grayscale releases crypto asset valuation analysis,HYPE with CAKE ranking first in the two yield metrics, respectively
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AT A GLANCE
Grayscale listed two crypto asset valuation rankings, with HYPE and CAKE ranking first, respectively.
Article
Grayscale Crypto Asset Valuation Analysis:HYPE、CAKE Top rankings for token holder yield and adjusted earnings yield
BlockBeats reports that October 22, Grayscale released a crypto asset valuation analysis ranking the top for token holder yield and adjusted earnings yield. The former, in order, are HYPE、LIT、CAKE、AERO、UNI、RAY、PENDLE、AAVE、JUP、CRV; the latter, in order, are CAKE、LIT、HYPE、RAY、AAVE、JUP、SKY、UNI、AERO、PENDLE.
Grayscale noted that many crypto assets can be valued based on cash flow. Token holder yield is calculated relative to circulating market capitalization after subtracting the value of new issuance from staking rewards and buyback amounts. Adjusted earnings yield is the ratio of protocol earnings to circulating market capitalization, minus the inflation rate of the circulating supply, and is used to measure protocol earnings capacity after accounting for token dilution.
Original link https://m.theblockbeats.info/flash/373263
Key points
01
BlockBeats reports that Grayscale on October 22 released a crypto asset valuation analysis.
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The top token holder yields, in order, are HYPE、LIT、CAKE、AERO、UNI、RAY、PENDLE、AAVE、JUP、CRV。
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The top adjusted earnings yields, in order, are CAKE、LIT、HYPE、RAY、AAVE、JUP、SKY、UNI、AERO、PENDLE。
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Grayscale said that many crypto assets can be valued based on cash flow.
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Token holder yield is calculated relative to circulating market capitalization after subtracting the value of new issuance from staking rewards and buyback amounts.
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Adjusted earnings yield is the ratio of protocol earnings to circulating market capitalization, minus the inflation rate of the circulating supply.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The first metric examines the value holders receive from staking and buybacks, after deducting the impact of newly issued tokens; the second examines protocol earnings relative to circulating market capitalization, further deducting supply inflation. According to the rankings in the article,HYPE and CAKE rank first in the two metrics, respectively.
Why it matters to readers
These two metrics place staking rewards, buybacks, protocol earnings, and token dilution within the same valuation framework, helping compare the cash-flow-related performance of the ranked tokens.
Beginners may treat the rankings as a comparison of metrics rather than a price prediction or trading recommendation; they should also consider the metric definitions, data dates, and changes in token issuance and protocol earnings.
Risks and unknowns
The material does not include Grayscale’s original report, so the ranking data and complete calculation process cannot be verified.
The article does not specify the data dates used for the rankings, the specific metric values for each token, or the statistical period.
The ranking itself does not prove that the token price or fundamentals will change.
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Token holder yield
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