Grayscale names top 10 crypto assets by tokenholder yield and adjusted earnings yield

Grayscale identified the top 10 crypto assets based on tokenholder yield, with HYPE leading at 8.0%, and top 10 by adjusted earnings yield, led by CAKE at 14.4%. The report suggests that many crypto assets, unlike Bitcoin, can be valued using cash flows. However, five of the top 10 tokens have negative holder yields, such as CRV at -5.5%, due to token dilution, which Grayscale calculates by subtracting newly issued tokens from staking rewards and buybacks.