Markets· ★★★· bearish·

Alea Research: token prices rose 84% in Q3 while revenue grew just 6%

  • —Median gain across 47 tokens in Q3 was 81.2%; BTC rose 42.7% and ETH 71.0%
  • —US spot bitcoin ETFs drew $51M over four days versus $2.39B the prior week
  • —UNI fees jumped 198.1% to $419M, yet the token fell 9.23% on the week
  • —HYPE: 3.75M tokens claimed ahead of the Oct. 6 unlock, worth about $325M
Why it matters: The gap between prices and revenue leaves the rally exposed; durability now hinges on real cash flows and holder payouts.
Source: TokenPost