Grayscale announced the token yield ranking list, with HYPE and CAKE taking the top spots

Grayscale announced two lists of the top ten cryptocurrency asset returns. In terms of token holder returns, HYPE, LIT, and CAKE ranked first, second, and third with returns of 8.0%, 7.9%, and 2.6%, respectively, followed by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV.

In terms of adjusted profit returns, CAKE, LIT, and HYPE ranked first, second, and third with returns of 14.4%, 14.1%, and 9.8%, respectively, followed by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. Grayscale stated that many cryptocurrency assets can be valued based on cash flow, profitability, and capital returned to token holders, without relying solely on narratives.