The grayscale report classifies the encryption industry into five major sectors, including currency, smart contracts, finance, consumer culture and infrastructure services
Grayscale has released a cryptocurrency industry classification framework, dividing the digital asset market into five major sectors: Currencies, Smart Contract Platforms, Financials, Consumer & Culture, and Utilities & Services.
The report shows that despite Bitcoin's significant rise this year, the overall trend of crypto assets is diverging. Currency assets include Bitcoin, XRP and Zcash; Smart Contract Platforms include Ethereum, Solana and Polygon; Financials include Maker, Uniswap and Aave; Consumer & Culture includes ApeCoin, Decentraland and Sandbox; Utilities & Services includes Chainlink, Filecoin and Lido DAO.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Circle mints 1 billion USDC on Solana network within 24 hours
Trending news
MoreCrypto prices
More
