ARK Invest researcher predicts more crypto shutdowns
ARK Invest’s director of digital assets research, Lorenzo Valente, said on July 28 that crypto is entering its deepest consolidation phase, with revenue and investment flowing toward fewer businesses. Summary Hyperliquid and Pump.fun generate 67% of application revenue, according to ARK researcher Lorenzo Valente’s analysis. ARK’s Q1 report recorded application revenue falling 23% quarter-over-quarter to
