X @Wu Blockchain
Wu Blockchain·2026-07-29 03:40
ARK Invest: Crypto Consolidation, Bankruptcies and Shutdowns to Increase in Coming MonthsARK Invest researcher Lorenzo Valente said the crypto industry is undergoing a deeper consolidation than previous bear markets, with capital allocation becoming increasingly concentrated as teams and exchanges lacking product-market fit exit the market. Revenue concentration remains high across multiple sectors, including applications, infrastructure, and L1s.Hyperliquid and PumpFun account for 67% of total application ...