Bitwise CIO: Crypto Enters Revenue-Driven Era

Bitwise CIO Matt Hougan confirmed crypto is entering a revenue-driven era as Hyperliquid, Uniswap and Aave direct protocol revenue into buybacks and burns. Token prices have not yet adjusted to this change in revenue-driven crypto protocols. Protocol revenue buybacks now create measurable cash flow for token holders across leading DeFi platforms. The resulting token price valuation gaps leave room for further repricing once markets fully price the new cash-flow reality.