Bitwise chief investment officer Matt Hougan explained that digital tokens are becoming better at retaining the economic value they help create.
He expects this change to play a key role in a possible market recovery by 2026.
In a post on X, Hougan noted that while attention has been on the current market slump, important changes are taking place quietly in the background. He explained that many older tokens were designed in a time when strict rules made direct value capture risky.
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As a result, they were mostly limited to governance purposes. With updated regulations in place, he noted that those limits are fading, which opens new opportunities for tokens to benefit directly from network activity.
One example is Uniswap’s UNI
He said this approach would make UNI more than just a governance token and could lift it into the top ten by market value if approved.
Ethereum’s
Meanwhile, Tom Lee stated that recent price declines in crypto may be linked to financial difficulties faced by trading firms. How? Read the full story.
