| Mobile Web

Search results for ARK Invest

Crypto

Ark Invest sees deepening stablecoin market cap concentration, with only Tether and Circle above $10 billion

Ark Invest analysis shows a growing concentration in the stablecoin market, with the number of surviving tokens dropping sharply as market-cap thresholds rise. Research director Lorenzo Valente said network effects favor larger stablecoins. Only Tether and Circle have stablecoins above $10 billion in market value. Data cited in the article put Tether at about $183.4 billion and Circle’s USDC at about $74.5 billion, while the next-largest stablecoins remain around $6 billion.

Crypto

Not all L1s are the same: Ark Invest on the business structures of ETH, SOL and HYPE

Ethereum, Solana and Hyperliquid are all layer-1 blockchains, but their business structures and revenue models differ fundamentally, an analysis said. Ark Invest crypto research director Lorenzo Valente compared the three to fast-food chains, likening Ethereum to a franchise and holding-company model where value flows to L2s after EIP-4844. He described Solana as a fully integrated model keeping fees and MEV inside L1, and Hyperliquid as a concentrated team-led model using fees to buy HYPE tokens.