Citing Jinse, Richard Galvin, co-founder of hedge fund DACM, stated that decentralized applications (Dapps) account for more than 60% of the crypto industry's revenue, yet represent only 7% of the market capitalization. This ratio remains unchanged from when Dapps generated no revenue. The majority of the sector's income and all potential for growth suggests a valuation repricing of Dapps is likely.
Decentralized Dapps Contribute Over 60% of Crypto Industry Revenue but Hold Just 7% Market Cap
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