Grayscale release of encrypted asset valuation analysis: HYPE and CAKE rank first in token holder return and adjusted profit return, respectively According to Foresight News, Grayscale has released an analysis of cryptocurrency asset valuation, listing the top ten tokens based on two indicators: "token holder return rate" and "adjusted profit return rate". The top ten token holders in terms of returns are HYPE, LIT, CAKE, AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV; The top ten adjusted profit and return rates are CAKE, LIT, HYPE, RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. \Grayscale representation, many encrypted assets can be valued based on cash flow. Among them, the yield of token holders is measured by the proportion of the pledged reward and repurchase amount minus the newly issued value to the circulating market value; The adjusted profit return rate is measured by subtracting the inflation rate of the circulating supply from the ratio of the agreement's profit to the circulating market value, to measure the agreement's profit level after deducting the impact of token dilution.