Not all crypto is equal: Schwab maps where the money actually is in digital assets

2026-01-20 21:23:15

Source: CryptoNewsNet Original Title: Not all crypto is equal: Schwab maps where the money actually is in digital assets Original Link: A new report from Schwab’s Center for Financial Research breaks the crypto market into three sectors and shows most of the value has concentrated in just one of them: foundational blockchains like Bitcoin and Ethereum.

As spot crypto exchange-traded funds have opened the door to more mainstream investors, Schwab reiterated that crypto isn’t one asset class but rather an ecosystem with deep structural differences, underscoring the importance of where you invest.

The report defines the crypto market in three layers. At the bottom are foundational networks like Bitcoin and Ethereum. These base-layer blockchains process and record transactions and form the backbone of nearly every other crypto application. According to Schwab, these networks accounted for nearly 80% of crypto’s total market cap of $3.2 trillion as of the end of 2025.

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