Bitwise CEO Horsley says a new 'revenue chains' category is rising in crypto, led by Hyperliquid and Solana; the key is supporting on-chain capital markets, not competitive battles.Abstract: Bitwise CEO Hunter Horsley discusses the emergence of 'revenue chains' in the cryptocurrency space, highlighting Hyperliquid and Solana as current leaders with distinct communities and use cases. He envisions potential cross-pollination as mobile internet growth expands, drawing a parallel to the iOS-Android dynamic. The central idea is that on-chain capital markets underpin this trend; success comes from supporting the on-chain market ecosystem rather than pitting projects against each other, signaling a maturation of crypto finance.

AirdropBlackHole

2026-05-21 21:11:47

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On May 21, Bitwise CEO Hunter Horsley stated that a new category is emerging in the crypto industry—'revenue chains,' with Hyperliquid and Solana as the current leaders. He believes that while there is some overlap between the two, they each possess distinct characteristics and have strong communities, use cases, and user bases. He suggested that in the future, they might benefit from structural growth in the mobile internet, similar to iOS and Android. Horsley pointed out that 'revenue chains' are benefiting from the trend of capital markets going on-chain. Therefore, whether supporting HYPE, SOL, or both, the real importance lies not in competing with each other, but in the overall rise of on-chain capital markets. He stated, 'Support the on-chain capital market. It's great to see the crypto industry succeed.'

HYPE2.62%

SOL0.73%

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Bitwise CEO: Hyperliquid and Solana Lead the 'Revenue Chains' Narrative, Benefiting from On-Chain Capital Market Trends

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