Grayscale Identifies Top Crypto Assets for Yield and Earnings
Grayscale's report highlights the top 10 crypto assets based on tokenholder yield and adjusted earnings yield.
Grayscale's report highlights the top 10 crypto assets based on tokenholder yield and adjusted earnings yield. Bitcoin (BTC) is trading at ₹77,35,882 ($81,515.00), up 0.4% since this brief published. This is an original Token Times brief based on reporting by BeInCrypto, with live market data added, as of Fri, 23 Oct 2026 02:45:01 UTC.
The report provides a framework for valuing crypto assets beyond Bitcoin by focusing on cash flows and yields, potentially shifting investment strategies.
- Hyperliquid (HYPE) tops the tokenholder yield list at 8.0%.
- PancakeSwap (CAKE) leads in adjusted earnings yield at 14.4%.
- Grayscale emphasizes the importance of cash flows in valuing crypto assets.
Grayscale has published a report identifying the top 10 crypto assets based on tokenholder yield and adjusted earnings yield. The report aims to provide a framework for valuing crypto assets beyond 
Bitcoin by focusing on cash flows and yields.
Hyperliquid (HYPE) leads the tokenholder yield list at 8.0%, while 
PancakeSwap (CAKE) tops the adjusted earnings yield ranking at 14.4%. These figures highlight the potential for crypto assets to generate returns for investors through various mechanisms.
The report argues that many crypto assets can be valued based on their cash flows, unlike Bitcoin, which is often seen as a store of value rather than a cash flow-generating asset. This perspective could influence investment strategies and valuation models in the crypto market.
On-chain data shows that Hyperliquid has a Total Value Locked (TVL) of $1.75 billion, while PancakeSwap's Yield TVL is $134.08 million, down 7.7% over the past week. These figures provide additional context for the yields reported by Grayscale.
The broader crypto market remains in a state of flux, with the total market cap at $2.79 trillion and Bitcoin experiencing a 2.59% decline over the past 24 hours. The Fear & Greed Index stands at 50, indicating a neutral market sentiment.
Since this brief published about 45 minutes ago, Bitcoin (BTC) has moved from ₹77,05,323.77$81,193.00 to ₹77,35,882.00$81,515.00 — +0.40%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.42M (about $81,515.00), down 1.6% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Grayscale Identifies Top Crypto Assets for Yield and Earning — questions & answers
What is the top crypto asset by tokenholder yield?
Hyperliquid (HYPE) leads with 8.0% tokenholder yield.
Which crypto asset has the highest adjusted earnings yield?
PancakeSwap (CAKE) tops the adjusted earnings yield list at 14.4%.
How does Grayscale suggest valuing crypto assets?
Grayscale emphasizes valuing crypto assets based on their cash flows and yields.
How much is 1 Bitcoin worth in rupee today?
About ₹8.42M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,515.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.40% since this brief first published — trading at ₹77,35,882 ($81,515.00) now versus ₹77,05,324 ($81,193.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.