---
title: "Grayscale: Hyperliquid-Led Financial Tokens Pull Ahead of Meme Coins"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292541232.md"
description: "Grayscale reports that crypto markets are increasingly favoring tokens with real fundamentals over speculative meme coins. Led by Hyperliquid (HYPE), financial protocols are outperforming consumer tokens, driven by bear market conditions and rising institutional adoption. According to Grayscale's Crypto Sectors framework, the Financials sector has risen ~15% since early 2024, while the Consumer & Culture sector plummeted ~75%, heavily weighted by Dogecoin."
datetime: "2026-07-13T23:33:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292541232.md)
  - [en](https://longbridge.com/en/news/292541232.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292541232.md)
---

# Grayscale: Hyperliquid-Led Financial Tokens Pull Ahead of Meme Coins

Grayscale said crypto markets are increasingly rewarding tokens with real fundamentals, with financial protocols led by Hyperliquid (HYPE) outperforming meme coin-heavy consumer tokens. According to BeInCrypto, Grayscale attributes the split to a bear market and rising institutional adoption, which it says are separating revenue-generating projects from speculative tokens. Grayscale cited its FTSE Russell-built Crypto Sectors framework, which tracks 150+ protocols and is reassessed quarterly. Since the start of 2024, its Financials Crypto Sector is up about 15% versus a roughly 75% drop in Consumer & Culture. Grayscale said Dogecoin (DOGE) now makes up around 85% of the lagging sector’s market value.

### Related Stocks

- [THYP.US](https://longbridge.com/en/quote/THYP.US.md)
- [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md)
- [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md)
- [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md)
- [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md)
- [DOGEUSD.VAHK](https://longbridge.com/en/quote/DOGEUSD.VAHK.md)

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