According to CoinMeta, Grayscale released an analysis report warning that the growth in token supply in cryptocurrency applications may dilute rewards for holders, and proposed a revenue-oriented valuation framework. This framework calculates yield by comparing protocol earnings with market value, while taking into account inflation in the circulating supply. Among the top 100 tokens by market value of FTSE Grayscale Financials Crypto Sector, holders of HYPE achieved a yield of 8.0%, CRV had a yield of -5.5%, and CAKE had a adjusted yield of up to 14.4% (data as of October 20th). Grayscale distinguishes between buybacks and destruction, and values Bitcoin as a digital commodity separately.