What crypto assets have growing revenue but lagging token prices?

• Crypto revenue keeps climbing for some projects, but investors are still reluctant to reward their tokens.
• Sky, Bittensor and Helium reveal that stronger protocol earnings do not always translate into higher token values.
• Growing revenue alone is no catalyst unless token holders benefit through buybacks, rewards or governance.

Crypto investors are seeing a growing gap between how blockchain networks perform as businesses and how their tokens trade. Market data showed Maker’s Sky generated $210.9 million in revenue over the past 90 days, the highest among major protocols, even as its SKY token fell 33.5%.

The disconnect stretched beyond the largest projects. Spark’s token dropped 55.3% while its revenue slipped just 2.6%, and Bittensor increased revenue 25.4% to $3.3 million despite its token losing 24.7%. The figures suggest protocol revenue is becoming less closel…

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