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The MarketVector Token Terminal Fundamental Index (MVTT10F), which screens large, liquid tokens for verifiable on-chain activity and weights fee generation and active users over market cap, rose 29% over the past month, led by TRX, UNI, HYPE, BNB and SOL. That performance gap points to rotation inside crypto toward cash-flow and usage proxies rather than pure beta, a channel that favors high-fee L1s and perp/DEX venues over narrative-only assets when BTC leadership stalls. The read holds only if on-chain fee and active-user trends keep improving; a broad BTC drawdown or fading DEX and perp volumes would pull these names down faster than the majors given thinner liquidity.
As a Research signal, watch whether it changes price action, volatility, or flows around SOL, BNB, TRX.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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Influencer Threads
The author notes that Bitcoin has fallen into the roughly $78,300 zone marked in blue and that a retest of that level is currently underway, with a comparison drawn to a similar instance earlier this year. This is the author's chart-based read on BTC price structure, and the remainder of the comparison is not fully available in the post.
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