Bitwise: Crypto Stocks Outperform Bitcoin in First Half of 2026

According to Odaily, Bitwise released a report stating that while crypto asset prices fell approximately 36% in the first half of 2026, crypto-related stocks rose 23%, trailing only emerging market stocks and outperforming other major asset classes. Bitwise Research Director Ryan Rasmussen noted that the 30 crypto-related public companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by two times, driven by factors including mining companies benefiting from AI computing demand, stablecoin issuers, and asset tokenization platforms. Separately, data from Token Terminal shows that the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively. During the same period, the tokenized real-world asset market reached $33 billion in the second quarter, up 45% from the start of the year. The prediction market open interest hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion.