Bitwise: Crypto stocks rose 23% in the first half of 2026, outperforming most asset classes

The Bitwise report shows that in the first half of 2026, cryptocurrency asset prices fell by about 36%, while cryptocurrency related stocks rose by 23%. Bitwise Research Director Ryan Rasmussen stated that the 30 cryptocurrency related listed companies covered by the Bitwise Crypto Innovators 30 Index have performed more than twice as well as the US stock market. According to Token Terminal data, the cumulative revenue of the top ten encryption applications in the past 12 months reached $5.9 billion, with PancakeSwap, Hyperliquid, and Aave having cumulative revenues of $923 million, $912 million, and $877 million, respectively. During the same period, the scale of tokenized real assets reached 33 billion US dollars in the second quarter, an increase of 45% compared to the beginning of the year; The market is predicted to have an open interest contract size of $1.8 billion and a quarterly trading volume of $43 billion. （The Block）