Hot Sectors Leading Altcoin Rally

Key points

• Coin Metrics reports altcoin interest concentrating in privacy coins and meme coin launchpads, with Zcash up 218% year-to-date and PUMP up 134%.
• The median meme coin in MSCI's Datonomy subsector is down 27% year-to-date, per the report.
• Revenue-generating protocols are buying back tokens, with Uniswap burning over $12M of UNI and Aave projected to earn about $47M from Ethereum lending.

AI summary of Coin Metrics’s report, written only from the publisher’s text. Read the original for full context.