Gate Research: The Dual Relationship Between Listed Companies and Cryptocurrencies

Abstract

• Listed companies seek high staking yields: For companies with high costs of issuing new stocks or bonds, cryptocurrencies with high staking yields are particularly attractive. SOL has maintained an upward trend in token price over the past two years while offering high staking yields. Listed companies can become SOL coin hoarders and obtain additional staking rewards through three methods: building their own Solana nodes, using Helius node hosting services, or the JITO staking platform. Each method has its pros and cons, and companies need to decide based on their financial situation and technical capabilities.

• Listed companies pursue value growth: HYPE is a mainstream cryptocurrency expected to grow in market value in the first half of 2025. Listed companies becoming HYPE coin hoarders may see their stock prices linked to the HYPE token price, potentially achieving rapid company valuation growth in the short term. Compared to chains like SUI, TRON, and XRP, which have also seen significant market value growth in the past year, HYPE’s advantage lies in its refined token supply and demand management, ensuring token scarcity. The official staking platform StakedHYPE will be an option for coin hoarders to gain additional returns through staking. This platform has already attracted over 10 million HYPE tokens for staking. However, compared to other public chains, HYPE’s staking yield is relatively low.

• Listed companies aim for ecosystem positioning: Some companies are no longer satisfied with just being coin hoarders but hope to use coin hoarding as a starting point to develop DeFi or GameFi projects on the blockchain, building a second growth curve for their business. Ethereum Layer 2 modular blockchains are the first choice for these companies due to their low development difficulty and high flexibility. Ethereum is a highly decentralized network, with founder Vitalik consistently advocating decentralization and encouraging independent Layer 2 development, while the Ethereum mainnet focuses on the consensus layer. Several well-known global companies from non-blockchain sectors have joined the Ethereum Layer 2 development efforts.

• PoW public chains need listed companies with stable cash flows as coin hoarders: For the governance bodies of BTC, LTC, and KAS communities, having listed companies with stable cash flows as coin hoarders can ensure to the greatest extent that tokens won’t be massively sold off due to company losses. Cooperating with such listed companies can guarantee the stability of the token economic system and provide stronger sustainable development for the ecosystem.
• PoS public chains need internet or cloud computing companies as coin hoarders: From the operational perspective of ETH, SOL, and SUI projects, cloud providers and internet companies can empower public chains through their long-term experience in large-scale data center operations. These companies are adept at server setup and can significantly reduce the probability of node downtime due to their extensive operational experience, making them ideal partners.
• Infra-type projects need software security companies as coin hoarders: Blockchain infrastructure projects have experienced multiple security incidents in recent years, including vulnerabilities in cross-chain bridges exploited by hackers to steal users’ cross-chain funds, and smart contract tampering in oracles leading to significant discrepancies between on-chain and off-chain data. Therefore, services provided by security companies are urgently needed for decentralized projects. Project teams are generally willing to pay these security companies with their tokens as compensation for their services. Listed companies can act as coin hoarders, not only potentially preserving the value of their held tokens but also becoming more deeply involved in Infra projects.

Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such investment decisions.