Cryptocurrency Market Observation: Value Anchors in a Bear Market - High Protocol Fees/Income Token List
The current cryptocurrency market continues to be under pressure, with most altcoins nearing the drop zone of October 11, 2025. If the Bank of Japan raises interest rates or macro sentiment worsens, BTC may dip to $80,000 or even $74,000, at which point altcoins lacking fundamental support may face deeper corrections.
However, during the bear market, there are still a number of projects that leverage solid ecological foundations, maintaining considerable protocol fees and income, becoming value anchors in the market. The following is a ranking of on-chain real-time data excluding stablecoins and unissued tokens (data sourced from DefiLlama's latest 24-hour/7-day/30-day on-chain statistics), especially the fundamental advantages of the top five varieties are significant and worthy of attention: