Welcome to Crypto Long & Short, our institutional newsletter. This week, we explore the hidden driver of token performance and the maturation of crypto markets. Poor investor relations can lead to the downfall of a protocol, as seen in the case of Ranger Finance.
Institutional-grade investor relations is the missing piece in token markets, and protocols like Maple Finance and EtherFi are leading the way with regular investor calls and forward guidance. Research shows that providing accurate guidance is crucial for token valuations, and crypto is beginning to produce its own version of this dynamic. Meanwhile, institutional capital is moving through crypto markets in a more efficient way, with the separation of custody and execution.
This shift signals a broader evolution in digital asset market structure, making it possible for institutional participation at scale.