The Set-Up: A Capital-Led Spring Between 20 April and 20 July 2025 the crypto-market staged its sharpest rebound since the 2021 bull-run. Tokens with the largest market-caps doubled—or tripled—while on-chain gauges moved at wildly different speeds. Below is a 90-day score-card for the eight most valuable (or most talked-about) public chains, ranked by how dramatic the divergence between price and fundamentals has become.1. Ethereum – The King is Back, Bought by ETFs Price: ▲ 130 % (US $1 600 ...