62% of Crypto Protocols Give Token Holders No Active Value Accrual Beyond Governance

62% of the crypto protocols reviewed in a recent Novora audit offer no active means of value accrual to their token holders beyond basic governance rights. This includes projects with fully diluted valuations as high as $45 billion. The audit examined over 150 protocols across major sectors in the digital asset industry to evaluate how they share financial data and operational value with stakeholders. Only 3% of these protocols maintain a centralized Investor Relations hub for their communities. Less than 1% publish their market maker agreements, despite the direct impact these arrangements have on token pricing. Meteora is the only protocol in the dataset that includes market maker details in its annual report.