..." Translate heading: "Intäktskedje-inramningen" or "Inramningen av intäktskedjor"? Better: "Intäktskedje-inramningen" is a bit literal. Perhaps "Intäktskedje-perspektivet" or "Ramverket för intäktskedjor". I'll use "Intäktskedje-ramverket". But keep simple: "Intäktskedje-inramningen" might be fine. Actually, "framing" can be "beskrivning" or "inramning". I'll use "Intäktskedje-beskrivningen". Or just "Intäktskedjor" as heading? The original is "The revenue-chain framing". I'll translate: "Intäktskedje-inramningen".
Content: "Horsley this week identified a new crypto category he calls 'revenue chains' — networks that generate real on-chain revenue. He put Hyperliquid and Solana at the top of that list, comparing the two to iOS and Android. Both, he argued, are riding the structural adoption of onchain capital markets. The comparison isn't just rhetorical: Hyperliquid has pulled in $790.55 million in total revenue, ahead of Solana's $532.34 million, TRON's $471.20 million, and Ethereum's $425.56 million, per data Horsley cited."
Translate: "Horsley identifierade denna vecka en ny kryptokategori som han kallar 'intäktskedjor' – nätverk som genererar verkliga on-chain-intäkter. Han placerade Hyperliquid och Solana högst upp på den listan och jämförde de två med iOS och Android. Båda, menade han, rider på den strukturella adoptionen av on-chain-kapitalmarknader. Jämförelsen är inte bara retorisk: Hyperliquid har dragit in 790,55 miljoner dollar i totala intäkter, före Solanas 532,34 miljoner dollar, TRONs 471,20 miljoner dollar och Ethereums 425,56 miljoner dollar, enligt data som Horsley citerade."
Note: "on-chain" - keep as "on-chain" as it's common. "on-chain-intäkter" is fine.
Third paragraph: "
What the numbers actually show
" -> "Vad siffrorna faktiskt visar". Content: "On a circulating basis, Solana is still much larger. SOL trades around $86.51 with a $49.99 billion market cap and $2.74 billion in 24-hour volume. HYPE sits at $56.71 — near its all-time high of $59.30 — with a $13.28 billion market cap and $1.20 billion in volume. The FDV flip is driven by Hyperliquid's max supply of 962.27 million tokens versus Solana's 626.75 million. That means a lot of HYPE tokens haven't hit the market yet. Whether they'll be absorbed without crushing the price is the open question."
Translate: "P
