Report: Only 8% of crypto protocols release token reports, and less than 1% disclose market maker agreement terms.

CoinFeed reported on April 16th that Novora, an IR infrastructure service provider, released its "IR & Token Transparency in 2026" study, assessing the disclosure and transparency performance of over 150 crypto protocols. The report shows that approximately 91% of protocols generate traceable revenue, but only 18% regularly publish quarterly updates, 8% publish token holder reports, and less than 1% disclose market maker agreement terms. About 38% of protocols employ proactive value capture mechanisms, and the overall adoption rate of the Token Transparency Framework (TTF) is approximately 9%, with 6 out of the 13 projects that have filed for adoption being within the Solana ecosystem.