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Token Trust

Foundations: What Is the Value Capture Triangle in Crypto?

Chip Mahoney's avatar
Chip Mahoney
Mar 16, 2026
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Value Capture Triangle diagram showing Capital, Contracts, and Settlement inside the broader crypto market known as the Rectangle of REKT, with Bitcoin positioned near the triangle as a capital driver.

In the previous Foundations article, I explained something I call the Rectangle of REKT.

It’s the part of the crypto market where activity is high but durable value is often low.

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Speculation.

Narratives.

Memecoins.

Endless prom…

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