Research
Flagship reports, in-depth articles, and weekly analysis on the narratives shaping digital assets.
Flagship Reports
March 2026State of Commodities and a Quantitative Analysis of the Growth of these Markets Onchain
May 2026The evolution of Vaults as the infrastructure layer of institutional finance onchain
June 2026Privacy as Infrastructure for User Protection and Institutional Adoption
June 2026Mapping the Growth of RWAs and Institutional Adoption
July 2026Mapping the expansion of options as a trading instrument and the volatility that prices them
July 2026Covering the expansion of revenue streams by blockchains
August 2026A report on the protocols building fixed-rate and fixed-maturity credit products
Weekly Research
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Articles & Analysis
Showing 1-13 of 156 articles
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Perpetual futures (perps) have become one of the strongest instruments for digital asset trading.
This excerpt is from our research on Fixed-Rate Lending: Market Structure and Protocol Design, highlighting new and emerging designs in the category.
PLUS: Stablecoins beyond USD, Fomo ATH Revenue, Kamino Fixed Rate, Morpho In-Kind Redemptions, and more
PLUS: HyperEVM DEX activity, Ethena basis trade exposure, Fomo, and Lighter Robinhood instance.
Selling blockspace is no longer a defensible business for blockchains.
The Birth of Bitcoin-Native Finance: Turning Idle BTC into Productive Capital
Since the beginning of the year, crypto protocols have cumulatively made $7.42 billion in revenue.
Private Today, Durable Tomorrow
This article is an excerpt from our research on The Renaissance of Onchain Options, mapping the expansion of options (and prediction markets) as a trading instrument and the volatility that prices them, published in collaboration with BlockScholes.
The growth of RWAs has led to over $32 billion of assets flowing onchain.
A Gap Analysis with Interviews from Rysk, Derive, Panoptic, and GammaSwap.
This article is an excerpt from our research on The Renaissance of Onchain Options, mapping the expansion of options (and prediction markets) as a trading instrument and the volatility that prices them, published in collaboration with Block Scholes.
Weekly Newsletter
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