Lending and borrowing on an vanilla DeFi money markets has a PvP element to it. Borrowers and lenders both want to extract as much returns as they can. Sometimes, it can take a turn into an outright PvP situation. We’re currently seeing that play out... Read more

This month’s musing will be devoted to analyzing vibes. You might think, what’s the point of wasting time on, uh, “vibes?” Shouldn’t we focus on more important stuff like numbers, charts, and math? Well, no. Until GPT-5 takes all of our jobs, and we... Read more

Uniswap v4 was announced today, ushering in the next chapter of decentralized exchange design. Uniswap v4 can be boiled down to two key improvements: hooks and advanced architecture. Hooks Hooks are external contracts that allow for customized par... Read more

Ethereum remains the dominant blockchain in terms of NFT sales, with nearly 59% of all NFT sales volume originating from it. Bitcoin takes 2nd place this month with a 19.2% volume share as Bitcoin Ordinals and BRC-20 tokens continue to gain steam. S... Read more

Looking at daily active users, OpenSea maintains a dominant position and accounts for 57% of NFT users today. Blur trails behind with a 26.2% share, while the remaining marketplaces collectively contribute 16.8% to the user market share. Notably, t... Read more

There’s been an uptick in the NFT market recently. Are we on the brink of another NFT bull run? Let’s see what the data tells us: Firstly: Number of weekly active traders. This is a proxy for how many folks are actively participating in the NFT sp... Read more

The launch of Ethereum’s Shapella upgrade marks a significant moment that allows the withdrawal of staked ETH from the Beacon Chain, a feature that was previously unavailable. As highlighted in our earlier report on ETH staking, this newfound functio... Read more

At the beginning of January that the price of ETH broke past $1,200. Shortly after, the top 10 gaming tokens by market cap enjoyed some long-awaited upwards price movement. Since then, the price of these tokens has remained closely tied to ETH. Ther... Read more

It was a busy week in the governance forums, despite the negative regulatory news. Here are the threads I recommend you follow. It’s a GHO! After much debate, discussion, and testing, Aave is finally ready to launch its stablecoin GHO. Aave Compani... Read more

Recent Research 📊 Solo, Liquid, or Centralized: A Guide to Staking ETH – 6/6 In this report, we delve into the diverse options available for staking ETH, the latest developments in ETH staking, and strategies that could amplify the compounding eff... Read more