Undercollateralized lending on chain has been abysmal this year. Loans outstanding from the two biggest protocols in the space are down drastically (Maple -59% yoy, TrueFi -96% yoy). Undercollateralized lenders have been plagued by a series of defa... Read more

The weekly number of unique wallets trading NFTs has fallen ~77% since February. We are now sitting at levels below what we saw in September 2021, back when Opensea was the market leader. Contributing factors could include: Wider economic uncertain... Read more

Solana had its most hyped mint of the year on Friday and went off without a hitch. Compare this to even just a year ago when NFT mints and IDOs would render the chain unusable. TPS this time didn’t even flinch. Even after the mint the chain continue... Read more

Neutron’s proposal for ICS is officially live and on-chain. If all goes according to plan the general purpose DeFi chain will launch in the middle of May. This is a big catalyst not just for the Hub but also to start getting more liquidity flowing th... Read more

I am generally not great at timing markets, so I don’t trade. I buy long-term spot positions instead. My emotions run wild when prices soar, and I do not want to sell the higher everything goes. When prices fall, I feel the need to sell everything. T... Read more

Nothing screams Friday afternoon like a discussion on currency debasement, deficits, debt problems, and good old Bitcoin and crypto. I could be wrong, there’s no guarantees on what the future holds. But we’ve done a ton of work on this and the deepe... Read more

Loss Versus Rebalancing (LVR) is a metric designed to quantify the impact of adverse selection on AMM LPs. LVR is calculated as the difference between the value of a liquidity pool and a rebalancing portfolio. LVR can be thought of as the best-case s... Read more

NFT floor prices have fallen off the cliff as the majors (e.g., BAYC and CryptoPunks) saw their floor prices plummet more than 10% over the past week. As the tweet rightfully mentioned, there are not enough real buyers and too many real sellers. Mor... Read more

~12 hours ago, Wildcard Alliance sold 4,444 Genesis Wildpass NFTs for 44 MATIC each (~$48). The collection proceeded to almost 4x, and the floor price is now ~150 MATIC -> 240% above the mint price. The collection sold out seconds after going public... Read more

The Daisy Chain narrative is starting to get more traction in some investor circles. Evidence of a coordinated effort by central banks to stabilize sovereign debt markets starting back in October is stacking up. The October IMF meeting coincided wi... Read more