Open interest on GMX has grown over 100% YTD, overtaking dYdX whose open interest hasn’t increased as drastically. Despite this, dYdX still trades at fully diluted valuation over two times higher than the GMX. dYdX FDV is $2.33B versus GMX which tr... Read more

In a recent report, we dove into Thales, a permissionless and non-custodial Parimutuel markets protocol. This week, they have launched their metaverse. “Tale of Thales” is a free-to-play online game featuring quests, crypto lore and NFTs. The metave... Read more

If you follow markets, you know that a Fed pivot is not necessarily bullish. On average, stocks bottomed 14 months after the Fed cuts rates for the first time following a recession. Bottoming post-rate cuts have happened in the last six recessions. T... Read more

Arbitrum has done well to prosper throughout a tumultuous 2022 and into 2023. The number of active addresses using the L2 has increased by 333% from the start of the new year and the number of daily transactions has risen by as much as 3,361% since... Read more

BTC continues to track the trend of its last cycle drawdown, including its recent recovery. Using the Backtest Builder in our Datahub, we can visualize BTC’s rally from its November low to see how it’s tracking its post-bottom trend in December 2018... Read more

With the CFTC claiming BTC, ETH, LTC, USDT, and BUSD as commodities, I wondered what the declaration could mean for digital assets. Disregarding the stablecoins, BTC, ETH, and LTC correlate to the broader market and tech stocks. For example, we can s... Read more

This one is an immature thought of mine but I think there is a future where AI and crypto perfectly complement each other. Traditionally, transactions that occur online are very limited in their expressiveness. Most of the time buyers/sellers indic... Read more

Recent Research 📊 TreasureDAO: A Decentralized Gaming Ecosystem – 3/30 TreasureDAO is the 5th largest entity on Arbitrum by transactions and log occurrences. This report will outline the past, present, and potential future for one of the most pro... Read more

Due to the news of large states beginning to settle trades in non-USD currencies, accounts on Twitter have latched on to a new narrative: the Death of the Dollar. As readers know, the world’s financial system is denominated in dollars. If you conside... Read more

2022 was a difficult year for NFT photography collectors. Out of all the NFT photography collections, only 10 collections traded above their 2021 levels, while the remaining collections continued to grind lower as attention flowed toward other categ... Read more