Small businesses reported the largest monthly contraction in “availability of credit” in 20 years. Small/regional banks are critical lenders to SMEs and reaffirms our view of a lending slowdown, which as we’ve noted has big implications for economic...
Pudgy Penguins has given new life to Rogs, which was previously known as Pudgy Presents that failed as an airdrop NFT during the last Christmas season. Now, Rogs has been reimagined as a utility NFT that will function as a multiplier for specific lic...
We’re about half a day into Shanghai now and it’s going pretty much as we would have expected. Let’s take a look at some of the key metrics. 1) Total exits so far ~21k validators (~4% of validators) source: parsec 2) Majority of exits are from Kra...
Historians don’t agree on much, but they do agree that the telegraph, railroad and steam engine were all transformative technologies — the kinds of technologies that don’t occur very often throughout history. In fact, historians even came up with a...
Recent Research 📊 Uniswap’s Fee Switch – 4/11 If Uniswap were to activate the fee switch, how much would UNI token holders stand to benefit? Based on our assumptions, estimates, and analysis, the fee switch’s ultimate impact may be underwhelming....
1inch Shielding 1inch has received a proposal from DAOplomats.eth to upgrade 1inch’s voting with shielding. The shielded voting upgrade is a Shutter implementation on Snapshot and would help protect voters from front running and MEV. Shutter protect...
It wasn’t until 2020, around the launch of Uniswap (v2), that AMMs began to gain widespread adoption and siphon meaningful market share from their centralized counterparts. One of the core tenets behind the emergence of DeFi was and still is Uniswap...
In March, Ethereum solidified its leading position as the top blockchain for NFTs, accounting for $486 million (72.8%) of the total NFT sales volume settled in the last 30 days. Solana followed in second place with $96 million (14.4%), and Polygon c...
The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets. This month’s edition focuses on: Monthly Market Musings Macro Outlook Crypto Market Review: Market Structure & On-Chain Observations...