Since Feb. 2021, we’ve seen capital flows into DeFi tokens virtually grind to a halt. The actual products still had users and usage, but there were no marginal buyers left for the vast majority of these tokens. Most of that boiled down to the absurd,... Read more

Last Friday marked one year since Russia’s full-scale invasion of its neighbor, Ukraine. In short, the war has unleashed devastation across Ukraine, displaced millions, contributed to global inflation, and cast a shadow on financial markets. The con... Read more

Ellipsis Labs launched Phoenix, their new CLOB built on Solana. Ellipsis was in production before the Alameda (and by extension Serum) collapse and brings competition to OpenBook to be the premier Solana CLOB. Phoenix joins other Solana DeFi protocol... Read more

If you’re in the “lows are in” camp, add this one to your bookmarks.... Read more

The upcoming Shanghai upgrade plus a chaotic regulatory landscape have elevated LSDs and stablecoins as crypto’s two main narratives. Thanks to its upcoming LSD-backed stablecoin, Dinero, Redacted Cartel is nicely positioned to be the fusion of thes... Read more

NFTPerp continues to gain volume traction, with majority of the volume centered around BAYC and Azuki collections at 33% and 29% respectively. NFTperp is a perpetual derivatives exchange for NFTs, allowing traders to speculate on NFT prices without h... Read more

Yesterday, Yuga Labs announced a new collection for Bitcoin. Called Twelve Fold, the collection is 300 generative art pieces that they will inscribe on Bitcoin as Ordinals. The launch is the first large brand to explore Bitcoin’s new tech. Yuga will... Read more

We can view finality in ZK-Rollups as a spectrum. Each level takes more time but has better finality assurances. 1. Single sequencer accepts a tx —> Immediate confirmation. Can be trusted or have economic guarantee (single sequencer can issue soft c... Read more

A shortish video discussing current market price action using a lot of the concepts from the Market Frameworks Report series, most specifically, Following the Market’s Footprints: Order Flow Explained. 1.5-2x speed is recommended... Read more

Very few things follow a linear uptrend, and global liquidity is no different. The timing of a potential cooldown in China’s recent liquidity expansion could put pressure on markets in the near term. But we do still expect the broader uptrend in liqu... Read more