This year is shaping up to be a rollercoaster for markets. We expect volatility will be a major theme in 2023 as choppy price action and mixed signals continue to muddy the scene. Here’s a recap of our current base case and how this year could shake... Read more

Pretty interesting tweet highlighting how Blur has been taking volume market share away from OpenSea on top collections like BAYC and Otherside. Going forward, its going to be interesting to see how OpenSea defends its position from new marketplaces.... Read more

An interesting piece of research from CrocSwap. The author attempts to look into specific markers that signal toxic or non-toxic flow to Uniswap’s ETH/USDC pool. A neat, but somewhat obvious, finding from this is how smaller swap sizes tend to co-re... Read more

The Delphi “L1” Index — a market index comprised of 20 leading Layer 1 crypto assets — has been trending higher since the start of 2023. Fantom (FTM) is leading the index higher, followed by Harmony (ONE), while the laggard is currently Secret (SCRT)... Read more

It is no secret that ETH has underperformed many other assets during the recent increase in prices. I attribute this to a lot of uncertainty and fear around the Shanghai upgrade to ETH. For those who are unaware the Shanghai upgrade allows those who... Read more

Informal announced CometBFT today, a new consensus engine for Cosmos chains. To avoid confusion, this is a direct fork of Tendermint (more specifically v0.34) and will be swapped in for Tendermint on both new and existing chains. As of now you can th... Read more

Immortal Game is a Web3 chess platform with optional play-to-earn variants. Users can collect chess piece NFTs that carry in-game challenges. Users earn CMT, the platforms in-game currency, by collecting these NFTs and completing their corresponding... Read more

A lot of people were talking about the impending supply overhang from the DYDX token unlock, originally slated for Dec. 2022. The dYdX team recently announced this token unlock would be pushed back to Dec. 2023, and further clarified the decision in... Read more

This is a pretty interesting tweet thread with data showing how 70+% of DeFi users do not buy NFTs. I think the author’s point holds true today, but it’s also important to look towards the future: DeFi and NFTs are going to be so closely intertwined... Read more

The latest rally is giving off Q1-Q2 2019 vibes – both periods were preceded by sharp price selloffs and a period of consolidation before strong moves higher. We noted in our Markets Year Ahead report how the current bear market drawdown mirrors that... Read more