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

GMX has been the talk of the town for a good year now. What started as an experiment in synthetic pricing and margin trading is now one of the biggest success stories in all of DeFi. The simplicity in usage and providing liquidity have put GMX in a r... Read more

In single chain era things are easy: Full nodes don’t rely on validators for correct execution. Even if all validators collude, they can’t cheat full nodes, because full nodes download and verify of all transactions. Fraudulent blocks will be immedi... Read more