GM – hopefully this post finds everyone safe in the aftermath of this most recent market pullback. While these moves may feel painful in the moment, they are very natural and healthy parts of a longer term bull cycle. They can even provide clues and... Read more

With market attention now primarily on Solana, memes, and BTC flows, I felt it was an excellent time to refine my thesis on the opportunity around 404s. 404s are a catch-all term I am using for semi-fungible proto-token standards that combine tokens... Read more

As more L2s start to adopt blobs we are seeing more real data come in. The dashboard from my tweet is by far the best one I have seen so far and gives a good picture on cost reductions for users & L2s. Overall, rollups are seeing a 50 to 95% decreas... Read more

Solana TVL has officially passed Arbitrum for the first time in the post-FTX era. This is impressive not just because of the comeback, but because Solana utilizes their TVL much more efficiently than other chains as well. With <$1B DEX TVL, Solana h... Read more

In case it wasn’t abundantly clear, there’s a new whale on the loose: Larry Fink. Following the approval of the Bitcoin ETFs, Mr. Fink and his TradFi brethren have been slurping up BTC faster than miners can mint it. These passive and (so far) stea... Read more

Over the last few weeks, I’ve seen the timeline littered with various people sounding the alarm on ‘top signals’ and signs of ‘market froth’. And truthfully, there may be some validity to these claims. Many of the things we are seeing today have inde... Read more

There have been some recent announcements recently with projects signalling the intention to launch as a Solana L2. The first is Zeta, the perp DEX that currently resides on L1. We’ve spoken before about how perp DEX’s are suitable for appchains/app... Read more

GuildFi just dropped its trailer for Zentry today, which is going to be its rebranded ecosystem. This probably signifies the start of its rebrand and marketing efforts, and I expect more news to be coming out in the next few weeks. Since my previous... Read more

Notes from the last preconfirmation & sequencing call, it was pretty interesting so here’s a quick summary – link to call Based sequencing ecosystem is growing: 1. Besides Taiko, we now have a new based rollup in town: RISE, all we know so far is... Read more

A scan across several technical indicators detected a spike in outsized volume yesterday (March 11, 2024) across a relatively large proportion of the top crypto assets. We define the threshold for this metric as exceeding a Z-score of 2 on the rolli... Read more