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Guilhem Chaumont: Following the Flow Into Crypto’s Next Growth Phase
Convincing the Market 06:58 – Current Market Read 10:00 – Why We Won’t See Large Drawdowns 13:00 – Growth...
51 Min
DeFi
Apr 2025
Beyond The Meme of Parallelization & Solving For State Growth
Optimizations across state growth and state access need to be made....Raising gas limits would increase TPS but would impact state growth on the mainnet....What is more important is designing efficient state growth and state access systems....Issues of State Growth & State Access The issues of state growth are not new to blockchains.
20 Min
Infrastructure
Aug 2024
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
Morpho currently has fees switched off, opting to prioritize growth — making curator products more compelling...making it all the more important to choose not just lending, but the platform best suited for long-term growth...lead to better, more sustainable yields (and users) within crypto, as seen in the rapid and sustained growth...
26 Min
DeFi
Apr 2025
EVM Wars: Between Giga Gas and Giga Gimmicks
...choosing a more capable DA layer, and optimizing their DB for improved state access and controlled state growth...ve launched builder-focused funds that reward startups that have contributed to Sei’s infra/consumer growth...
13 Min
Layer 1 / L1
Mar 2025
Sui's Q1 Wrapped: BitcoinFi, MEV, and Scaling
In this follow-up, we analyze key ecosystem developments spanning BTCfi primitives, Suilend’s growth...latest report captures key ecosystem advancements, including the rise of BTCfi primitives, the continued growth...
13 Min
Infrastructure
Apr 2025
Exploring Base's Role in the Growing Onchain Economy
...which has since seen significant growth since it launched its mainnet on August 9, 2023....As total TVL onchain surges, Base’s growth in particular stands out....The growth of RWA is one key driver behind onchain economy growth. ...This growth represents a year-to-date increase of over 2,100%.
35 Min
Layer 2 / L2
Nov 2024
World: A Trillion Dollar Opportunity, or Just Another Low Float, High FDV?
The challenge is clear: World must continue heavy token distribution to fuel the rapid network growth...Any setbacks in Orb manufacturing or upkeep could stall their growth....Assumptions For simplicity, revenue, user growth, and inflation will serve as the foundation of this...User growth explodes from 20M MAUs in 2025 to 842M by 2029.
26 Min
AI
May 2025
Proof of Gamer: How KGeN is Reimagining User Acquisition
All that being said, several growth opportunities remain....to reach $7.1B in 2023, significantly outpacing the global market’s 0.6% growth....Grassroots Growth At the core of KGeN’s growth, and what will help them continue to scale across the...Fueling the flywheels of growth across the KGeN ecosystem is the KGEN token.
44 Min
Gaming
Feb 2025
zkVerify Memo: Integration Flow, Potential Markets, and Token Economics
...on the original report, providing a deeper assessment of zkVerify and addressing concerns regarding growth...According to rwa.xyz, excluding stablecoin growth, the total RWA value onchain has 9x’d, from $1.89B...Accelerated growth of DeFi as measured by participation, volume, and asset issuance....And investors who funded the development and growth of zkVerify.
22 Min
Infrastructure
Apr 2025
Beyond the $HYPE: An Objective Analysis of Hyperliquid
...data as the DEX to CEX ratio across both spot and perps venues has inflected upwards following the growth...Therefore, when forecasting the growth of the DEX to CEX ratio, in my view, the principal variable you...Organic Growth: Since November of 2023, Hyperliquid grew its share of the perps DEX market from just...
17 Min
DeFi
Feb 2025
Hope Metric : Macro Signal Monday (05-19-2025)
...directly (>$860M in corporate buys) Macro conditions are mixed: volatility rising, yields climbing, growth...EU growth was revised down, while oil slipped on global demand concerns....EU growth cut forecasts due to tariffs. Recession signals are flashing.
4 Min
Macro & Markets
May 2025
Thoughts on Web3 Gaming
While several projects have shown short-term growth, no game has yet achieved sustainable scale – which...While this accelerates growth, it creates a “debt” in the form of future token liabilities and inflationary...However, this mechanism effectively trades short-term growth for long-term liability, and can become...
6 Min
Gaming
May 2025
Maple Finance's SYRUP: The RWA Bid in Waiting?
Maple TVL has seen consistent growth for over a year now, reaching ~$870M TVL and ~$370M loans outstanding...That being said, it is an important project for the growth of our industry, and will likely continue...Ondo is of course a different business, but Syrup has demonstrated similar levels of growth over the...
2 Min
Lending / Borrowing
Apr 2025
Vertical Integration vs. Creator Alignment: Pump.fun and Raydium's Battle for Solana's Memecoin Economy
While its yearly revenue currently ranks 10th overall in DeFi, Pump’s growth trajectory tells a more...previously funneled to Raydium, Pump effectively killed the single largest driver behind Raydium’s growth...on whether projects add additional fees, and lacks the viral simplicity that fueled Pump’s explosive growth...
16 Min
DeFi
May 2025
MON Protocol - Primed for IP Expansion
...burn rate low enough to sustain them past 2028, they have the luxury of being able to prioritize Web2 growth...resulting in higher floats, fewer operational distractions (like a TGE), and more sustainable paths toward growth...Castlevania, and Persona, which have leveraged cross-platform success to fuel ecosystem and revenue growth...
16 Min
Gaming
Apr 2025
USD.AI: Financing the Future of AI Infra
The Flaws of Infrastructure Finance The accelerating growth of AI brings an insatiable demand for computing...history of financing capacity failing to keep up with hardware demand and acting as a bottleneck to growth...to service flurries of hardware lending demand without being bottlenecked by sporadic borrower-side growth...
14 Min
Infrastructure
May 2025
Inside the Ecosystem: Fueling Aptos' Global Trading Engine
State of the Network: H1 2025 Growth on Aptos has picked up meaningfully across multiple metrics....Despite consistent growth in TVL and activity, block times on Aptos have steadily improved....Thala’s continued growth as a DEX is contingent on the macro demand to trade on Aptos.
39 Min
Infrastructure
Jun 2025
Market Musings - April Showers… May Flowers? - Macro & Markets May 2025
...time — “Are Investors Too Bearish” — and how quickly consensus had turned to overtly bearish on global growth...situation has catalyzed a global shift toward self-sufficiency, with countries prioritizing domestic growth...The IMF’s downward revision of 2025 global growth underscores these concerns as trade tensions exacerbate...
25 Min
Macro & Markets
Jun 2025
Aptos: Infrastructure for the Financial Internet
Scalability – To support the growth of applications and the platform’s user base....Such scalability is essential for mainstream adoption, as reliably managing unpredictable growth preserves...As we’ve already explored how platform growth involves multiple factors beyond pure performance, we’ll...
30 Min
Infrastructure
Apr 2025
Avalanche L1s: Powering the Future of Appchains
Apps bear the cost for growth while the underlying chain captures the upside....gives the L1 token a much more critical role and allows teams to better align incentives and coordinate growth...barrier to entry remarkably, allowing teams to focus their resources on real product development and growth...
22 Min
Infrastructure
Jun 2025