Top Results1714 results
zkVerify: The Missing Layer in The Modular Era
Under the hood, zkVerify strips away entire layers of complexity from the ZK stack....Proofs will underpin every layer of the stack, from consensus to client privacy, building the foundation...ZK-Apps vs ZK-Infra ZK protocols can be divided into two categories:  (1) Infrastructure (Infra) providing...
15 Min
Infrastructure
Aug 2025
The Dark Night Rises - Part 1
Each 1% rise in the average yield equates to ~$300-325B of additional annual interest expense.
23 Min
Macro & Markets
Jul 2024
Finding the Fun in Fundamentals #1 - Mythical Games
We believe that over the next 12-18 months there will be increasing interest in gaming projects that prioritize sustainable monetization over speculative hype. This report examines Mythical Games and...
13 Min
Gaming
Mar 2025
The Public Crypto Accumulator Era - Part 1
It is becoming a programmable treasury layer; a capital strategy for public companies....This is Part 1 of a two-part series, focusing on this growing trend....It comes down to a two-layer filter: Institutional infrastructure readiness – the ability to absorb...capital components: $361 million from the PIPE raise, $64 million from pre-funded warrants, and a $1...
31 Min
Macro & Markets
Jun 2025
Intuition Protocol: Building the Internet’s Trust Layer
That is the gap Intuition Protocol is designed to close: a public, portable, and composable trust layer...The system is closer to the game-theoretic consensus of Layer 1 blockchains than to a simple DeFi protocol...This creates a valuable layer of social capital and reputation....The answer lies in the application layer.
26 Min
Infrastructure
Sep 2025
Arbitrum Nitro: Building On Year 1
What actually happened is that these alt-EVM layer 1s got a significant amount of users as people left...” for the purposes of comparison, Arbitrum & Optimism (being L2s) settle on Ethereum unlike the layer...ORU Fee Markets and Gas Expenditures Layer 2 fees consist of two dimensions: L1 resources L2 resources...
18 Min
Layer 2 / L2
Aug 2022
Zetachain Part 1: A Competitive Landscape of Blockchain Bridges
...on passive LP bridges, as they can offer a better UX and are synergistic with CCTP as a settlement layer...Even with the Terra depeg happening ~1.5 years ago, this two routes still rank #1 and 2 by transactions...Consider the slide below (from our Cosmos report in 2022), Chain A’s token from path 1 is not fungible...
51 Min
Layer 1 / L1
Jan 2024
WTF Is Anoma? Part 1: WTF Are Intents?
...image of it [+2000 USDC, -1 ETH]. ...If Alice owes Bob 1 ETH, Bob owes Greg 1 ETH, and Greg owes Alice 1 ETH, no one actually needs any “money...In this manner, the intent gossip layer can be imagined as an incentivized data availability layer....Together, they form a two-layered authorization scheme.
23 Min
Layer 1 / L1
Aug 2023
Is Fuel The Best Modular Execution Layer?
You may have heard the Fuel pitch; the fastest modular execution layer ever. Bold claim....A core pillar of modular execution layers is to be verifiable....However, modular execution layers encompass a broader definition than rollups as they don’t subscribe...These factors form the foundation of Fuel’s modular execution layer vision and the FuelVM.
16 Min
Layer 1 / L1
Jul 2022
From 1 to 100: What the Future Holds for DEXs
The issues that plagued centralized exchanges (CEX) in their infancy have still not been eradicated. In the grand scheme of things, we’ve made some vast improvements to CEX performance. Some are bette...
9 Min
AMM
Jan 2023
ATOM Outperforms Major Layer-1s Amid Market Drawdown
, major layer-1s are still battered....When compared to their previous ATHs in November 2021, the majority of layer-1 tokens are deep in negative...🐣 Notable Tweets Understanding the Ethereum Virtual Machine (1/23) @ethereum Virtual Machine (EVM...) Ethereum is the World Computer, the future’s internet-native global settlement layer.
4 Min
Layer 1 / L1
Sep 2022
Valuing Layer 1s - Memes, Money, or More?
That’s enough to offset around 1% of inflation annually, which I netted out in the graph above. ...It was capped at 1 SDT per transaction, accounting for a very small portion of revenue....So for every $1 of UST minted, exactly $1 of LUNA is burned. ...Your Nakamoto coefficient could be a trillion though, but if their cumulative stake is $1 I could overtake...
30 Min
Proof-of-Stake
Apr 2022
Layer 2: Rollups
In this report, we look at how the Layer 2 ecosystem is shaping up and dive into the varying rollup solutions...In order to unlock the next phase of growth, the scaling torch has been passed over to Layer 2s, led...
1 Min
Infrastructure
Dec 2020
Art Blocks Curated Series 1 NFTs Rise Amid Bear Market
📊 Art Blocks Curated Series 1 NFTs Rise Amid Bear Market During the last week, floor prices for...Other collections in Art Blocks Curated Series 1 have also seen price increases....The six NFT projects mentioned above are part of the Art Blocks Curated Series 1.
4 Min
Art
Nov 2022
Policy Paper Series (Part 1): Reframing How We Look at a Crypto Legislative Solution
Premise The U.S. crypto regulatory dialogue needs a fresh approach.[1] In this series of papers, we explore...” approach (e.g., to focus regulatory attention on the “app layer” as opposed to the “base layer” (or...at the base layer that cannot be met.
35 Min
Policy
Mar 2023
Flashing A Light On The Dark Forest - Part 1
The focus of these solutions ranges from innovating at the base-layer’s consensus design, creating new...Imagine the average gas fee is $1....If the average gas fee is $1 and there is a $1,000 profit opportunity on the line, the arb bots can basically...Before we run through the steps, let’s first define the participants, of which there are three – 1) Searchers...
13 Min
MEV
Oct 2021
Axie Part 1 - Fundamentals That Can't Be Overlooked
Coupled with their recent launch of Ronin, the release of the Play-To-Earn documentary, and crossing the 1...daily volume hit an all-time-high of ~130 ETH on 22 June, significant considering it was under 20 ETH 1...
12 Min
Games
Jul 2021
Layer 2s: Betamax vs VHS?
2 weeks) Security not equivalent to that of layer 1 Ethereum Rolling back state would be unworkable in...1....1, plus other benefits such as fast withdrawal times, privacy etc....1 seeking to scale now....Alternatively if the migration of leading layer 1 projects to layer 2 does not quite happen, then this...
6 Min
ZK-Rollups
Nov 2020
The Race to Layer 2s Is Underway
After years of discussion, it seems like Layer 2s are finally here....It’s truly incredible how many additional features can be unlocked with DeFi protocols moving to Layer...While Layer 2 will bring incredible benefits for individual applications as they are ported over, it...
3 Min
Infrastructure
Aug 2020
Coordination, Public Goods and Crypto (Part 1)
While private property rights and markets have led to massive progress, underfunded public goods are a class of coordination problem which cannot be solved solely using markets. In this post, I explor...
6 Min
DeFi
Nov 2020