Top Results1655 results
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
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
Plume × Royco Genesis Incentives – Day-1 Yield Markets
Plume opened its Season-2 liquidity-mining program this morning and will be distributing 150 million liquid, non-dilutive $PLUME via Royco’s Incentived-Action Markets (IAMs) over the next ninety days...
4 Min
DeFi
Jun 2025
Directions For DeFi (Part 1): Institutional & Offchain
As Layer 2 solutions like Starknet create viable infrastructure, I expect a gold rush to recreate Ethereum...
5 Min
DeFi
Mar 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
Story Protocol: Does IP Need a Chain?
...models optimized for complex asset relationships, and don’t have legal enforcement tools at the base layer...-1 from the ground up....Looking ahead, this infrastructure could also support a new layer of IP-based finance (IPFi)....Over 58% of the initial 1 billion tokens are set aside specifically for these purposes.
24 Min
Layer 1 / L1
Apr 2025
SYNTHETIC-1 & DeepScaleR: Eroding the Closed-Source AI Moat
But now, two key innovations—DeepScaleR and SYNTHETIC-1—are shifting the balance of power....Meanwhile, SYNTHETIC-1, created by Prime Intellect, introduces an open-source, verifiable synthetic dataset...By leveraging RL fine-tuning, the model has achieved a 14.3 percent improvement in Pass@1 accuracy on...
8 Min
Infrastructure
Feb 2025
Celestia's Roadmap: $TIA Time, or is DA a Commodity?
$TIA only benefits indirectly, and only if (1) The rollup keeps using Celestia, (2) DA usage correlates...There’s no universal “finality” layer like Ethereum provides....That could make Celestia attractive to (1) New rollups building custom VMs (e.g....TIA is required to lock bandwidth or pay fees (e.g. via staking), the only value flow into $TIA is (1)...
47 Min
Layer 1 / L1
Apr 2025
Plasma: Stablecoin Infrastructure & The Trillion Dollar Opportunity
Link to the full S-1 form: https://www.sec.gov/Archives/edgar/data/1876042/000119312525070481/d737521ds1...In Q1 2025 alone, Tether reportedly earned ~$1 billion in net profit, mostly from interest income on...Tron has always been centralization concerns, but even now Tron is seeing fees get quite high in the $1-...
28 Min
Infrastructure
Jun 2025
Inside the Ecosystem: Fueling Aptos' Global Trading Engine
Once minted, Echo’s aBTC can be deployed into Echo’s Yield Layer....Users deposit APT and receive amAPT – a pure derivative of APT that aims to be pegged 1:1 to APT....For example, if the OI on the SOL market is $1 mn in longs vs $1.5 mn in shorts, those who short will...
39 Min
Infrastructure
Jun 2025
Shortcuts To Scale: How Enso Seeks To Reshape dApp Development
Fragmented layer-1 and layer-2 ecosystems create compatibility issues, while inadequate tooling, elevated...And this is a process that teams can’t rush through: so you’re looking at a 1-3 month ordeal spanning...Meanwhile, application-layer protocols like GMX, Pancakeswap, and Lido struggle to capture comparable...
31 Min
Infrastructure
May 2025
Humanity Protocol: The Identity Solution Going after Meta
For example, you might combine credentials that prove: (1) you have several years of Grubhub transaction...Humanity’s architecture also supports efficient 1:N matching against large databases, enabling real-time...While palm+vein scanning provides the highest accuracy and security, I want to emphasize that (1) they...
31 Min
AI
Jun 2025
World: A Trillion Dollar Opportunity, or Just Another Low Float, High FDV?
...opportunities left” – a global proof-of-personhood (PoP) system creating a verified human-identity layer...In the long-term, they have their sights set on expanding to over 1 billion users. ...At its core, the internet lacks a way to verify that a user is (1) human and (2) unique without sacrificing...
26 Min
AI
May 2025
EVM Wars: Between Giga Gas and Giga Gimmicks
Most chains are scaling their giga gas/s, choosing a more capable DA layer, and optimizing their DB for...Ethereum’s current capacity is at 31.25 KB/s, and this is shared by all rollups using Ethereum as a DA layer...these blob parameters running the day after Pectra goes live. — vitalik.eth (@VitalikButerin) March 1,...What about Ethereum as a DA layer?
13 Min
Layer 1 / L1
Mar 2025
The Fat App Thesis: An Inflection Point in Value Accrual
Application Layer – Self-explanatory....app layer. ...What’s Left for the Protocol Layer?...The protocol layer (e.g....L1 in order for rollups to maintain lower fees post-EIP-4844 – in line with Base’s goal of achieving 1...
43 Min
Layer 1 / L1
Apr 2025
zkVerify Memo: Integration Flow, Potential Markets, and Token Economics
This attestation is relayed to zkVerify’s smart contract on the designated settlement layer....This has forced developers to opt for the STARK-to-SNARK conversion, which is more suitable for base layer...Its validation is accessible via onchain attestations relayed to the base layer.
22 Min
Infrastructure
Apr 2025
Death by Design – The Fate of Ethereum
There is a recursive theme that’s inherent in the value cycle of a successful protocol layer which hinges...L1 in order for rollups to maintain lower fees post-EIP-4844 – in line with Base’s goal of achieving 1...An example that I’ve overused at this point is the value decay that is going on at the DA layer.
7 Min
Layer 1 / L1
May 2025
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
Morpho’s journey to becoming DeFi’s capital coordination layer began with a simple innovation: Its early...iterations (Morpho-Aave and Morpho-Compound) introduced a peer-to-peer matching layer on top of existing...Morpho Vaults: The Curator Infrastructure Layer On top of Morpho Blue’s modular credit layer, the team...
26 Min
DeFi
Apr 2025
Avalanche L1s: Powering the Future of Appchains
On generalized chains, most of the value created just flows back to the base layer....While both inherit security from the base layer, L1s built on Avalanche essentially run as independent...Rollups, on the other hand, mainly rely on the Ethereum base layer for finality and DA....ACP-125: Reduced the minimum base fee on the Avalanche C-Chain from 25 nAVAX to 1 nAVAX.
22 Min
Infrastructure
Jun 2025
Initia: Fulfilling The Appchain Vision
A fast confirmation layer with Single Slot Finality: Low-latency confirmations between L1 and L2s....fast coordinator layer for rollups....Initia L1 – The Orchestration Layer Initia L1 serves as the settlement and coordination layer for rollups...Initia L1 also functions as an external bridging layer for rollups.
31 Min
Layer 1 / L1
Feb 2025