Top Results1156 results
Vega: The Most Comprehensive On-Chain Exchange
Every attempt to build a decentralized exchange has been focused on a single market type....On centralized exchanges, either the exchange or a project actively solicits market making firms to provide...As a decentralized exchange, Vega will not engage in this....It’s an obvious problem for decentralized exchanges.
21 Min
Perpetual Futures
Feb 2022
ETH Exchange Outflows Outweigh Inflows In Anticipation of ETH-PoW Airdrop
ETH outflows from exchanges outweigh inflows, blockchain gaming continues to attract investors, and Binance...📊 ETH Exchange Outflows Continue to Outweigh Inflows Large amounts of ETH have continued to leave...exchange wallets, despite the declining ETH price....On August 29th, exchanges saw an outflow of over 476k ETH.
5 Min
Layer 1 / L1
Sep 2022
UST Overtakes DAI, Astroport TVL, USDT Supply on Exchanges
31% of USDT Supply Is Sitting on Exchanges Risk assets fell during Asian hours weighed down by rising...USDT supply on exchanges is at a 1-year high, indicating that investors have become risk-averse and sold...About 31% of the total USDT supply are sitting idle on exchanges, suggesting traders are turning risk-off...supply on exchanges respectively.
3 Min
Algorithmic Stablecoins
Dec 2021
Exchange Tokens: Features and Value Accrual
Centralized cryptocurrency exchange (“CEX”) tokens have seen a stellar run up year to date, with BNB...In this report, we will be studying the utility of exchange tokens across a number of centralized (CEX...) and decentralized (DEX) exchanges, as well as the cashflow accrual mechanism to token holders.
6 Min
Data
Apr 2021
Relief for DAI, Multi-Chain Competition, and Exchange Balances
BTC and ETH Leaving Exchanges Exchange balances of BTC and ETH have been on a consistent decline since...BTC balance on exchanges is currently at a three-year low, and ETH balance on exchanges is at a two-year...rise of DeFi has allowed users to seek yields on their assets rather than keeping them dormant on an exchange...on centralized exchanges.
4 Min
Infrastructure
Dec 2021
BTC Leaving Exchanges, Bridge Farms, & Pocket's Growth
Chart of The Day: BTC Exchange Balance Trends Down The BTC balance on exchanges recently hit its multi-year...As the adoption of Bitcoin increases, we see that more users are willing to take bitcoin off exchanges...Previously, the BTC balance peaked on March 2020’s Black Thursday when investors rushed into exchanges...
5 Min
Infrastructure
Mar 2022
DOGE vs. Small Cap Stocks
One of these is the Russell 2000, the ot...
1 Min
Macro & Markets
Aug 2025
Bitcoin vs. Stocks: The Great Decoupling
Stocks: The Great Decoupling I know, I know....Historically, BTC and stocks have maintained a fluid relationship; sometimes they move inversely to one...Meanwhile, the correlation between BTC and stocks has been strong in recent weeks as expectations for...On the flip side, if stocks are able to maintain their current uptrend and continue to push towards new...
4 Min
DeFi
Jul 2020
Exchange Exodus, Staking LUNA-cy, TikTok Trends
Exchange Exodus; Bullish for DEXes?...Yesterday marked the single largest daily outflow of BTC from exchanges since mid 2016....Binance and Coinbase were the top two exchanges in terms of absolute outflow....The million dollar question right now is whether this will benefit decentralized exchanges.
4 Min
NFTs & Gaming
Jul 2021
Exchange Tokens Rally Ahead of Coinbase IPO
Tomorrow will mark a historical moment in crypto as Coinbase’s stock, COIN, lists on the Nasdaq with...The rise in exchange tokens has been driven in large part by Binance’s BNB token, which recently reached...Over the last few months, volumes on centralized exchanges have surged, reaching new record highs.
4 Min
Spot Exchange
Apr 2021
Curve: Hypergrowth Stablecoin Exchange
Quick Background Curve is an exchange liquidity pool built on Ethereum to handle extremely efficient...While Curve is directly targeting this market between stablecoin exchanges, the total volume number of...$12.6T is misleading as while this amounts to total stablecoin exchange volumes, only a fraction would...
6 Min
DeFi
Jul 2020
Infrastructure
Jul 2019
The Future of Onchain: The Age of Tokenization & The Token Identity Crisis
Kraken aims to bring centralized exchange services on-chain, stating that they want Ink to become a “...Interestingly enough, Kraken has begun offering over 11,000 stocks on its app, placing it in a new category...With Kraken’s position as a major U.S. exchange, they have a unique competitive advantage in this realm...
20 Min
Other
May 2025
With The Merge In The Rear View, What's Next?
And if we include the fees burned (implemented through the London upgrade in August 2021), projections...It’s tough to say, as the stock market and BTC were both underwhelming following the merge, as well....risk asset pricing is still the macroeconomic influences such as global liquidity, dollar strength, stock...
10 Min
Macro & Markets
Sep 2022
The End Game
London during the blitz World War II and the death, debt, and destruction it wrought ultimately served...likelihood increased that these dollars would be converted into gold and that the U.S. monetary gold stock...Indeed, by 1959, the U.S. monetary gold stock equaled total external dollar liabilities, and by 1964,...
38 Min
Macro & Markets
May 2023
Markets Setup for Rollercoaster Ride in 2023
It was a fuking bloodbath, and most people will look at the table and think “but stocks were up.”8/ —...PauloMacro) February 2, 2023   We saw a similar dynamic back in Q2 2020 when the most heavily shorted stocks...Met a lot of sell-side strategists in London the last few days.
9 Min
Global Macro Themes
Feb 2023
Reflexivity & the Fall of the Efficient Market Hypothesis
...dealing in international investments from public and private equity deals to fixed income and foreign exchange...Soros began developing his theories while attending the London School of Economics in the 1950s....After completing his studies in London, Soros ended up as an arbitrage trader in New York....After the ‘twilight period’, the stock price trend reversed.
22 Min
Financial Market Themes
Aug 2022
LooksRare Volume Soars, Crypto vs IPOs, & Managing Merge Expectations
Just look at the performance of many overly hyped IPOs recently, which have seen their stock prices crater...Later on August 5th 2021, Ethereum underwent the London upgrade which included EIP-1559, this introduced...
8 Min
NFT Marketplace
Apr 2022
Volatility, Order Flow, & the Inelastic Market Hypothesis
Key Takeaways Why does the stock market exhibit so much volatility?..., what happens to the aggregate value of the stock market?...correlated stocks by some amount....The meme stock craze of 2021 is a fantastic example of this....rather than small cap stocks....Why does the stock market exhibit so much volatility?
24 Min
Macro & Markets
Nov 2022