Given this unique topology, the following analysis will employ a sum-of-the-parts approach that values...Unlike spot markets, the addressable market for perps listings is not tethered to native assets on a...find a resting state at 6% and 15% respective market share (2) HL grows its DEX market share to 75%...Is the market fairly pricing Hyperliquid?

Welcome back to Market Musings, our weekly memo covering timely market happenings....market environment....the broad crypto market)....the crypto market....Market prices react when something causes a change in market expectations....The central theme of last week’s Musings was the catalyst driven nature of the current market environment...

A comprehensive analysis of Blur, including potential cash flows and valuations that can be tied to the...A Comprehensive Analysis of Blur Blur has been able to achieve a level of product-market fit that has...For analysis purposes, we assume that Blur turns on the fee switch....Our analysis paints an optimistic picture.

...in providing a safe haven for investors and serving as the asset of choice across exchanges, lending markets...Currently, the total value of stablecoins stands at $135B, representing ~10.5% of the entire crypto market...Reverse Repurchase Agreements, Money Market Funds, and Non-U.S.

Where does that leave markets today?...in crypto markets to continue....Long time readers will know how much emphasis I place on order flow, volume, and simple price action analysis...Volume and price are the basis for most indicators and financial analysis, so going to the source makes...to shorter timeframe analysis....turned into a tale of two markets.

For this analysis, we took a conservative approach, assuming 60% of the esGMX supply reaches circulation...For this analysis, 100% of fees are included as earnings....Fuse was a permissionless money market where anyone could deploy a lending market and configure parameters...fit and lure market makers to the platform.

You don’t need a task market. The task market only exists for work Claude cannot do....Jack does not care about task markets; in fact, his article is implicitly short on task markets....However, Coinbase is best positioned to become the actual task market, or the rail that other task markets...or market conditions, or otherwise.

Apps like Pendle have found product market fit by allowing users to speculate on the points market....A complete analysis of cost structure differences can be found in Teleport’s Ridesharing Econ 101....There is no marketing budget; restaurants market to nearby restaurants and grow the business through...Location data is an estimated $12B market.

The core problem is that illiquid markets = inefficient markets....the market....Prediction markets do something similar for markets....Decision markets are essentially parallel markets for governance tokens....has anyone done an updated analysis on % of cex-dex volume that @FrontierDotTech did ~1.5 years ago?

markets....The market structure shift we discussed in the previous editions of Market Musings has solidified with...So far for the last year, the market has been very clear....Last cycle we had stables grow from $5-$10bn market cap to nearly $200bn market cap at peak.

DELPHI CONSULTING State of Token Markets Fixing the Issues Plaguing Token Issuance and Token Markets...With Performance II What Broke Token Markets The TRUMP Effect on Memecoin Markets IV The Way Forward...Memecoin markets must reclaim authenticity Tokens considered a junior investment class The market...Design Better token Markets.

Market signal is clear....These scenarios use the model-implied FDVs from the forward revenue analysis....Model FDVs from Slide 1 forward revenue analysis.​...Our analysis confirms this: across 28 earnings events for 7 major stocks, after-hours trading gets direction...

That leaves room for both sides of the market....Alpaca also reported holding 94% of market share in its July 2026 analysis....No lending market integrations yet....market....or market conditions, or otherwise....Tokenized stocks are now a roughly $3B market, but only about 6% of that value is deployed in DeFi.

...discussed many of them in detail in some of our prior reports, which complement the commentary and analysis...There’s 3x more money held in US money market funds compared to BTC’s market cap....When everyone believes the market is PvP, then the market indeed is PvP....Our Year Ahead for Markets - 2025 does just that....for markets.

...important and timely developments in the crypto market....It’s not been the bull market many had hoped for....Market Structure Musings While markets were certainly experiencing some excruciating pains last week,...This is very much like the market. Most of the time.

Analysis of Polymarket’s historical data reveals two insights: Accuracy Improves with Attention: The...markets....Voided Markets Problem As sports markets becoming an ever increasing part of prediction markets we have...The Top-Down Analysis The first approach is to view prediction markets as a disruptive competitor, poised...

...important and timely developments in the crypto market....But the inflation and labor market data show an evolving situation....Stablecoin market cap was ~$5 billion at the time....Delphi’s Market Matters (Delphi Research) The crypto markets are teetering on a knife’s edge.

Hey Delphi Community, Join the Macro & Markets team this Wednesday (7/17) from 11am ET – 12PM ET...for the next Market Matters!...Crypto markets have been in a rough spot over the last month, with BTC breaking through multi month range...With markets chopping and calls for a bear markets rising, it’s time to dig in.

...important and timely crypto market happenings....BTC Market Structure — Market Structure Shift Solidified When looking at BTC price action on the higher...For more information about low/high volume nodes, market structure, and auction market theory, check...What are prediction markets? What are the different types of prediction markets?

...bank, provides an in-depth analysis of these evolving secondary market themes and their implications...The digital asset secondary market is increasingly resembling the robust secondary markets in traditional...Theme #1 – Digital Asset Secondary Market Continues To Mature Digital asset markets have evolved markedly...finance markets.