Top Results1687 results
The Fat App Thesis: An Inflection Point in Value Accrual
But a chain is only as valuable as the sum total of the apps built on it....In this new paradigm, the true value of an L1 can’t be inferred simply from the total number of apps...or total users it supports....Low single txn fees/high total fees overall. Pure speculation continues.
43 Min
Layer 1 / L1
Apr 2025
Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane, and OEV Network
Recently, there has been an increasing focus on value accrual within blockchain networks....We will examine how these transaction ordering policies influence value capture at both the application...Transaction ordering policies are a critical aspect of network design, as they directly affect value...Value Accrual Auction proceeds are sent to Arbitrum DAO’s treasury.
16 Min
Layer 2 / L2
Sep 2024
The Public Crypto Accumulator Era - Part 1
By early 2025, total ETH holdings by public companies was estimated at just ~146,000 ETH, concentrated...This brought its total holdings to roughly 420,000 SOL, worth between $70–$75 million, making it the...In early 2025, the company disclosed its holdings of 596,714 SOL, including a block of 326,347 locked...
31 Min
Macro & Markets
Jun 2025
Positioning Early: Kittenswap, Hyperswap and the HyperEVM DeFi Opportunity
Expanding DeFi Ecosystem As mentioned, the HyperEVM is still in its infancy (just over $900 million in total...The total raise was approximately 60,000 HYPE (~$1.33M USD), with the initial crowdsale selling out its...Participants could choose to either claim their full allocation as veKITTEN locked for 2 years or unlock...
9 Min
DeFi
May 2025
Celestia's Roadmap: $TIA Time, or is DA a Commodity?
TVS (Total Value Secured) is a useful metric as it shows how much value is secured by a DA layer, so...Infra doesn’t accrue value, apps do Rollups are where value accrues: MEV, memes, users, governance,...Assuming each tx, when compressed, averages around 100 bytes, the total daily data posted would be ≈...
47 Min
Layer 1 / L1
Apr 2025
Vertical Integration vs. Creator Alignment: Pump.fun and Raydium's Battle for Solana's Memecoin Economy
Even now, they consistently make up about 25% of total DEX volume — a staggering figure for a single...assets made up about 40% of all swap volume on Raydium, helping drive a large share of the $900M+ in total...In other words: Raydium made more total fees than Pump — largely because Pump fed them the flow.
16 Min
DeFi
May 2025
Proof of Gamer: How KGeN is Reimagining User Acquisition
Saudi Arabia leads the charge, accounting for 60.6% of total gaming revenue and 30.3% of total MENA gamers...circulating supply that is effectively locked with market makers or exchanges....Oracle Keys will remain account-locked until the network transitions to phase two, at which point they...potential rewards (TPR) and locked platform value (LPV).
44 Min
Gaming
Feb 2025
Zenrock: Paving the Path in dMPC
The most notable hacks total over $965 million and include: The Ronin Bridge hack on March 23, 2022...These tokens represent an equivalent value of another cryptocurrency, allowing assets like Bitcoin to...While users’ BTC remains securely locked on the Bitcoin blockchain, their zenBTC helps secure other networks...
12 Min
Cross-Chain
Feb 2025
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
Today, total value locked in DeFi sits at about $90B, down from over $180B in 2022, even with the circulating...There has to be more value to offer to a wider range of users....In many ways, this is asset management reimagined for the internet of value: Seamless UI abstractions...
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....Owning the full stack not only lets them tailor the infrastructure but also capture more of the value...Avalanche also built a native messaging protocol to meet the demand for seamless value transfer between...
22 Min
Infrastructure
Jun 2025
Exploring Base's Role in the Growing Onchain Economy
value locked (TVL), bringing the total TVL across major networks to over $70 billion....Total Onchain Economy Total Onchain Metrics Total Onchain TVL Total Value Locked (TVL) is a metric used...>70% YTD total-value-locked increase.
35 Min
Layer 2 / L2
Nov 2024
Initia VIP: $300m in Token Rewards
This is based on: % supply of all INIT locked on their appchain....some also retain a % for themselves), usually through measurable onchain actions like transactions, LP value...According to their docs, 17.5M INIT will be distributed per year, corresponding to 7% of the 25% total...
6 Min
Gaming
May 2025
A Deep Dive on Galaxy Digital's Flagship AI Mining Center Helios
In addition to 800MW of currently approved power, Galaxy has an additional 1.7GW of capacity (for a total...By comparison, Digital Realty (DLR; ~$75B enterprise value) has 2.76GW of capacity spread across 308...Galaxy’s executed lease (~600MW (3)) with CoreWeave represents less than 25% of the total potential power...
4 Min
Macro & Markets
Jun 2025
Initia: Fulfilling The Appchain Vision
From the start, the value of the Cosmos ecosystem has never been reflected in ATOM’s price due to its...The total freedom Cosmos provides for building means ATOM lacks a clear value proposition for app-chains...plans to implement a staking model where $INIT insiders can stake their tokens, but all rewards will be locked...
31 Min
Layer 1 / L1
Feb 2025
An Ode To Bitcoin
Given one of the primary ways to value assets is through a multiple or income approach, it stood to reason...So, we began by comparing BTC’s potential market value to that of the investible gold market....It had all that going for it, and yet its total market value at the time was 1/12th the size of Microsoft...market value north of ~$2.1 trillion.
12 Min
Other
Dec 2024
Fuel Network: Engineered Playground For The Next Generation Of Apps
Fuel is also working on an MEV auction to distribute transaction ordering value amongst FUEL token holders...Crypto’s biggest wins so far have been in finance: store of value assets, stablecoins for payments, swaps...Only then does the asset locked at the predicate address unlock. Smooth and trustless execution.
30 Min
Infrastructure
Apr 2025
Programmable Asset Ledgers Will Eat The World
Settling trades instantly would meaningfully increase the total amount of transactions executed — something...As a result, this reduces the value prop of on-chain securities to something far less compelling: opening...Threat of Substitutes: Are there substitute products that undermine the value of the existing product...
25 Min
DeFi
Mar 2025
MegaETH: Performance to Compete With TradFi
...participation from market makers and extracting MEV on their transactions would discourage and erode value...Base alone, averaging roughly 20 MGas/s, uses about 11 KB/s—fully one-third of the total supply....and activity will adjust according to how it values these things – and it’s fair to assume they will value...
21 Min
Layer 2 / L2
Jan 2025
Subs Dot Fun: Tokenized Reddit
...about it – it was supposed to be a collection of communities each with its own culture, knowledge, and value...Value Creation Value created by online communities is captured by platforms (X, reddit) rather than their...The cool thing about having tokens integrated here is that the communities not generating value will...
7 Min
Social Media
Apr 2025
Finding the Fun in Fundamentals #1 - Mythical Games
This Polkadot Parachain currently hosts almost 6.3M total accounts and roughly 15k daily active accounts...the game saw a 25% increase in the number of players engaging in trading and a 45% increase in the total...fact that the web-based marketplace now represents 36% of total trades taken but 70% of total trading...total revenue at launch. ...
13 Min
Gaming
Mar 2025