Automation. Multi-polarity. Demographics. These are the three macro forces we will invest behind in the decade ahead. The value of human labor is being undercut by synthetic intelligence. The hegemon...

Stablecoin payments grew from $1.9B a month in early 2023 to over $10B by mid-2025, yet growth flattens outside contractor payroll, remittances, and card spend. A salary paid on-chain publishes the am...

Capable models now run at cents per million tokens and get swapped by the week, which has made the model the commodity in the stack. The value moved up a layer, to the harness that holds your context,...

The problem with token markets was never demand in isolation. It was the structure of what investors were being asked to buy. Across CEX listings, airdrops, unlock schedules, buybacks, memecoins, and...

One deposited dollar at Decibel does three jobs, and a second revenue stream holds when fees compress. The broadest roadmap in the category, and whether it ships is the test....

Ostium is building the decentralized broker layer for global markets, routing trades directly to institutional liquidity instead of recreating order books. The result is execution that scales with rea...

Ethereum’s limitations today are not solely a function of raw capacity alone. The current blockspace market has created an environment that has incentivized adversarial ordering games and bidding wars...

Jupiter has never raised a traditional venture round. The only known external investment is ParaFi Capital's recent $35M investment in Feb 2026, half a decade into its operations. With that near-zero...

Aptos is proving itself as the infrastructure layer for the financial internet. In December 2025, the network achieved sub-50 millisecond block times on mainnet. That's faster than any other major L...

2025 has been an exceptional year for stablecoins. So much so, that our thesis is that stablecoins will play a huge role on the infrastructural level going into the new year. From cross-border payment...

For most of its history, Bitcoin has been passive. Trusted, widely held, but underutilized. Hundreds of billions of dollars in BTC sat in cold storage or exchanges, doing little beyond simple transfer...

Crypto is closer than ever to a breakout consumer app. This report reflects the industry’s shift in focus, discussing the applications poised to onboard the masses....

Sport.Fun has quickly become one of the hottest consumer apps in crypto. It combines new-age market primitives with strategic gameplay, creating an engaging user experience. Fantasy games like FPL...

The Year Ahead for Markets 2026: After two years defined by liquidity withdrawal and elevated policy rates, 2026 marks a critical inflection point. This report explores how the macro regime is shiftin...

The biggest blocker for crypto capital hasn't been performance. It has been the confidence problem. Regulated finance has never been able to get Ethereum security without sacrificing the privacy and o...

Structured credit has always been defined by its bottlenecks. Verification takes weeks. Monitoring happens on a delay. Enforcement relies on intermediaries coordinating across disconnected systems. Th...

Most people in crypto treat the quantum threat like sci-fi, but the truth is uncomfortable: the math securing your Bitcoin, Ethereum, and DeFi holdings is on borrowed time. The clock is ticking. Shor’...

Sui's Q3 marked a shift from showcasing raw performance to demonstrating what the full Sui Stack can enable in real applications. With components like Seal, Walrus, Nautilus, SuiNS, zkLogin, and Passk...

The Macro & Market chartbook examines many of the key macro & market themes taking place throughout the course of the year. The chartbook publication aims to marry the top down macro-liquidity...

Zero-knowledge proofs (ZKPs) have moved from theoretical constructs to production-ready infrastructure in the last few years. If you’ve been keeping up with our coverage on zkVerify over the last year...