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...

Every system for discovering truth - science, journalism, capital markets- all run on incentives. Prediction markets make those incentives explicit....

The AI model wars are heating up. Every company wants its LLM model crowned king – but the key question is no longer whose model is technically superior, it has shifted to how these models can be harn...

RWAs are quickly becoming one of the strongest narratives in crypto. Treasuries, equities, credit, and even state-backed stablecoins are moving onchain, with more than $30b now tokenized. Institutions...

Before the cloud, building on the internet was as much an infrastructure problem as it was a software problem. In that era, building an internet application meant racking your own servers, managing yo...

Stablecoins have quietly become one of the largest payment rails in the world, settling more than $18 trillion in 2025, surpassing both Visa and Mastercard. What started as collateral for crypto tradi...