Reports763 results
PrismaX: Solving the Robotics Bottleneck
PrismaX is creating the connective tissue to link robots and humans by aggregating the edge-case training data that robotics companies need but can’t scale in-house. Today, this market is expensive, f...
29 Min
AI
4 days ago
Zora: Can't Stop Coining
This report has everything you need to know about Zora, the most polarizing project of the cycle. Zora is the latest attempt at Web3 Social, delivering a polished consumer app and strong support from...
40 Min
DeFi
Aug 2025
The Rise of Prop AMMs on Solana
The concept of a "prop AMM" may seem like a contradiction. AMMs by design are open, deterministic systems. Their role is to offer clear pricing curves, transparent pool balances, and trustless access...
24 Min
Spot Exchange
Jul 2025
Sanctum: Solana's Overlooked Fundamentals Play?
Sanctum is on an impressive growth trajectory and is one of the more innovative Solana projects, but it has flown under the radar and the CLOUD token has underperformed. Could its major unlocks mark t...
10 Min
DeFi
Jul 2025
Summer Doldrums Not So Dull - Macro & Markets June 2025
Geopolitical flareups, looming rate cuts and a growing institutional crypto wave are reshaping the macro landscape. From Circle’s explosive IPO to accelerating BTC ETF flows and the Fed’s shifting ton...
14 Min
Macro & Markets
Jul 2025
Shuffle: Stacking USDC from Casino Profits While Awaiting Rerating
Shuffle ($SHFL) fundamental analysis: Transparent cash distributions, defensive characteristics, and rerating potential in unloved casino sector....
19 Min
Betting
Jul 2025
Kill your customer: The death of KYC and the rise of ZK-TLS
KYC is finally meeting its match. Traditional checks cost North-American institutions $64 B a year and still expose users to sprawling data leaks. Our newest Delphi Pro deep-dive shows how Zero-Knowle...
20 Min
Macro & Markets
Jul 2025
Engineering Real Credit Onchain: The 3Jane Bet
Unsecured lending is arguably the biggest missing puzzle piece in DeFi's vision to upend and rewire the financial rails of the world. In our latest research piece, “Engineering Real Credit On-Chain: T...
18 Min
DeFi
Jul 2025
The Public Crypto Accumulator Era - Part 1
What began as a bold balance sheet directional bet has matured into a repeatable financial structure. Public crypto accumulation is no longer confined to Bitcoin, and it is no longer limited Microstra...
31 Min
Macro & Markets
Jun 2025
Finding the Fun in Fundamentals #2 - Wemade
Wemade’s journey offers a glimpse into what it takes to bring Web2 gamers and Web3 economies together. While their core business continues to deliver strong, compounding cash flows, Wemix still hasn’t...
18 Min
Gaming
Jun 2025
World: A Trillion Dollar Opportunity, or Just Another Low Float, High FDV?
The internet is becoming a house of mirrors.  Those concert tickets for your favorite artist that sold out in seconds? Snatched up by scalper bots. That attractive dating profile you just matched w...
26 Min
AI
May 2025
DeAI’s Path Forward: Trust & Efficiency
The transition to RoG-based frameworks reveals two fundamental vulnerabilities within the centralized cloud computing model. The first is blind trust: current cloud platforms do not provide hard evide...
22 Min
AI
May 2025
The Future of Onchain: The Age of Tokenization & The Token Identity Crisis
The regulatory environment for crypto has never been more bullish. With the SEC dismissing case after case against DeFi and crytpo, as well as Paul Atkins becoming the new SEC chair, the growing deman...
20 Min
Other
May 2025
Vertical Integration vs. Creator Alignment: Pump.fun and Raydium's Battle for Solana's Memecoin Economy
Pump.fun is vertically integrating Solana's memecoin economy through PumpSwap, capturing billions in trading value previously flowing to Raydium. Now controlling both token creation and trading, Pump....
16 Min
DeFi
May 2025
The Fat App Thesis: An Inflection Point in Value Accrual
We are witnessing the slow, structural inversion of crypto’s power dynamics. From infrastructure-heavy protocols with bloated valuations and abstracted use cases, to application-first ecosystems that...
43 Min
Layer 1 / L1
Apr 2025
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
DeFi Curators - Steakhouse Financial, Gauntlet, RE7 Capital, MEV Capital, Block Analitica - are an overlooked, yet lucrative business that is well positioned for growth as DeFi becomes more fintech fr...
26 Min
DeFi
Apr 2025
Story Protocol: Does IP Need a Chain?
Story Protocol offers an exciting, forward-thinking vision for intellectual property management in an AI-driven, digital economy. Rather than extending outdated legacy systems, Story takes a bold leap...
24 Min
Layer 1 / L1
Apr 2025
Celestia's Roadmap: $TIA Time, or is DA a Commodity?
Celestia has the tech and the thesis. What it doesn’t have is validation. It needs one breakout rollup, one app with traction and DA needs big enough to matter. That’s what turns the narrative into fe...
47 Min
Layer 1 / L1
Apr 2025
MON Protocol - Primed for IP Expansion
While the broader Web3 gaming market has been struggling, a handful of extremely well capitalized teams have seen their valuations retrace significantly from their early 2024 highs. Among them, MON Pr...
16 Min
Gaming
Apr 2025
Programmable Asset Ledgers Will Eat The World
Programmable asset ledgers will eat the world. The following essay explains how....
25 Min
DeFi
Mar 2025