Reports54 results
Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane, and OEV Network
The report examines Arbitrum's proposed transaction ordering policy, Timeboost, which aims to enhance value capture while protecting users from negative aspects of miner extractable value (MEV) behavi...
16 Min
Layer 2 / L2
Sep 2024
Paladin of the Solana Round Table
The report discusses Paladin, a solution designed to combat predatory MEV while allowing validators, stakers to capture maximum proceeds from other MEV opportunities. We dive deeper into the Paladin b...
21 Min
DeFi
Sep 2024
Skip: Building Blocks in Cosmos
Protocols who are not able to capture the MEV they create will struggle to accrue value. This is where Skip comes in, providing the infrastructure for Cosmos appchains to capture their MEV....
22 Min
MEV
Apr 2023
Bitcoin Update: Reflecting on 2022 and the Future
The past year was a tumultuous one for Bitcoin, with usage stagnating and miners facing increasing pressure. But there were positives as well, like the introduction of Taro....
14 Min
Proof-of-Work
Jan 2023
The Year Ahead for Infrastructure
A popular takeaway regarding the FTX drama has been that this was not a DeFi problem, but a TradFi one. It’s absolutely true that custody risks apply to CEXs and not DeFi. Yet, given the size of the c...
83 Min
MEV
Dec 2022
The Oracle of Pyth
Pyth takes a fundamentally different and innovative approach to oracles, getting information directly from first-party sources, without the use of data aggregators in the middle....
20 Min
Oracles
Nov 2022
BTC Price Approaches Production Cost as Difficulty Increases
🌅 Welcome! The world’s largest DAO will be using Coinbase to custody its funds and the world’s largest company ensures […]...
4 Min
Miners
Oct 2022
Has Flashbots' Market Share Plateaued?
🌅 Welcome! Google has partnered with Coinbase Commerce to begin accepting crypto payments for cloud services in early 2023. Is […]...
5 Min
MEV
Oct 2022
MEV Manifesto
MEV is central in protocol design, and the underlying infrastructure is changing drastically. I analyze it all, censorship implications, and the road ahead....
37 Min
MEV
Oct 2022
Manifold Finance Gains Traction As The Merge Approaches
🚨 In Case You Missed It Near Protocol’s Rainbow Bridge repels an attack in 31 seconds, while attacker loses 5 […]...
4 Min
MEV
Aug 2022
BTC Production Cost, Bitcoin as Inflation Hedge, and Fuel Deep Dive
Chart of The Day: BTC Price Bounces After Hitting Production Cost Over the past 5 years, the electrical expenditure to […]...
6 Min
Infrastructure
Jul 2022
Valuing Layer 1s - Memes, Money, or More?
Over a decade after BTC went live, and we're still discovering why crypto assets have value. We unpack the essential value components for major L1s....
30 Min
Proof-of-Stake
Apr 2022
Managing Expectations Heading Into "The Merge"
Introduction While the nomenclature around the project has changed over the past few years, “The Merge” refers to the Ethereum […]...
11 Min
Proof-of-Stake
Apr 2022
Osmosis: Diffusion Across the Cosmos Ecosystem
Introduction Liquidity is the foundation upon which all else is built. Every prominent ecosystem has at least one DEX, and […]...
10 Min
AMM
Mar 2022
Uni Gains Ground, Miners Offload BTC, & MEV Profits Tighten
Uniswap Gaining in Stableswaps In May 2021, when V3 was released, Uniswap began to eat into Curve’s market share. This […]...
3 Min
Infrastructure
Feb 2022
L1 vs L2: Entering The Endgame
Introduction On-chain activity is taking off at warp speed, and with it so is demand for blockspace. While Ethereum’s blocks […]...
15 Min
Validators
Dec 2021
Moove Over MEV Milkers, Here Comes CowSwap
In Part 1 of this report series, we discussed what MEV is and why it exists, in addition to analyzing […]...
11 Min
MEV
Dec 2021
Flashing A Light On The Dark Forest - Part 1
The concept of Maximal Extractable Value (MEV) has been thrust into the spotlight over the past few years, particularly as […]...
13 Min
MEV
Oct 2021
Bitcoin Market Structure, Fees and Lightning
Market Update Barring a handful of tokens and stablecoins, virtually all of crypto is in the red today. The Sep. […]...
4 Min
Infrastructure
Sep 2021
EIP-1559: Burn Baby Burn
After much anticipation, EIP-1559 is set to go live next month. In this post, we'll attempt to answer the question on everyone's mind - will it turn ETH net deflationary and, if so, when?...
9 Min
Infrastructure
Jun 2021