One of our highest conviction theses at the start of the year was that — given a more supportive liquidity […]...

We explored how based rollups, preconfirmations, and shared sequencing can help to fix Ethereum's liquidity fragmentation...

We explored how based rollups, preconfirmations, and shared sequencing can help to fix Ethereum's liquidity fragmentation...

A Change of Seasons In crypto, nothing is older than our habit of calling everything new. — Mark Twain Despite […]...

“Oracle-less primitives” are aiming to revive foundational tenets such as decentralization, trustlessness and composability ensuring that they are not optional luxuries, but rather prerequisites for a...

Join the Research team for the second edition of the Office Hours call of 2024! As always, these webinars will […]...

Join the Macro & Markets team this Thursday (3/14) from 11am ET – 12PM ET for the next Markets Monthly […]...

While only accounting for 9% of all mobile games in 2020, IP games generated 17% of all downloads and more revenue relative to non-IP games. Almost all of the top 10 global IPs have expanded into gami...

“All the mixings needed to make a delicious cocktail for crypto markets are coming together, and things are really starting […]...

Introduction Bitcoin is having its moment in the sun. Once considered a boring asset within the crypto space, it is […]...

With the most recent Coinbase quarterly/annual numbers, this market memo aims to provide a short follow-up to our deep dive […]...

Crypto x AI is the hot new thing. Almost overnight, talk of d/acc and AI agents diffused across the timeline. […]...

Join the Research team this for the first edition of the Office Hours call of 2024! As always, these webinars […]...

Chapter 1: What are Ordinals & BRC-20s? 1. Introduction 2023 went down as one of the most transformative years in […]...

Join the Macro & Markets team this Thursday (2/15) from 11am ET – 12PM ET for our first webinar of […]...

Telegram trading bots burst on the scene last summer, offering the market a much-needed fun new concept in the midst of a lethargic bear market. Trading bots were a major driver in the memecoin rally...

We present our thesis for Farcaster which recently took crypto twitter by storm....

CT was initially filled with FUD and “I told you so” proclamations as the Bitcoin ETF approvals proved to be […]...

Bitcoin rebounded strongly in 2023, not just with respect to price but on-chain activity through ordinals and renewed interest in Bitcoin scaling. This report is a retrospective on what 2023 brought t...

We've identified Solana as an NFT ecosystem poised for significant growth this year. Solana is the "Dark Horse". Its blend of community and scalability makes it an increasingly attractive option for N...