If the appchain thesis holds and every major app launches its own L2, they’ll need more than just pure infra; they’ll need a full-stack solution. This is where Initia steps in—offering customization w...

Welcome back to Market Musings, our weekly memo covering timely market happenings. A lot has happened in the short period of time since last week’s Musings, so let’s hop straight into it! The centr...

History suggests that markets often favor solutions that deliver tangible value, even when they involve calculated trade-offs. The success of Solana, despite initial centralization concerns, shows how...

Welcome back to Market Musings, our weekly publication designed to keep our readers informed about the most important and timely developments in the crypto market. It has been a while since our last p...

One of the biggest risks heading into to 2025 was that just about everyone was bullish. When consensus starts to gravitate towards one side, it doesn’t take much to rock the boat. Now, just over two w...

Virtuals has established itself as the casino of choice on Base, with fundamentals that measure up nicely to PumpFun and AI16z. Clanker has an emerging ecosystem that warrants consideration here as we...

2025 is poised to be a big year for both DeAI and DePIN, two crypto sectors we expect to continue outperforming as Bitcoin charts it’s course into the unknown. We expect 2025 to be the year where main...

The report outlines critical trends, innovations, and challenges expected to shape the decentralized finance (DeFi) landscape in 2025....

A few years ago the main excuse for why we didn’t have great applications was that the infra wasn’t ready. Fees were high, UX was bad and transactions were slow. Today, that’s no longer the case. With...

As the year winds to a close, it's time to look ahead to what 2025 will bring for markets. Our Year Ahead for Markets - 2025 does just that. We talk about the macro landscape and how falling rates...

The fight for player liquidity is in full effect, and liquid gaming tokens are struggling to find an audience. However, the small handful of highly-anticipated game launches, newly opened distribution...

The report reflects on Bitcoin's journey, its value proposition, and the potential future of the cryptocurrency as it reaches $100,000 per coin....

Are CDP stablecoins toast? They have a rich history in DeFi, but have fallen out of fashion over the past few years. Liquity appears to be a strong contender for CDP resurgence with its upcoming v2 re...

Fintechs like Robinhood and Revolut are launching their own stablecoins. Stripe just acquired a stablecoin company for $1.1B. And despite explicitly cannibalizing their own margins, incumbents like Pa...

By this point, the restaking pitch is well-known: use the already bootstrapped economic security of another asset to secure your app, instead of bootstrapping security from scratch with your own token...

Welcome to another Market Musings, spooky szn edition. Sixteen years ago, to the day, one of the most innovative and influential papers in the 21st century was published and began to permeate the...

The agentic economy may prove to be the most lucrative investment theme of our generation. With the value of your labor going to zero, the train only leaves the station once. The industrial revolution...

Much of the last few Market Musings has been focused on the shifting tides in macro land. And rightfully so – a lot has materially changed over the last several weeks. For those who haven’t had a...

Off The Grid - Web3’s first ever true AAA title - just launched on PC, PS5 and Xbox, marking the most exciting gaming release of this cycle. With top streamers like Ninja or Ludwig playing a Web3 game...

Protocols and applications are “thinning-out”, freeing up more room for whoever owns the end user. The “Fat Wallet Thesis” asserts that as the ultimate front-end, no one is better positioned to re-cap...