Releases
Liquid Staking
A guide to understanding the Ethereum liquid staking landscape; how different liquid staking mechanisms work and the risks to ETH liquid staking.
Markets
A guide to understanding the factors affecting crypto token unlocks and its impact on token prices.
Games
Executive Summary Web3 gaming – an ever-changing term simply defined as video games with varying levels of embedded blockchain-based mechanics […]
Liquid Staking
In this report, we analyze the ETH staking market from a business and financial perspective. The end goal of this exercise is to try and ascertain these protocols' potential for value generation.
DeFi
We titled this year’s report The Great Reset because we believe that’s what 2022 represented for crypto – a great reset in prices, expectations, and speculative interest all across the industry. Every major tailwind that propelled the crypto market higher in Q2 2020-Q4 2021 turned against it, resulting in one of the sharpest and quickest price drawdowns we’ve seen to date. Bull markets are where most investors make their money, and bear markets are where you fight to preserve those gains. But long drawdowns have a silver lining in that they encourage deeper reflection, giving all of us a chance to re-evaluate what really matters and where we really want to spend our time.
Markets
2022 was The Great Reset for crypto. Overly hyped trends and mass speculation pushed the crypto market far out over its skis by the end of 2021, so this year’s washout was a necessary reset. Sizable corrections are healthy for long-term secular uptrends.
MEV
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 collapse, we find it important to ask why, despite all their inherent custodial risks, CEXs continue to attract capital at such higher orders of magnitude.
Games
Gaming was a primary driver of the 2021 mania, yet it has given way to cold realism as we move into the trough of disillusionment.
Options
In this report, we look to highlight some key opportunities and challenges for DeFi and spell out the reasons we remain optimistic that DeFi will thrive.
NFT Marketplace
We looked at the year that was and the year that may be in the world of NFTs.
Markets
Tokens are an integral part of crypto projects. Over the years, the way token economies are designed has changed considerably, becoming increasingly complex. They can help a good project prosper but fail to uphold inferior products.
Markets
We broke down the FTX collapse and what it means for the industry going forward.