Reports

DeFi pain points are rapidly shrinking as new protocols build on existing core primitives and offer new innovations, often in a more collaborative, protocol-centered, and long-term-focused manner. We review recent progress, examine examples, and ponder the future of what many are calling DeFi 2.0 in

While NFTs are as permanent as the blockchain they reside on, much of an NFT’s data is stored off-chain and the the manner in which it is stored has profound implications for its permanence.

We review market making basics, liquidity provisioning on centralized and decentralized exchanges, and ponder what the future of market making may hold in this week’s Chart of the Week.

We provide a brief review of technical analysis for cryptocurrency trading in this week’s Chart of the Week.

Several institutions have added millions of dollars worth of Bitcoin to their corporate treasuries this year. We examine the current state of Bitcoin balance sheets in this week’s Chart of the Week.

Bitcoin turned in its best monthly performance since December 2020, entering the month around $43,800 and finishing at $61,300, for a 40% increase during October. The main highlight of the month was the resoundingly successful launch of ProShares futures-based Bitcoin Strategy ETF.

With Bitcoin’s biggest upgrade in years set to go live in November, we explore what Taproot means for the network and its users. 

Years in the making, a U.S. Bitcoin ETF has finally been approved. We examine the pros and cons of its futures-based construction and look at what may come next.

Venture fundraising by crypto companies continues to accelerate, driven by investment in centralized financial applications, infrastructure providers, and, more recently, NFTs.

After a 7x increase in NFT volumes from July to August, volumes, though still elevated, fell considerably in September. In this week’s Chart of the Week, we examine which projects have been driving this year’s growth before decomposing volumes into the number of wallets, sales per wallet, and