In-depth analysis of protocols, markets, and emerging trends in on-chain finance. Written by analysts, for the industry.
An in-depth technical and market analysis of the Hyperliquid perpetual DEX, examining its HyperBFT consensus mechanism, order book architecture, and position within the broader on-chain derivatives landscape.
A data-driven examination of trading volumes, user growth, and protocol developments across leading perpetual DEX platforms.
A technical primer on how modern DEXes implement central limit order books on-chain.
A data-driven examination of trading volumes, user growth, and protocol developments across leading perpetual DEX platforms.
A technical primer on how modern DEXes implement central limit order books on-chain.
A comprehensive technical comparison of leading Layer 2 scaling solutions, examining their security assumptions and performance characteristics.
How the move to a dedicated appchain has reshaped dYdX's competitive position in perpetual markets.
How protocols source and secure external data — comparing pull-based, push-based, and optimistic oracle architectures.
Examining GMX's synthetic asset model and the architectural changes introduced in version 2.
Every piece of research published undergoes rigorous review. Our analysts rely on on-chain data, protocol documentation, and primary sources — never on hearsay or speculation.
Learn about our methodologyPrimary data from the blockchain itself.
No sponsored coverage. No undisclosed conflicts.
Every article reviewed by senior analysts.
Every claim sourced and verifiable.