Data-driven research on crypto
Market & project research, video interviews and our weekly newsletter

Token Terminal: Key Metrics FAQ
An overview of Token Terminal's key metrics, why they matter, and how they're derived with examples included.

How much does it really cost to run a DAO?
A breakdown of the operational costs of MakerDAO, Lido, and SushiSwap

How decentralized are the cap tables in crypto?
An overview of the protocols with the largest number of tokenholders, and a breakdown of the balances of their tokenholders.

Who earns fees in crypto?
An overview of the blockchains and dapps that generate the most fees, and an illustration how those fees are distributed between the protocol and its supply-side participants.

How many active users are there in crypto, really?
A comprehensive overview of usage statistics for the most widely used protocols.

Is crypto dead?
It's not. Let's explore the state of crypto through the lens of fundamentals.

Blur – The NFT marketplace for pro traders
Blur launched in October 2022 and quickly established itself as the market leader in terms of volume in the NFT space. In this episode we gain insights into Blur's day-to-day operations.

Axie Infinity – Digital property rights for all users of the internet
A dive into the world of Axie Infinity with Co-founder Jeff (Jiho) Zirlin. We discuss the Ronin chain, Axie's two-token model, ensuring the long-term sustainability of Axie's economy, what the future has in store, and more.

Euler Finance – Growing in a bear market
DeFi lending in a bear market, drivers behind Euler’s growth, the Euler DAO, bad debt in DeFi, feeless flash loans, the Eulerswap AMM, and more.