Blog
Research worth your time.
Original analysis, sharp explainers, and the occasional contrarian take on crypto markets, narratives, and tokenomics.
Crypto Market Cap vs. Fully Diluted Valuation (FDV)
Market cap and fully diluted valuation tell very different stories. Learn how serious traders use the MC/FDV ratio to spot inflation traps and price unlock cliffs.
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13 articles
Best crypto to buy in 2026: a framework, not a list
Skip the listicles. The framework professional allocators use to pick crypto in 2026 — narrative, liquidity, catalyst, and risk-adjusted sizing.
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Ethereum vs Solana: the actual differences that matter
Ignore the tribes. A clean, non-partisan comparison of Ethereum and Solana on the dimensions that actually matter to users, builders, and investors.
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Stablecoins explained: USDT, USDC, DAI and the new wave
USDT, USDC, DAI, PYUSD, USDe — how stablecoins actually work, how the big four differ, and which one to use for what.
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The spot Bitcoin ETF, two years on: what changed
Two years in, the spot Bitcoin ETF has materially changed market structure. Here's what's measurably different — and what isn't.
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The RWA thesis, one year in
Tokenized treasuries crossed $1B. Here's what's actually different about real-world assets this cycle — and where the next $10B of TVL is going.
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How narrative rotation actually works
Four cycles of data on how attention moves between crypto sectors — and how to front-run it before the rotation becomes obvious.
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DeFi yield in 2026: where the real APR comes from
The 4-digit APR era is over. Here's where real DeFi yield actually comes from in 2026 — and the risk you take to earn it.
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Bitcoin 101: a no-nonsense primer
What Bitcoin is, why it works, and what actually drives the price — without the jargon.
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AI + DePIN: a clean explanation
Decentralized compute is the cleanest crossover bet in the cycle. Here's how the stack actually works.
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Crypto tax basics: a sane checklist for normal people
Crypto taxes without the panic. What's taxable, what isn't, and the records that save you four-figure mistakes later.
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Self-custody without paranoia
A practical self-custody setup for people who hold real money on-chain — without the doomer paranoia.
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FDV vs market cap, and why it matters
The one metric most retail investors ignore — and probably shouldn't. Fully diluted valuation, explained.
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Trading basics: order types and slippage
Limit, market, stop. The minimum you need to know before clicking buy on any crypto exchange or DEX.
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