Private Credit Onchain: Three Models, One Gap
Figure, Maple, and Tradable now anchor the largest RWA category. The gap between distributed and represented value shows what "onchain credit" actually means.
DeFi about 13 hours ago
Who Builds the Blocks: The MEV Supply Chain in 2026
Titan holds half of Ethereum's block production. BuilderNet's TEEs and ePBS promise reform. Neither dismantles the moats that create concentration.
DeFi 5 days ago
Exit Hashrate: Miners, AI, and Bitcoin's Security Budget
Public Bitcoin miners are converting into AI datacenters. We examine what over $70B in HPC contracts means for hashrate, fees, and BTCFi security.
Where Stablecoins Actually Settle: Tempo, CPN, Plasma
The gap between $28T of stablecoin volume and the sliver that is actual payments, and what Tempo, CPN, and Plasma each try to solve.
DeFi 22 days ago
Selling Blobspace: Ethereum's DA Business Model After Fusaka
Fusaka multiplied Ethereum's blob capacity and set a fee floor. Revenue capture still lags. We examine whether cheap DA is a strategy or a subsidy.
DeFi 27 days ago
Trackers 트래커 トラッカー 追踪器 Trackers
Recents
View all Private Credit Onchain: Three Models, One Gap
Figure, Maple, and Tradable now anchor the largest RWA category. The gap between distributed and represented value shows what "onchain credit" actually means.
DeFi 13 min read
Who Builds the Blocks: The MEV Supply Chain in 2026
Titan holds half of Ethereum's block production. BuilderNet's TEEs and ePBS promise reform. Neither dismantles the moats that create concentration.
DeFi 14 min read
Exit Hashrate: Miners, AI, and Bitcoin's Security Budget
Public Bitcoin miners are converting into AI datacenters. We examine what over $70B in HPC contracts means for hashrate, fees, and BTCFi security.
Where Stablecoins Actually Settle: Tempo, CPN, Plasma
The gap between $28T of stablecoin volume and the sliver that is actual payments, and what Tempo, CPN, and Plasma each try to solve.
DeFi 17 min read
Selling Blobspace: Ethereum's DA Business Model After Fusaka
Fusaka multiplied Ethereum's blob capacity and set a fee floor. Revenue capture still lags. We examine whether cheap DA is a strategy or a subsidy.
DeFi 16 min read
[BTCFi Series 7] Covenants: Bitcoin's Frozen Fork
CTV and CSFS would unlock vaults, cheaper bridges, and Ark-scale off-chain venues. We trace why activation stalled and what a 2026 out-of-Core push means.
BTCFi 17 min read