Latest Articles
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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.
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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.
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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.
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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.