Latest Articles
KaspaRocket Has 180 Live Covenants. But How Much DeFi Activity Do They Represent?
KaspaRocket has 180 live mainnet covenants, but their trading activity remains a far more important question.
Meteora Looks Cheap at $180M. But Is Its Revenue Telling the Whole Story?
Meteora's revenue makes MET look undervalued, but token unlocks and conflicting figures complicate the investment case.
IOTA’s TWIN Enters EU Freight Pilot as Sweden and Estonia Test Digital Cargo Data
A Baltic freight pilot tests IOTA-linked infrastructure, but whether anything reaches the blockchain remains an open question.
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Flap Generated $41.7M in 30-Day Fees. We Traced Where the Money Actually Goes
Flap generated $41.7M in 30-day fees, but only $9.4M counted as protocol revenue. We traced where the rest of the money actually goes
HSBC’s Stablecoin Has HK$80 Million in Circulation. But Who’s Actually Using It?
HSBC RedCoin launched with HK$80 million circulating, but its private blockchain leaves actual payment activity largely unverified.
Hyperliquid Strategies Reported $621M in Profit. Its Operations Burned $17M in Cash
A $621 million quarterly profit concealed a different reality: HYPE gains surged while operating cash flowed out.
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