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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Canton Wants Its Stock Trading 24/7. So Why Is the SEC Keeping It on a Short Leash?
Canton promises round-the-clock stock trading. But SEC restrictions reveal just how small the experiment must remain.
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
TVL Is Not Capital. Here’s What That Number Actually Measures and Hides
A billion dollars locked in DeFi may conceal overlapping claims, leverage, concentrated deposits, and weak demand.
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