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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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.
Pump.fun Is Facing a Boycott. Who’s Still Paying the Fees?
Pump.fun faces a trader boycott, but its shifting fees and $2.5M competition complicate the story of who really benefits.
Plasma Once Attracted $6.6B. A Year Later, What Actually Survived?
Plasma's $6.6B Aave boom faded, but its payments business is growing. Ravel investigates what survived and what it means for XPL.
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