Research

Market share and liquidity on US-regulated exchanges following the collapse of FTX — The below report will examine volume and liquidity from 6 US-regulated* exchanges: Coinbase, Kraken, Bitstamp, Binance.US, Gemini, and Bittrex. All 6 exchanges have an A or above rating on Kaiko’s Exchange Rating and offer USD trading services, which is a requisite for institutional activity. Transparency in crypto markets is more…

Subscribe to our research newsletters here. All figures and data refer to the protocols’ iterations on Ethereum unless otherwise stated. Aave and Compound are two of DeFi’s stalwarts: the two largest lending and borrowing protocols on Ethereum, each with a TVL over ten times larger than the third largest protocol…

2022 has been a year of unity, progress and people powering research. We reflect on some key moments and give thanks to the many people who have made progress happen. It has been a challenging year for a lot of people and we know that this is set to continue…

Creativity seems to be understood unconsciously by all but giving it a clear definition is nearly impossible. It is a highly abstract concept whose definition changed drastically throughout the years. Creativity came a long way from being a gift sent by God to how we perceive it today. Creativity is…

Matt Dixon and George Lawson outline their framework for understanding the overlap between revolutionary and terrorist groups — On 20 April 1894, two anarchists — Giuseppe Farnara and Francis Polti — were sentenced to 30 years in jail at the Old Bailey in London for plotting to destroy capitalism. The evidence against them came from the testimonies of an engineer and a chemist who became suspicious of two…

I ‘quit’ a really promising research position four years after starting it. I’ve been asked not to use the word ‘quit’, as that gives a negative impact. But somehow I don’t look at it that way. Quitting doesn’t necessarily mean giving up. Rather, quitting resonates with me as pulling the…