CoinDesk Research
Latest from CoinDesk Research
Solomon's Synthetic Dollar in a Declining Treasury Market
Funding rate arbitrage is emerging as a renewed yield engine in a declining Treasury environment, and Solomon, a MetaDAO backed synthetic dollar protocol, offers a nascent take on the Ethena style trade with cleaner tokenomics, built in yield, and early stage valuation considerations.
Uniswap’s UNIfication Proposal - Buybacks & Competitive Risk
The fee switch ties UNI’s value to protocol revenue for the first time - but Aerodrome’s expansion could limit the upside.
Binance, Bitstamp and Coinbase Top CoinDesk’s November 2025 Exchange Benchmark
CoinDesk’s Exchange Benchmark is the industry standard for assessing risk and resilience among global digital asset exchanges.
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
Why Fundamentals Need Context
Solana’s ecosystem sectors are underperforming SOL despite strong narratives. Meanwhile, EtherFi’s “neobank” thesis faces valuation compression, and Ore’s recent move highlights why context matters.
The Structured Speculation Thesis - Why ICOs Are Back
As memecoin volumes collapse from 22% to 2% market share, Internet Capital Markets are channeling speculation into sustainable, governed fundraising.
The $19 Billion Liquidation That Shook Crypto
A historic $19 billion in leveraged positions vanished within 24 hours, exposing how macro shocks, leverage, and thin liquidity combined to trigger crypto’s largest-ever liquidation event.
OwlTing: Stablecoin Infrastructure for the Future
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
TRON Network: Q3 2025
With 65% of small-value USDT transfers and $6 billion in TVL, TRON doubled down on its retail payments focus through aggressive fee cuts and ecosystem expansion.
