Market Insights
Research notes and thesis pieces.
Selected writing from our research team on markets, technology, and portfolio strategy.
Research
On-chain liquidity in 2026: what changed
A structural look at how liquidity has migrated across venues and what it means for allocators.
Read note →Thesis
The maturing Layer 2 investment thesis
Rollups have moved from experiment to infrastructure. We revisit the framework for evaluating them.
Read note →Playbook
Risk frameworks for digital asset portfolios
Practical position sizing and drawdown controls tailored to volatile markets.
Read note →Markets
Stablecoins outlook: regulation and rails
How regulatory clarity is reshaping the settlement layer of the digital economy.
Read note →