Analysis, explainers, and long-form research on decentralized finance.
Paradigm doesn't lead many rounds. It led this one — $15M into GTE, a MegaETH order book claiming Binance-grade speed. The product isn't live. The points card already is.
Anatoly Yakovenko and Wintermute funded a perp DEX that lives inside a Solana validator. Still testnet, still no token — which is exactly why the pre-deposit…
Every perp DEX we've reviewed raised a seed round from someone. Hyperliquid raised nothing at all — and still trades more volume than its next four…
Jane Street and QCP put $5M into a perp DEX listing ~170 live markets — crypto, stocks, ETFs and forex from one USDC account. The points…
Squid Router's $QUID sale drew $26.5M against a $2.25M cap — 11.8x oversubscribed, public unlocked before insiders. The full numbers, and why the venue matters more…
Ondo Perps lets you trade Nvidia, gold and the S&P 500 around the clock with leverage, using tokenized stocks as margin. The fees, the points, and…
ether.fi Cash pays 3% back in USDC on a free, non-custodial Visa while your balance keeps earning DeFi yield. The real cashback math, the fees, and…
Hibachi is a pre-token perp DEX betting on speed and privacy, with weekly points ahead of a confirmed $HEAT launch. What it is, how points work,…
Fresh off an $80M Series A, Kast is turning stablecoins into everyday money. We break down the Kast Card's real cashback math, the fees nobody mentions,…
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