Research

DeFi TVL has rebounded past $130 billion in 2026, but protocol revenue is concentrating in fewer hands than ever. Here is what the data actually shows.

42 state attorneys general subpoenaed OpenAI just days after it filed for an $852B IPO, demanding detailed AI model and safety records. This multi-state probe marks one of the largest regulatory actions against a tech company preparing to go public. Read the full details and implications for OpenAI’s valuation and listing timeline.

Bitcoin fell from $73K to below $63K in June 2026. JPMorgan data shows the debasement trade is unwinding faster than gold. Here is what the on-chain data reveals.

Tokenized real-world assets surged 589% in active issuance in 2026 even as broader crypto markets declined. Here is what the data actually shows.

Pew Research and Harris Poll data confirm crypto has crossed into the American mainstream in 2026, with 1 in 5 users and Republicans driving the newest adoption wave.

Spot crypto trading volume fell to $679 billion in April 2026, its lowest since October 2023. Here is what the on-chain data says about who is still buying.

On-chain data reveals a brutal divergence in Ethereum's Layer 2 ecosystem in 2026, a handful of chains capturing nearly all fee revenue while dozens fade.

Crypto VC deal count fell to roughly 50 monthly deals in May 2026, a five-year low. Here is where the surviving capital is actually flowing in 2026.

Bitcoin ETFs bled $2.4 billion in May 2026 while AI tokens surged. We map the capital rotation trade, who is selling, who is buying, and what comes next.

Ethereum spot ETFs surpassed $1.5B in net inflows during May 2026 as institutional allocators rotated from Bitcoin products into ETH. Here is what the data shows.