The year is 1999, you show up at school and all the other kids are circled around your best friend. He's playing Pokemon Red, battling the Elite Four ...

Why is this a conversation? To most readers it makes little difference whether data in a figure is sourced from Dune Analytics or Coin Metrics. Howeve...

We’re living in crazy times: the expected volatility of US Treasuries is at its highest value since the launch of Ethereum. In heavy contrast, Ether...

In retrospect I think this is kind of a mid-curve take. I do think the analysis is interesting and that the perverting of miner incentives is a crucia...

This writing has been deprecated by full analysis available on my Substack. https://dataalways.substack.com/p/partial-withdrawals-after-the-shanghai ...

Bitcoin holders, as well as the wider crypto community, love to build narratives around pending mass adoption—”the early majority is coming, just you ...

Jeff Booth recently challenge another guest on a podcast to dissect his article Finding Signal in a Noisy World and find flaws. TLDR; Jeff Booth’s a...

I have never seen a community like the crypto community before. There is incredible work being done, but what truly stands out to me is that so many p...

In the context of yield chasing, Pareto efficiency refers to the idea of maximizing the yield on a portfolio while balancing the volatility of the und...

A year ago, I posted my take on both Bitcoin and Ethereum flows modelling. It would be an understatement to say that I was naïve compared to who I fee...

Ethereum finds itself post-merge, in the middle of a bear market, and with transaction fees trending towards their lowest point in two years. The Merg...

Today’s piece is a look at some less-common Ethereum (and ETH/BTC) charts that explore some of the unexpected behavior from this bear market and provi...

Pls ignore. ...

This article was originally published on Substack, April 13, 2022. It is released here under the notion that all Ethereum protocol research should be ...

This article was originally published on Substack on November 10, 2021. It is released here under the notion that all Ethereum protocol research shoul...

Note: Originally posted Nov 17, 2021 on Substack. In the current market, bitcoin is without doubt a short-volatility risk-on asset that benefits from ...

This article was originally published on Substack on February 16, 2021. It is released here under the notion that all Ethereum protocol research shoul...