Chains & Protocols
About blockchains and protocols operate, scale, and compete across the crypto ecosystem.
About blockchains and protocols operate, scale, and compete across the crypto ecosystem.
Institutional dependence risk describes how increasing participation by large financial entities can reshape blockchain ecosystem dynamics
Financial infrastructure refers to the foundational systems that enable asset issuance, custody, liquidity coordination, risk management across financial market
MEV first emerged in decentralized exchange arbitrage but has since expanded into a fundamental layer of Ethereum’s financial infrastructure
Ethereum distributes ordering authority across multiple actors operating within both consensus and off-chain coordination layers
Settlement in Bitcoin refers to the irreversible transfer of ownership once a transaction is confirmed on the blockchain with sufficient confirmation depth
Bitcoin’s fixed supply, decentralized issuance model, and global liquidity differentiate it from traditional reserve instruments
Financialization does not mean abstraction away from Bitcoin’s protocol. It means layering financial contracts on top of Bitcoin exposure
Long-term holders influence price indirectly by removing supply from circulation. However, they do not set the marginal price unless they actively place orders
MEV first emerged in decentralized exchange arbitrage but has since expanded into a fundamental layer of Ethereum’s financial infrastructure
Ethereum distributes ordering authority across multiple actors operating within both consensus and off-chain coordination layers
Settlement in Bitcoin refers to the irreversible transfer of ownership once a transaction is confirmed on the blockchain with sufficient confirmation depth
Bitcoin’s fixed supply, decentralized issuance model, and global liquidity differentiate it from traditional reserve instruments
Financialization does not mean abstraction away from Bitcoin’s protocol. It means layering financial contracts on top of Bitcoin exposure
Long-term holders influence price indirectly by removing supply from circulation. However, they do not set the marginal price unless they actively place orders