Research

DeFi
Ether.fi – Q3 2025
Ether.fi’s Q3 2025: From staking infra to neobank; surging buybacks and product growth; toward staking & payments leadership.
September 9, 202532 min read

Liquid Staking
Lido - Q2 2025
Lido remains the most dominant liquid staking protocol on Ethereum despite minor pullbacks in ETH share and stETH APY.
July 16, 202526 min read

Perps
Vertex - Q1 2025
Vertex sustains high volume & TVL; launches Sonic & Avalanche, revises tokenomics; targets 25 chains 2025.
June 3, 202513 min read