DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

Some systems improve by failing — and crypto has no choice

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

As Hyperliquid and Lighter battle for perps DEX dominance, Boros could capture the structural upside

Investors are often right about the future, but wrong about the returns

A look back at 2025, reflections on our industry, and what it means for Blockworks in 2026

Hyperliquid’s weekly volume trails newer rivals as a Lighter airdrop looms

Gold is having its best year since 1979, while many DeFi names are trading near multi-year lows

Maple is outperforming peers on growth, yield, and revenue — while benefiting from limited supply overhang and clear value accrual

Will mega-unicorns collectively earn the trillions of dollars of revenue required to justify their valuations?