0xResearch Newsletter

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

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

2025 saw a huge compression in the valuation of new tokens, with the steepest losses in infrastructure and gaming

The AI sector was the top loser on the week, trading down -26%

The platform turns to onchain rails for Solana assets while crypto M&A and fundraising surge to cycle highs

Robinhood is pushing deeper into high-margin market design, joining competitors like Kalshi and DraftKings

Meanwhile, recent acquisitions continue to neglect tokenholders

Unit economics inflect, institutional capital shows up onchain, and market structure continues to evolve

The Nasdaq slipped yesterday after disappointing Q3 revenue from Oracle

Lightspeed IR, launched with the Solana Foundation, aims to give allocators a single surface for diligence and communication

BTC leads a broad crypto bid as ETFs post their strongest inflow in weeks

The exchange between Kamino and Jupiter has escalated from healthy competition to a clear public dispute

Crypto lags behind TradFi benchmarks, but trends in stablecoins, deposits and loans point to durable multi-year growth

Kalshi raises a billion dollars, and Trump’s new Fed Chair pick is imminent

Despite a soft market backdrop, Solana DeFi tokens showed relative strength, with Sanctum leading the pack

Nearly 40% of Hyperliquid’s daily active users trade through third-party frontends rather than the native UI

The data paint a complicated picture about user activity and the Monad ecosystem

Ethereum rolls out Fusaka, setting the stage for a stronger blob fee market and renewed deflationary potential

Money market indicators are flashing liquidity stress again as crypto underperforms equities

BTC’s Asia-session move and Ethena’s weaker yields reflect a market adjusting to tighter yen funding and softer derivatives carry

What Monad’s launch, MegaETH pre-market pricing, and the Berachain refund story say about today’s infra market

Prediction markets are hitting record volumes, while Neutrl opens one of crypto’s most overlooked yield opportunities