May Analyst Call: Breaking down the the Bitcoin halving
Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.
29/04/2024 Data Debrief
Tether Loses Market Share.Welcome to the Data Debrief! BTC closed the week in the red as stagflation fears mount in the US, trading early Monday just above $62k. In other news, Consensys sued the SEC, Venezuela chose USDT for oil payments to sidestep sanct...
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25/04/2024 Deep Dive
Bitcoin's Fourth Halving: This Time is Different?This week we’ll provide an update on Bitcoin’s fourth halving, the impact its having on the market s...
Written by Adam Morgan McCarthy -
22/04/2024 Data Debrief
Bitcoin Halving Is HereWelcome to the Data Debrief! The much-anticipated fourth Bitcoin halving went live on April 20. Whi...
Written by The Kaiko Research Team
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14/09/2023 Deep Dive
Beneath the Surface of Uniswap Pools: Just-in-Time Liquidity RevisitedThis week we take another look at just–in–time liquidity, a little-studied phenomenon that has generated $750bn in liquidity event volume on Uniswap V3 this year.
Written by Riyad Carey -
11/09/2023 Data Debrief
Liquidity Remains Flat Amid Low VolatilityIt was another low-volatility week for crypto markets, though plenty still happened. Visa expanded stablecoin settlement to Solana, the London Stock Exchange Group is exploring plans for a digital asset business, and three DeFi protocols were hit with CFTC enforcement actions.This week we explore:
Written by The Kaiko Research Team -
07/09/2023 Deep Dive
The Crypto Liquidity Concentration Report.We are back this week with a brand new crypto liquidity analysis. Using trade volume and market depth, we find that the majority of liquidity is concentrated on just a handful of exchanges.
Written by Clara Medalie -
04/09/2023 Data Debrief
Bitcoin ETF Decision Ignites VolatilityMarkets pulled back after the SEC delayed a decision on several ETFs until October. In other news, Coinbase’s Base blockchain continues to see strong activity, the SEC settled with an NFT issuer, and a judge called ETH a commodity.
Written by The Kaiko Research Team -
31/08/2023 Deep Dive
Defining Depegs: A New Metric for Stablecoin StabilityThis week we present a novel method for measuring the severity of stablecoin depegs.
Written by Riyad Carey -
28/08/2023 Data Debrief
PEPE Plunges as Founders SellMarkets are flat with BTC and ETH still trading at 2-month lows. Last week, MasterCard and Visa announced they are stepping back from Binance card partnership, the IRS proposed new crypto tax rules, and the U.S. central bank Jackson Hole symposium failed to move markets.
Written by The Kaiko Research Team -
24/08/2023 Deep Dive
Comparing Liquidity on Uniswap and BinanceThis week we’ll take our first in-depth look at Market Depth on CEXs and on Uniswap V3 with a comparative approach. We’ll mainly focus on liquidity distribution across prices and markets, aiming to enhance our understanding of liquidity dynamics and provide you with tools to harness the potential of CEX/DEX data. In today’s trading landscape with DEXes gaining market share, knowing which exchanges or pairs offer optimal trade execution is crucial. Kaiko’s depth data makes that possible.
Written by Anastasia Melachrinos -
21/08/2023 Data Debrief
Top Trends of the SummerVolatility came back to life last week as BTC dropped 9% in under 24 hours, hitting its lowest level since June. Today’s Data Debrief is taking a broader view of the market, revisiting some of the key trends shaping the market this summer.
Written by The Kaiko Research Team -
18/08/2023 Deep Dive
Where Has the Volatility Gone?This week we recap a slow summer, examining volatility, liquidity, and volumes.
Written by Riyad Carey -
14/08/2023 Data Debrief
Curve 3pool Sees $175m OutflowsLast week, the U.S. SEC delayed its decision on the Ark 21Shares Bitcoin spot ETF application and said it will appeal the Ripple court ruling, Coinbase officially launched its Base Blockchain. The U.S. Fed added Hedera-based Dropp to its list of FedNow service providers.
Written by The Kaiko Research Team -
07/08/2023 Data Debrief
Tether Imbalance on Curve Raises QuestionsThe DeFi sector continues to reel from the Curve exploit, although more than 70% of funds have been returned. In non-exploit news, Coinbase exceeded analyst expectations with Q2 revenues, a wave of companies filed for ether ETFs, and Tether is now one of the largest Bitcoin holders.
Written by The Kaiko Research Team -
03/08/2023 Deep Dive
Loans, Buy Walls, and OTC Deals: The Curve Finance ExploitCurve Finance is back as the center of attention in DeFi just a few weeks after CEO Michael Egorov’s large CRV-backed loans drew scrutiny. This time, however, the inciting incident was an exploit.
Written by Riyad Carey -
31/07/2023 Data Debrief
The Impact of Binance's Zero-Fee VolumeIt was a landmark week for crypto regulation after the House Financial Services Committee advanced a crucial bill that could provide clearer guidelines for the industry if passed. In other news, Curve Finance experienced an exploit, crypto ETPs saw record inflows, and the Bank of Italy tapped Polygon for an institutional DeFi pilot.
Written by The Kaiko Research Team -
27/07/2023 Deep Dive
Breaking Down Worldcoin's LaunchWorldcoin’s launch was one of the most unique and controversial in recent years. Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like methods of achieving this goal (eyeball scans). This has been nicely summarized by the MIT Technology Review here. I’ll instead focus on why this launch was unique by analyzing tokenomics, trading, and liquidity.
Written by Riyad Carey -
24/07/2023 Data Debrief
Altcoin Dominance Hits 4-Month HighThe SEC finally responded to the Ripple ruling, asserting the case was “wrongly decided,” contributing to a slight pullback for altcoins amid a wider rally. This week, we explore Bitcoin dominance, centralized exchange concentration, the Arkham token launch, and bearish bets against BNB.
Written by The Kaiko Research Team -
20/07/2023 Deep Dive
Deep Dive: EthCC EditionThis week we have a special edition of our research dedicated to EthCC. The Kaiko team gave three technical presentations exploring market concepts, looking at Uniswap V3 LP trading strategies, market manipulation on centralized exchanges, and the importance of liquidity data in DeFi.
Written by The Kaiko Research Team