Now Available: Q2 2024 Crypto Market Report
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Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.
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CEX
25/07/2024 Deep Dive
What's Behind Turkey's Booming Crypto Market?Welcome to the Deep Dive! This week, we take a closer look at the rapidly growing Turkish crypto market. We’ll focus on the exchange landscape and evolving crypto regulation in Turkey.
Ethereum
22/07/2024 Data Debrief
Will the launch of spot ETH ETF be sell the news event?BTC surged above $67K following a massive global IT outage, Joe Biden ended his reelection bid on Su...
Written by The Kaiko Research TeamETF
19/07/2024 Deep Dive
BTC ETF 의 현물 시장 영향이번 주 리포트에서는 비트코인(BTC) ETF가 현물 BTC 시장 구조에 미친 영향을 분석하겠습니다. 특히 거래 활동과 유동성 측면에서 BTC ETF가 어떤 변화를 야기했는지 확인...
Written by Adam Morgan McCarthy
Ethereum
25/09/2023 Data Debrief
ETH, One Year Post-Merge.Bitcoin remained range-bound over the past week despite a hawkish Fed meeting that caused equity markets to shudder. Meanwhile, Mt Gox postponed its creditor repayment deadline, Balancer suffered yet another attack and Bybit announced it will suspend its UK services. This week we explore:
Written by The Kaiko Research TeamFTX
18/09/2023 Data Debrief
Will FTX Liquidations Trigger an Altcoin Crash?BTC made some early morning gains, crossing $27k for the first time since August 31. This capped a volatile week triggered by concerns around FTX’s altcoin liquidations. In other news, Deutsche Bank will offer crypto custody for institutional clients and the ECB hiked rates to an all-time high.This week we explore:
Written by The Kaiko Research TeamDEX
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 CareyLiquidity
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 TeamLiquidity
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 MedalieXRP
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 TeamStablecoin
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 CareyMemecoins
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 TeamLiquidity
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 MelachrinosBitcoin
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 TeamCEX
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 CareyCurve
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 TeamTether
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 TeamCurve
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 CareyBinance
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 TeamCEX
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
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