Uniswap (UNI) Deep Dive: Did the Fee Switch Fix the Token? 1. Introduction: Why Uniswap Matters Now For most of its life, Uniswap was the clearest example of a problem that runs through the whole of crypto. The protocol worked. It processed enormous volume, it generated hundreds of millions of dollars in trading fees every…
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Meme Coin History: How a 2013 Joke Became a $150B Market 1. Introduction: The $150 Billion Joke, Twelve Years On In December 2013 two engineers built a cryptocurrency to make fun of cryptocurrency. Eleven years later, in December 2024, the asset class they accidentally founded was worth more than $150 billion. Today, on 1 September…
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1.0 Introduction: The Convergence of Wall Street and Web3 In a world where DeFi pioneers have shown the power of blockchain infrastructure for native crypto assets, yet institutional capital and traditional financial markets still remain largely off-chain. The firm “bridge” is now being built. That bridge is the tokenization of real-world assets (RWA) and regulated…
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1.0 Introduction: The DEX Market Opportunity in the Wake of the FTX Collapse The dramatic collapse of FTX in late 2022 left an indelible mark on the digital-asset trading ecosystem. With users’ funds held in custodial wallets and managed by the exchange, the very foundation of trust was shaken. The failure served to highlight what…
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