The year new tokens died
2025 saw a huge compression in the valuation of new tokens, with the steepest losses in infrastructure and gaming According…
July 2026
The incredible, incomprehensible, possibly impossible world of trillion-dollar tech valuations
Will mega-unicorns collectively earn the trillions of dollars of revenue required to justify their valuations? According to Blockworks, will mega-unicorns…
Maple’s fundamentals are driving outperformance
Maple is outperforming peers on growth, yield, and revenue while benefiting from limited supply overhang and clear value accrual According…
Gold and silver won 2025
Gold is having its best year since 1979, while many DeFi names are trading near multi-year lows According to Blockworks,…
The perps wars are heating up
Hyperliquid’s weekly volume trails newer rivals as a Lighter airdrop looms According to Blockworks, hyperliquid’s weekly volume trails newer rivals…
2025 Reflections
A look back at 2025, reflections on our industry, and what it means for Blockworks in 2026 According to Blockworks,…
The old story of investing in new technology
Investors are often right about the future, but wrong about the returns According to Blockworks, investors are often right about…
A sleeper in the perps category
As Hyperliquid and Lighter battle for perps DEX dominance, Boros could capture the structural upside According to Blockworks, as hyperliquid…
Users are the best investors to have
Maybe tokenholders don’t need the rights that corporate shareholders have come to expect According to Blockworks, maybe tokenholders don’t need…
Yield Basis is making native BTC yield a reality
Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity According to Blockworks, yield basis introduces an…