Every few weeks, a new headline says stablecoins moved tens of trillions of dollars. The figure is real. The problem is what it measures. BCG and Allium put gross stablecoin transfers at more than $62 trillion in 2025. After filtering out bots, trading, exchange routing and internal contract movements, they found only about $4.2 trillion ...
Everyone talks about Bitcoin’s limit of 21 million coins, and how 20 million are already out there. It sounds like a lot of Bitcoin is ready to be traded. But that’s not the whole story. For anyone watching Bitcoin’s supply, the important question is how much of that available Bitcoin is actually held by people ...
Blockchain attack detection gains broader coverage from a signal most detectors ignore: function names. TxLucent, a detector from the University of British Columbia, converts transaction call traces into function name sequences and classifies them with a Transformer, reaching a 1.56% false negative rate on 424 real incidents and a 0.0017% false positive rate on 537 ...
Bitcoin has more than 46 million addresses holding at least a dollar’s worth of coins, so it feels like a network owned by everyone. Yet, if you look at who holds the biggest piles, the picture changes quickly. Bitcoin ownership is highly concentrated. The claim holds up, but only if you are careful about what ...
DeFi decentralization moves along four dimensions at different speeds, and Aave protocol records show the split: mean weekly active position-holder addresses rose 91.0% around GHO stablecoin issuance on Ethereum, but only 1.7% around the token’s expansion to Arbitrum, where activity concentration climbed 58.1% while Ethereum concentration fell 31.5%. The comparison covers 1,956,216 Pool events and ...
Ethereum Gas Fees Peak at Hour 12 UTC in a Seven-Firm Dataset Ethereum gas fees follow an intraday pattern, and the pattern raises costs for operational firms with fixed transaction deadlines. An analysis of 62,142 confirmed Ethereum transactions from seven companies, collected between January and March 2026, places the cost peak at hour 12 UTC ...
NFT market correlations among Ethereum collections are weaker than correlations in cryptocurrency, stock and Forex markets, and they deviate from pure noise, according to a study by Marcin Wątorek, Paweł Szydło, Jarosław Kwapień and Stanisław Drożdż, posted in April 2024. The authors apply random matrix theory, detrended cross-correlation coefficients and minimal spanning trees to 90 ...
Loss-versus-rebalancing (LVR) costs a representative Ethereum liquidity position 471 basis points per year at Ethereum’s 12-second slot, and a jump-diffusion model of the reference price shows 125 basis points of the loss persist at any block speed. The result challenges the standard case for shorter blocks, which argues faster block production shrinks arbitrage profits against ...
Maximal extractable value (MEV) has pushed Ethereum to redesign its block production process, according to a primer published in March 2024 by economists Vijay Mohan and Peyman Khezr. The paper, funded by an Ethereum Foundation academic grant, treats block building as a knapsack problem and argues the auction design behind block space determines how much ...
PoliFi tokens, cryptoassets launched by political figures, track presidential approval ratings in a pattern major cryptoassets do not follow, according to a study posted on December 4, 2025 by Ignacy Nieweglowski, Aviv Yaish, Fahad Saleh and Fan Zhang of Staples High School, Yale University, IC3 and the University of Florida. The authors call the pattern ...
