Blog

Dan Opondo

The $500M Volume Token With $200k of Real Liquidity

Picture a token’s page on a price tracker. Twenty-four-hour volume: $500 million. It looks like a market with real crowds and real money. Now open the order book and add up the buy and sell orders sitting near the current price. You find about $200,000. Divide the first number by the second and you get ...

Dan Opondo

Stablecoin Exchange Reserve: About $76 Billion Sitting on Exchanges

Every few months, a new headline tells us stablecoins are taking over payments. Salaries, remittances, supplier invoices, all moving on-chain. Some of that is true. But one number, buried in a research note from the Andersen Institute for Finance and Economics, tells a quieter story. About $76 billion of stablecoins were sitting on centralized exchanges ...

Dan Opondo

Crypto Trading Volume Vs Market Depth

Crypto Trading Volume: ±1% Market Depth Is the Road Ahead 

Crypto’s favorite number tells you what already happened. A quieter one tells you what a trade would do to the price. Almost exactly a year ago, on Oct. 10, 2025, crypto had its biggest liquidation day on record. About $19 billion in positions were wiped out. Exchanges were still posting enormous trading volume. A BeInCrypto ...

Isai Alexei

NFT Wash Trading Detection

NFT Wash Trading Detection: Study Flags 38% of Trades on Three Marketplaces

A study on NFT wash trading detection from the University of Pennsylvania, Boston University and the University of California, Los Angeles classifies about 38% of trades on LooksRare, Blur and OpenSea as likely manipulation. Brett Hemenway Falk, Gerry Tsoukalas and Niuniu Zhang measured wash trading directly from public on-chain data, tracing wallets instead of inferring ...

NFT Visual Traits

NFT Visual Traits: Price Premia in 94,039 Ethereum Sales

NFT visual traits carry measurable price premia and discounts in major Ethereum collections, and the size of the premia changes with market conditions, according to a paper by Samiha Tariq, a PhD candidate in economics at Southern Illinois University Carbondale. The study analyzes 94,039 secondary-market sales from 26 generative collections between January 2021 and March ...

RWA Tokenization Taxonomy

RWA Tokenization Taxonomy Classifies the 20 Largest Protocols by Legal and Technical Design

RWA tokenization gained a comparison framework in June 2026, when researchers Giorgio Vella, Luca Pennella and Mark C. Ballandies posted an study with a classification of real-world asset tokenization protocols across five components and 23 attributes. The authors applied the taxonomy to the 20 largest protocols on the DeFiLlama RWA dashboard, using the market-capitalization ranking ...

Isai Alexei

NFT Valuation: Reddit Sentiment Study

NFT Valuation: Sentiment Study of 87,696 Sales

NFT valuation in major Ethereum collections tracks the intensity and tone of Reddit discussion, according to a working paper by researcher Samiha Tariq posted on February 2, 2026. The study merges 87,696 secondary-market sales from January 2021 through March 2025 with Reddit-based attention and sentiment measures for 25 large generative collections. The author reports conditional ...

Machine_Learning_Crypto_Trading

Machine Learning Crypto Trading Models Rank Extrema Well but Lose Money on Binance Spot, Audit Finds

Machine learning crypto trading models ranked cryptocurrency price extrema accurately, yet lost money as Binance Spot trading policies. Researcher Ayoub Jadouli of Abdelmalek Essaâdi University audited candle-based timing models and recorded negative net results after assumed transaction costs in every executable test. All evaluated policies remain NO_TRADE. Ranking power and policy returns diverge Jadouli trained ...