Рыночные новости
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Grinch rally: Crypto indices track lower through the weekThe AI sector was the top loser on the week, trading down -26%
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The year new tokens died2025 saw a huge compression in the valuation of new tokens, with the steepest losses in infrastructure and gaming
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The incredible, incomprehensible, possibly impossible world of trillion-dollar tech valuationsWill mega-unicorns collectively earn the trillions of dollars of revenue required to justify their valuations?
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Maple’s fundamentals are driving outperformanceMaple is outperforming peers on growth, yield, and revenue — while benefiting from limited supply overhang and clear value accrual
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Gold and silver won 2025Gold is having its best year since 1979, while many DeFi names are trading near multi-year lows
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The perps wars are heating upHyperliquid’s weekly volume trails newer rivals as a Lighter airdrop looms
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2025 ReflectionsA look back at 2025, reflections on our industry, and what it means for Blockworks in 2026
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The old story of investing in new technologyInvestors are often right about the future, but wrong about the returns
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A sleeper in the perps categoryAs Hyperliquid and Lighter battle for perps DEX dominance, Boros could capture the structural upside
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Users are the best investors to haveMaybe tokenholders don’t need the rights that corporate shareholders have come to expect
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Yield Basis is making native BTC yield a realityYield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity
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Failure is an option in crypto financeSome systems improve by failing — and crypto has no choice
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The long wait for crypto’s “coffee pot” momentIn the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?
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Canton’s $6T RWA rails and Lighter’s Hyperliquid multipleDTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory
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DePIN and crypto gaming led a surprising end-of-year reboundBTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower
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Friday charts: Finding good news, in spite of bad headlines2025 was far from perfect, but much better than we think it was.
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ETH derivatives reset and the next retail tradeETH derivatives show a disciplined rebuild of risk, with rising open interest pointing to healthier leverage
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Ranger’s ICO starts today, and MetaDAO eyes a resetRanger’s Jan 6–10 sale could re-accelerate MetaDAO volumes and revenue
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The Strategy playbook looks different in 2026The treasury company now holds 673,783 BTC, but flow is more likely to be episodic in this year’s financial climate
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Venezuela’s sanctions are stablecoins’ proof of conceptBanned from the dollar system, the country uses digital dollars instead