Eden Au

Stablecoins are tokens that peg their value to some commodity that is deemed to have a “stable” value. Most stablecoins such as Tether (USDT) and USD Coin (USDC) are pegged to the US dollar given the extreme demand in cryptocurrency trading against USD.   We have witnessed an exponential growth in stablecoin demand since 2020. More […]

The rise of content sharing platforms and social media like YouTube, TikTok, and the new invite-only Clubhouse reflects the rapid growth of the “creator economy”, an ecosystem centered around thousands of influencers who create and distribute content catered to their category-specific audience.  David Byrne once said, “the internet will suck all creative content out of […]

The total value locked (TVL) on Ethereum-based DeFi protocols has skyrocketed from 2020, reaching an all-time high at $48.76 billion this month. This rapid growth caught the attention of bad actors who try to profit from exploiting vulnerabilities in smart contracts. The Block Research estimated more than $120 million was exploited from DeFi smart contracts […]

We have witnessed an explosive growth in the cryptocurrency options market in 2020, as the market structure of centralized exchanges for options trading is maturing. The aggregated open interest of Bitcoin and Ethereum options have recently broken all-time highs at $12.2 billion and $3 billion, respectively, on February 21, 2021.   Despite growing interest in […]

Non-fungible tokens (NFTs) are tokens that have unique attributes and are often indivisible. NFTs are usually an on-chain representation of digital art pieces, collectibles, or in-game items. The Block Research have recently mapped out the current landscape of the NFT ecosystem across 9 verticals, including marketplaces, collectibles, games, domains, infrastructure, virtual reality (VR), etc. We […]

We have recently looked into the current landscape of stablecoins. The number of different attempts of building algorithmic stablecoins that are decentralized and under-collateralized has increased in recent months. Algorithmic-driven stablecoins such as Empty Set Dollar (ESD), Frax (FRAX), Dynamic Set Dollar (DSD), and Basis Cash (BAC) have a combined market capitalization of over 428 […]

While blockchain technology enables rapid clearing and settlement with transparency and immutability, most crypto-assets are volatile and are ill-suited as a medium of exchange. There is a vast demand for stablecoins and they will become one of the significant drivers in blockchain adoption this year. As their names suggest, stablecoins require mechanisms to absorb price […]