Research

Agentic Payments May 28, 2026 HTTP 402: How Machines Move Money Agentic Payments Mar 24, 2026 When Machines Move Money What do payment rails in an agentic economy look like? Infrastructure Mar 20, 2026 Block Building on Solana and the Future of Internet Capital Markets Privacy & ZK Jan 15, 2026 Building The Encrypted ICO With Zama Tokenization Dec 23, 2025 MetaDAO: The New Capital Formation Layer of The Internet AI & Agents Dec 18, 2025 Inside Talus: The Infrastructure for Onchain Autonomous Agents The agentic economy needs the right rails to flourish. DeFi Oct 29, 2025 Building DeFi’s Investment Bank Transparency does not solve coordination. Infrastructure Oct 24, 2025 Building Crypto’s Everything App What does a crypto-native Everything App look like in practice? DeFi Oct 22, 2025 Building The Real-Time DeFi Stack It's time to embrace DeFi protocols that adapt to real-time market conditions. Tokenization Oct 14, 2025 Tokenized Debt And The New Monetary Order What does it take to capture the tokenization opportunity? Agentic Payments Sep 25, 2025 Global Rails For The Future Of Money Movement What does purpose-built stablecoin infrastructure look like? AI & Agents Aug 22, 2025 Federated Learning Meets Blockchain: Inside FLock's Decentralized AI Network Exploring how FLock combines Federated Learning with blockchain-based incentive mechanisms to replace centralized AI systems. AI & Agents Jul 31, 2025 AI and Cognitive Over-the-Counter Transhumanism How Consumer AI and ChatGPT Tech Blur the Line Between Tool and Self Infrastructure Jul 21, 2025 Raiku: Solana’s High-Performance Edge Compute Layer Explore how Raiku brings deterministic execution to Solana, enabling applications to run with precision, reliability, and speed. AI & Agents Jul 17, 2025 CUDIS: The AI DePIN Smart Ring Democratizing Health Data on Solana Wellness is the next frontier, yet still a luxury. CUDIS blends wearables, AI, and blockchain to create a user-owned health economy that makes personalized longevity accessible and rewarding. Privacy & ZK May 28, 2025 Fairblock: Incorruptible Markets and Confidential Stablecoin Rails Fairblock is building the Incorruptible world computer that unlocks secure, trust-minimized applications crucial for the next generation of institutional-grade DeFi systems. DeFi May 16, 2025 Fragmetric: Unlocking Composable Restaking with Solana’s Token-2022 Standard Explore how Fragmetric is setting a new standard for modular, capital-efficient restaking on Solana. DeFi Mar 27, 2025 Unlocking Capital Efficiency Beyond Restaking with YieldNest Beyond restaking—unifying DeFi and restaking to deliver sustainable, risk-adjusted on-chain yields with YieldNest's MAX LRTs Privacy & ZK Mar 17, 2025 zkPass: Enabling Verifiable Data Composability zkPass is redefining privacy & data verification by integrating ZKPs, Multi-Party Computation (MPC), and 3P-TLS. It enables verifiable, privacy-preserving data sharing across finance, healthcare, etc. Privacy & ZK Mar 10, 2025 zkTLS: Verifiable Data Composability zkTLS integrates zero-knowledge proofs into TLS, enabling secure, private data verification between Web2 and Web3. Infrastructure Mar 6, 2025 Enso Network: The "Shortcut" To Your On-Chain Operations Explore how Enso leverages an intent-driven engine with “shortcuts” to provide efficient execution paths that make intents actionable and scalable, enabling seamless on-chain interactions across web3. DeFi Mar 4, 2025 Moonshot Mania: Democratizing Access to the "Memecoin Supercycle" Bubble The memecoin mania, driven by virality and speculation, is reshaping crypto’s intersection with finance, memes, and politics—while Moonshot leads with seamless access through its mobile app. Infrastructure Mar 3, 2025 SOON Network: Extending the SVM beyond Solana SOON is the first protocol to leverage Decoupled SVM, extending Solana’s execution beyond its native ecosystem and enabling the broader adoption of SVM-based rollups. Infrastructure Feb 27, 2025 Indirect Impacts of Chain Abstraction In this article, we analyse how Chain Abstraction unlocks capital efficiency across ecosystems, enhances gaming economies, and drives the evolution of venture investment toward consumer-focused dApps. Infrastructure Jan 30, 2025 Sonic SVM: The HyperGrid Future, Powering TikTok App Layer How Sonic SVM is Scaling TikTok’s Billion-User Reach with its Gaming Infrastructure on Solana. DeFi Jan 27, 2025 Jito Restaking Strategies: Optimizing Yield within the Solana Ecosystem An exploratory deep dive on the Jito (Re)staking Ecosystem and the emerging DeFi opportunities around it. DeFi Jan 7, 2025 The Rise of Restaking on Solana — A Jito Deep Dive Exploring Jito’s Role in Scaling Solana’s Economic Security Through Restaking DeFi Dec 11, 2024 EigenLayer Unlocked: A Viable Path towards Frictionless dApps Exploring EigenLayer’s Restaking Ecosystem with The Rollup Team AI & Agents Oct 16, 2024 Virtuals Protocol: Launching AI Agents with the Pump.fun Model Attention theory, memecoins and how Virtuals Protocol is shaping the new form of digital engagement and tokenized intelligence with AI Agents DeFi Oct 8, 2024 Polymarket and the Proliferation of Prediction Markets How Decentralized Prediction Markets such as Polymarket Are Reshaping Forecasting and Decision-Making in the Digital Age Infrastructure Sep 12, 2024 Bringing Macro Markets Onchain with Ostium A deep dive on the Ostium Protocol and the role of perpetuals in bringing macro markets onchain. Infrastructure Aug 7, 2024 Particle Network: The Chain Abstraction Layer Exploring the need for chain abstraction and how Particle Network is approaching this phenomenon. AI & Agents Jun 25, 2024 The Case for AI Agents in Web3 Gaming and Entertainment Exploring how AI agents stand to be the “Ace in the Hole” for web3’s gaming & entertainment verticals, with supplemental case studies. Infrastructure Jun 11, 2024 The Case for Compute DePINs Exploring the role compute DePINs can play in enabling decentralized GPU marketplaces, with comprehensive analysis and supplemental case studies provided. Infrastructure May 30, 2024 The 0-1 of Chain Abstraction A primer on the missing piece to achieving mainstream blockchain adoption, with supplemental case studies. AI & Agents May 16, 2024 The Convergence of Ai, DeFi and Intents with Aperture Finance Exploring how Aperture Finance converges AI, DeFi and intents to optimize on the shortcomings of crypto UX today. Infrastructure May 1, 2024 Parallel Execution: The Next Generation of Blockchains Exploring the design philosophies of parallelized blockchains and which teams are pushing the frontier today. Research Apr 15, 2024 Token2049 Dubai Event List by Shoal Research Shoal Research related satellite events at Token2049 Dubai 2024 Research Mar 25, 2024 Whales Market: Points OTC Marketplace A comprehensive overview of the Whales Market protocol. Research Mar 8, 2024 Assessing the Permissionless Lending Landscape Morpho vs Ajna vs Euler Infrastructure Mar 4, 2024 Value Accrual in the Modular Stack Unpacking where value might accrue in a modular blockchain future. DeFi Feb 29, 2024 Berachain: Building Sticky Liquidity A case study in Meme-to-Product strategy Research Feb 27, 2024 2024 Shoal Research Watchlist Trends we’re exploring in 2024 Research Feb 20, 2024 ETHDenver 2024 Event List by Shoal Research Shoal Research related satellite events at ETHDenver 2024 Research Feb 20, 2024 Drift Protocol: Solana’s Largest Perpetual Futures Exchange The evolution of Solana's largest perpetual exchange protocol DeFi Feb 14, 2024 Underwriting LRTs: Balancing High Yield with Novel Risks Underwriting the risk of Eigenlayer liquid restaking tokens within the DeFi ecosystem Research Feb 6, 2024 Perpetual Pre-Launch Futures How perpetual futures exchanges enable traders to leverage trade assets that have not yet been launched Research Jan 18, 2024 Jupiter Exchange: Solana’s Dex Aggregator Unpacking the fundamental investment catalysts behind Solana’s premier DEX aggregator. DeFi Dec 20, 2023 The Convergence of Yields The intersection and influence of traditional finance on DeFi yields DeFi Dec 18, 2023 Liquid Restaking Tokens: A new Frontier for Yield An Overview of liquid restaking tokens on Eigenlayer Research Nov 27, 2023 CoW Swap: Intents, MEV, and Batch Auctions Low Fees and MEV-Resistant Trades: Made possible through intent-based architecture Research Nov 20, 2023 MEV Protection: DEX & Aggregator Anti-MEV Mechanisms A look into decentralized exchange measures reducing maximal extractable value on swaps. DeFi Sep 19, 2023 Banana Gun: Telegram Sniper Bot Bringing MEV, Block 0, and token trading all in a single telegram user interface DeFi Sep 5, 2023 AMM LP-Enabled Perps, Options, and Volatility Trading Products Protocols that use AMMs (CFAMM/CLAMM) liquidity to power new trading products Research Aug 14, 2023 Ambient Finance: Enhancing AMM efficiency Ambient is an Decentralized Exchange - AMM focused on enhancing LP and trader capital efficiency. Research Jul 24, 2023 Beat the Case: The Significance of the XRP Case Ruling Broader implications of the partial judgement ruling in SEC vs. Ripple case. DeFi Jul 10, 2023 Maverick: The Dynamic Liquidity Provision AMM A Decentralized Exchange focused on automatically rebalancing liquidity positions for LPs and providing deep liquidity for traders DeFi Jun 30, 2023 Uniswap v4: The liquidity Marketplace Understanding uniswap v4 and its shift to a liquidity platform Agentic Payments Jun 23, 2023 Stablecoins backed by LSTs An In-depth Look into CDPs in LSTfi, and overcollateralized crypto backed stablecoins DeFi Jun 13, 2023 The Art and Science of Memecoin Bots, Tooling, and Infrastructure: A Comprehensive Study Exploring Crypto Bot Services, and a deep dive into bot tooling and Infrastructure Research Jun 5, 2023 An Intro to LSTfi Intro to LSTfi, growing trends in the LST space, and protocols to track Research May 24, 2023 Unibot: The Telegram Uniswap Sniper A bot to buy tokens in seconds all within telegram Infrastructure May 18, 2023 Trade Idea: Metaverse Resurgence A resurgence in the Metaverse narrative with the impending launch of Apple's AR/VR technology DeFi May 17, 2023 Poolshark: LP limit orders on Arbitrum The directional liquidity AMM enabling on chain limit orders Research Apr 18, 2023 Behind the Numbers: Investigating the Largest DEX Volume Days The Biggest DEX Volume Spikes and what caused them DeFi Mar 21, 2023 RYSK Finance: Dynamically Hedged Real Yield Uncorrelated returns leveraging RYSK low delta options vault Research Feb 28, 2023 The Peking Bull An intro to the China-led crypto bull pump to start the year DeFi Feb 21, 2023 GMX: A Real Yield & Defi Primitives Launchpad Defi composability, real yield, and 35+ protocols leveraging GMX perps protocol Research Feb 8, 2023 TridentDAO: Risk to Earn Gamefi Gaming leveraging a risk-based token economy Research Jan 31, 2023 Top Projects building on Arbitrum Comprehensive list of the top Arbitrum native protocols and emerging players Agentic Payments Jun 29, 2026 x402 Is More Than Agent Payments x402 is becoming the discovery layer for the agent economy, the place agents find services and providers get found and paid in the same call. AI & Agents Apr 4, 2026 OWS Hackathon: Policy-Gated Agents for Prediction Markets Policy-gated agent wallets for prediction markets: payment rails, connectivity standards, and the wallet problem. AI & Agents Mar 31, 2026 Orchestration Is All You Need: The Claude Code Leak Confirms It What the Claude Code leak tells us about the future of AI business infrastructure. AI & Agents Mar 28, 2026 Dashboards are Dead: The SaaS to AI-Agent CLI Pipeline The last time the customer changed from a human to a machine it created a $135B industry. The agent-first shift is bigger. AI & Agents Feb 14, 2026 GPT-4o Was Never the AI Girlfriend OpenAI retired GPT-4o and the backlash conversation is missing the point, and the opportunity, completely. AI & Agents Feb 12, 2026 The Permanent Underclass is a Product The Permanent Underclass is a concept plaguing retail, operators, and builders in the AI-osphere. It is also a product being sold to you. AI & Agents Jul 31, 2025 Cognitive Steroids: AI as Over-the-Counter Transhumanism How consumer AI blurs the line between tool and self. DeFi Dec 2, 2024 Left Curve | XRP Memecoin Onboarding 101 Loose thoughts on memecoin onboarding for the left curve. Educational purposes only. DeFi Nov 21, 2024 Are Memecoins Capped? A thought experiment on the flows of capital in memecoins as tokenized culture and attention. Shoal Signal Research Interview Jul 7, 2026 Value Accrual in the Agent Economy: Visa's Head of Crypto on Stablecoins, x402/MPP, and Card Networks Interview with Cuy Sheffield (Visa). Video and full transcript. Shoal Signal Research Interview Jul 1, 2026 Agents Will Run Their Own Businesses: Inside Laso, Agent Payment Cards, and the Agentic Economy Interview with Hunter Monk (Laso). Video and full transcript. Shoal Signal Research Interview Jun 23, 2026 Agents Already Spent $76 Million: Circle's AI Agent Stack, x402, Stablecoins and the Agentic Economy Interview with Corey Cooper (Circle). Video and full transcript. Shoal Signal Research Interview Jun 15, 2026 Agents Are the New Websites: MoonPay's Tony Plasencia on the CLI Bet and Agent Commerce Interview with Tony Plasencia (MoonPay). Video and full transcript. Shoal Signal Research Interview Jun 10, 2026 Browserbase: Fully Autonomous Is the Wrong Goal, 99% Accurate AI Agents Can Fail Catastrophically Interview with Derek Meegan (Browserbase). Video and full transcript. Shoal Signal Research Interview Jun 2, 2026 Privy and Agentic Commerce: Agent Wallets, Wallet Infrastructure & x402 Interview with Max Segall (Privy). Video and full transcript. Shoal Signal Research Interview May 27, 2026 GPU-Backed Debt and the Case for the End of SaaS Credit Interview with David Choi (USDAI). Video and full transcript. Shoal Signal Research Interview May 18, 2026 Why AI Agents Keep Failing Interview with Gabe Tramble (solo essay). Video and full transcript. Shoal Signal Research Interview May 14, 2026 New Media in the Age of AI: TBPN, OpenAI, and Media Defensibility Interview with Ashley Christenson. Video and full transcript. Shoal Signal Research Interview May 4, 2026 Anthropic Mythos in DeFi: Social Engineering and Security in the Age of AI Interview with Yuannan Yang (CertiK). Video and full transcript. Shoal Signal Research Interview May 3, 2026 The $292M KelpDAO Exploit: A Step-by-Step Autopsy Interview with Harry Donnelly. Video and full transcript. Shoal Signal Research Interview Apr 23, 2026 Stablecoins as Geopolitical Instruments Interview with Chunda McCain (Paxos Labs). Video and full transcript. Shoal Signal Research Interview Apr 20, 2026 Autonomous Agentic Commerce: Micropayments, AgentCash, x402 & MPP Interview with Shafu (Merit Systems). Video and full transcript. Shoal Signal Research Interview Apr 20, 2026 The Onchain Underworld: Solvers, Market Makers, Routing Algorithms, and Where AI Fits In Interview with Nikita (Barter). Video and full transcript.