https://shoal.xyz/research/writing/ Research on the agentic economy from Shoal Research. https://shoal.xyz/research/writing/http-402-how-machines-move-money/ https://shoal.xyz/research/writing/http-402-how-machines-move-money/ Thu, 28 May 2026 17:37:10 +0000 Agentic Payments https://shoal.xyz/research/writing/when-machines-move-money/ https://shoal.xyz/research/writing/when-machines-move-money/ Tue, 24 Mar 2026 13:39:47 +0000 Agentic Payments What do payment rails in an agentic economy look like? https://shoal.xyz/research/writing/block-building-on-solana-and-the/ https://shoal.xyz/research/writing/block-building-on-solana-and-the/ Fri, 20 Mar 2026 19:38:08 +0000 Infrastructure https://shoal.xyz/research/writing/building-the-encrypted-ico-with-zama/ https://shoal.xyz/research/writing/building-the-encrypted-ico-with-zama/ Thu, 15 Jan 2026 18:56:04 +0000 Privacy & ZK https://shoal.xyz/research/writing/metadao-the-new-capital-formation/ https://shoal.xyz/research/writing/metadao-the-new-capital-formation/ Tue, 23 Dec 2025 19:14:07 +0000 Tokenization https://shoal.xyz/research/writing/inside-talus-the-infrastructure-for/ https://shoal.xyz/research/writing/inside-talus-the-infrastructure-for/ Thu, 18 Dec 2025 18:15:30 +0000 AI & Agents The agentic economy needs the right rails to flourish. https://shoal.xyz/research/writing/building-defis-investment-bank/ https://shoal.xyz/research/writing/building-defis-investment-bank/ Wed, 29 Oct 2025 15:19:41 +0000 DeFi Transparency does not solve coordination. https://shoal.xyz/research/writing/building-cryptos-everything-app/ https://shoal.xyz/research/writing/building-cryptos-everything-app/ Fri, 24 Oct 2025 18:33:53 +0000 Infrastructure What does a crypto-native Everything App look like in practice? https://shoal.xyz/research/writing/building-the-real-time-defi-stack/ https://shoal.xyz/research/writing/building-the-real-time-defi-stack/ Wed, 22 Oct 2025 21:48:33 +0000 DeFi It's time to embrace DeFi protocols that adapt to real-time market conditions. https://shoal.xyz/research/writing/tokenized-debt-and-the-new-monetary/ https://shoal.xyz/research/writing/tokenized-debt-and-the-new-monetary/ Tue, 14 Oct 2025 00:01:33 +0000 Tokenization What does it take to capture the tokenization opportunity? https://shoal.xyz/research/writing/global-rails-for-the-future-of-money/ https://shoal.xyz/research/writing/global-rails-for-the-future-of-money/ Thu, 25 Sep 2025 12:01:45 +0000 Agentic Payments What does purpose-built stablecoin infrastructure look like? https://shoal.xyz/research/writing/federated-learning-meets-blockchain/ https://shoal.xyz/research/writing/federated-learning-meets-blockchain/ Fri, 22 Aug 2025 16:43:52 +0000 AI & Agents Exploring how FLock combines Federated Learning with blockchain-based incentive mechanisms to replace centralized AI systems. https://shoal.xyz/research/writing/ai-and-cognitive-over-the-counter/ https://shoal.xyz/research/writing/ai-and-cognitive-over-the-counter/ Thu, 31 Jul 2025 15:34:46 +0000 AI & Agents How Consumer AI and ChatGPT Tech Blur the Line Between Tool and Self https://shoal.xyz/research/writing/raiku-solanas-high-performance-edge/ https://shoal.xyz/research/writing/raiku-solanas-high-performance-edge/ Mon, 21 Jul 2025 16:16:47 +0000 Infrastructure Explore how Raiku brings deterministic execution to Solana, enabling applications to run with precision, reliability, and speed. https://shoal.xyz/research/writing/cudis-the-ai-depin-smart-ring-democratizing/ https://shoal.xyz/research/writing/cudis-the-ai-depin-smart-ring-democratizing/ Thu, 17 Jul 2025 17:51:58 +0000 AI & Agents 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. https://shoal.xyz/research/writing/fairblock-incorruptible-markets-and/ https://shoal.xyz/research/writing/fairblock-incorruptible-markets-and/ Wed, 28 May 2025 15:19:29 +0000 Privacy & ZK Fairblock is building the Incorruptible world computer that unlocks secure, trust-minimized applications crucial for the next generation of institutional-grade DeFi systems. https://shoal.xyz/research/writing/fragmetric-unlocking-composable-restaking/ https://shoal.xyz/research/writing/fragmetric-unlocking-composable-restaking/ Fri, 16 May 2025 14:52:50 +0000 DeFi Explore how Fragmetric is setting a new standard for modular, capital-efficient restaking on Solana. https://shoal.xyz/research/writing/unlocking-capital-efficiency-beyond/ https://shoal.xyz/research/writing/unlocking-capital-efficiency-beyond/ Thu, 27 Mar 2025 19:18:19 +0000 DeFi Beyond restaking—unifying DeFi and restaking to deliver sustainable, risk-adjusted on-chain yields with YieldNest's MAX LRTs https://shoal.xyz/research/writing/zkpass-enabling-verifiable-data-composability/ https://shoal.xyz/research/writing/zkpass-enabling-verifiable-data-composability/ Mon, 17 Mar 2025 17:30:55 +0000 Privacy & ZK 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. https://shoal.xyz/research/writing/zktls-verifiable-data-composability/ https://shoal.xyz/research/writing/zktls-verifiable-data-composability/ Mon, 10 Mar 2025 16:16:22 +0000 Privacy & ZK zkTLS integrates zero-knowledge proofs into TLS, enabling secure, private data verification between Web2 and Web3. https://shoal.xyz/research/writing/enso-network-shortcuts/ https://shoal.xyz/research/writing/enso-network-shortcuts/ Thu, 06 Mar 2025 18:06:27 +0000 Infrastructure 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. https://shoal.xyz/research/writing/moonshot-mania-democratizing-access/ https://shoal.xyz/research/writing/moonshot-mania-democratizing-access/ Tue, 04 Mar 2025 19:01:13 +0000 DeFi 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. https://shoal.xyz/research/writing/soon-network-extending-the-svm-beyond/ https://shoal.xyz/research/writing/soon-network-extending-the-svm-beyond/ Mon, 03 Mar 2025 16:15:30 +0000 Infrastructure 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. https://shoal.xyz/research/writing/the-indirect-impacts-of-chain-abstraction/ https://shoal.xyz/research/writing/the-indirect-impacts-of-chain-abstraction/ Thu, 27 Feb 2025 17:51:05 +0000 Infrastructure 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. https://shoal.xyz/research/writing/sonic-svm/ https://shoal.xyz/research/writing/sonic-svm/ Thu, 30 Jan 2025 17:50:49 +0000 Infrastructure How Sonic SVM is Scaling TikTok’s Billion-User Reach with its Gaming Infrastructure on Solana. https://shoal.xyz/research/writing/jito-restaking-strategies/ https://shoal.xyz/research/writing/jito-restaking-strategies/ Mon, 27 Jan 2025 17:58:29 +0000 DeFi An exploratory deep dive on the Jito (Re)staking Ecosystem and the emerging DeFi opportunities around it. https://shoal.xyz/research/writing/the-rise-of-restaking-on-solana/ https://shoal.xyz/research/writing/the-rise-of-restaking-on-solana/ Tue, 07 Jan 2025 18:32:20 +0000 DeFi Exploring Jito’s Role in Scaling Solana’s Economic Security Through Restaking https://shoal.xyz/research/writing/eigenlayer-unlocked-a-viable-path/ https://shoal.xyz/research/writing/eigenlayer-unlocked-a-viable-path/ Wed, 11 Dec 2024 18:44:57 +0000 DeFi Exploring EigenLayer’s Restaking Ecosystem with The Rollup Team https://shoal.xyz/research/writing/virtuals-protocol-launching-ai-agents/ https://shoal.xyz/research/writing/virtuals-protocol-launching-ai-agents/ Wed, 16 Oct 2024 15:31:16 +0000 AI & Agents Attention theory, memecoins and how Virtuals Protocol is shaping the new form of digital engagement and tokenized intelligence with AI Agents https://shoal.xyz/research/writing/prediction-markets/ https://shoal.xyz/research/writing/prediction-markets/ Tue, 08 Oct 2024 14:50:01 +0000 DeFi How Decentralized Prediction Markets such as Polymarket Are Reshaping Forecasting and Decision-Making in the Digital Age https://shoal.xyz/research/writing/bringing-macro-markets-onchain-with/ https://shoal.xyz/research/writing/bringing-macro-markets-onchain-with/ Thu, 12 Sep 2024 14:54:08 +0000 Infrastructure A deep dive on the Ostium Protocol and the role of perpetuals in bringing macro markets onchain. https://shoal.xyz/research/writing/particle-network-the-chain-abstraction/ https://shoal.xyz/research/writing/particle-network-the-chain-abstraction/ Wed, 07 Aug 2024 16:55:43 +0000 Infrastructure Exploring the need for chain abstraction and how Particle Network is approaching this phenomenon. https://shoal.xyz/research/writing/the-case-for-ai-agents-in-web3-gaming/ https://shoal.xyz/research/writing/the-case-for-ai-agents-in-web3-gaming/ Tue, 25 Jun 2024 16:00:57 +0000 AI & Agents Exploring how AI agents stand to be the “Ace in the Hole” for web3’s gaming & entertainment verticals, with supplemental case studies. https://shoal.xyz/research/writing/the-case-for-compute-depins/ https://shoal.xyz/research/writing/the-case-for-compute-depins/ Tue, 11 Jun 2024 19:19:56 +0000 Infrastructure Exploring the role compute DePINs can play in enabling decentralized GPU marketplaces, with comprehensive analysis and supplemental case studies provided. https://shoal.xyz/research/writing/the-0-1-of-chain-abstraction/ https://shoal.xyz/research/writing/the-0-1-of-chain-abstraction/ Thu, 30 May 2024 17:13:19 +0000 Infrastructure A primer on the missing piece to achieving mainstream blockchain adoption, with supplemental case studies. https://shoal.xyz/research/writing/the-convergence-of-ai-defi-and-intents/ https://shoal.xyz/research/writing/the-convergence-of-ai-defi-and-intents/ Thu, 16 May 2024 21:12:24 +0000 AI & Agents Exploring how Aperture Finance converges AI, DeFi and intents to optimize on the shortcomings of crypto UX today. https://shoal.xyz/research/writing/parallel-execution-the-next-generation/ https://shoal.xyz/research/writing/parallel-execution-the-next-generation/ Wed, 01 May 2024 17:08:43 +0000 Infrastructure Exploring the design philosophies of parallelized blockchains and which teams are pushing the frontier today. https://shoal.xyz/research/writing/token2049-dubai-event-list-by-shoal/ https://shoal.xyz/research/writing/token2049-dubai-event-list-by-shoal/ Mon, 15 Apr 2024 15:47:34 +0000 Research Shoal Research related satellite events at Token2049 Dubai 2024 https://shoal.xyz/research/writing/whales-market-points-otc-marketplace/ https://shoal.xyz/research/writing/whales-market-points-otc-marketplace/ Mon, 25 Mar 2024 13:46:59 +0000 Research A comprehensive overview of the Whales Market protocol. https://shoal.xyz/research/writing/assessing-the-permissionless-lending/ https://shoal.xyz/research/writing/assessing-the-permissionless-lending/ Fri, 08 Mar 2024 02:09:56 +0000 Research Morpho vs Ajna vs Euler https://shoal.xyz/research/writing/value-accrual-in-the-modular-stack/ https://shoal.xyz/research/writing/value-accrual-in-the-modular-stack/ Mon, 04 Mar 2024 19:07:40 +0000 Infrastructure Unpacking where value might accrue in a modular blockchain future. https://shoal.xyz/research/writing/berachain-building-sticky-liquidity/ https://shoal.xyz/research/writing/berachain-building-sticky-liquidity/ Thu, 29 Feb 2024 18:44:44 +0000 DeFi A case study in Meme-to-Product strategy https://shoal.xyz/research/writing/2024-shoal-research-watchlist/ https://shoal.xyz/research/writing/2024-shoal-research-watchlist/ Tue, 27 Feb 2024 18:00:36 +0000 Research Trends we’re exploring in 2024 https://shoal.xyz/research/writing/ethdenver-2024-event-list-by-shoal/ https://shoal.xyz/research/writing/ethdenver-2024-event-list-by-shoal/ Tue, 20 Feb 2024 19:50:44 +0000 Research Shoal Research related satellite events at ETHDenver 2024 https://shoal.xyz/research/writing/drift-protocol-solanas-largest-perpetual/ https://shoal.xyz/research/writing/drift-protocol-solanas-largest-perpetual/ Tue, 20 Feb 2024 16:15:09 +0000 Research The evolution of Solana's largest perpetual exchange protocol https://shoal.xyz/research/writing/underwriting-lrts-balancing-high/ https://shoal.xyz/research/writing/underwriting-lrts-balancing-high/ Wed, 14 Feb 2024 15:15:58 +0000 DeFi Underwriting the risk of Eigenlayer liquid restaking tokens within the DeFi ecosystem https://shoal.xyz/research/writing/perpetual-pre-listings/ https://shoal.xyz/research/writing/perpetual-pre-listings/ Tue, 06 Feb 2024 16:12:32 +0000 Research How perpetual futures exchanges enable traders to leverage trade assets that have not yet been launched https://shoal.xyz/research/writing/jupiter-exchange-solanas-dex-aggregator/ https://shoal.xyz/research/writing/jupiter-exchange-solanas-dex-aggregator/ Thu, 18 Jan 2024 16:50:23 +0000 Research Unpacking the fundamental investment catalysts behind Solana’s premier DEX aggregator. https://shoal.xyz/research/writing/the-convergence-of-yields/ https://shoal.xyz/research/writing/the-convergence-of-yields/ Wed, 20 Dec 2023 19:07:17 +0000 DeFi The intersection and influence of traditional finance on DeFi yields https://shoal.xyz/research/writing/liquid-restaking-tokens-a-new-frontier/ https://shoal.xyz/research/writing/liquid-restaking-tokens-a-new-frontier/ Mon, 18 Dec 2023 17:54:48 +0000 DeFi An Overview of liquid restaking tokens on Eigenlayer https://shoal.xyz/research/writing/cow-swap-intents-mev-and-batch-auctions/ https://shoal.xyz/research/writing/cow-swap-intents-mev-and-batch-auctions/ Mon, 27 Nov 2023 17:00:36 +0000 Research Low Fees and MEV-Resistant Trades: Made possible through intent-based architecture https://shoal.xyz/research/writing/mev-protection-dex-and-aggregator/ https://shoal.xyz/research/writing/mev-protection-dex-and-aggregator/ Mon, 20 Nov 2023 14:10:24 +0000 Research A look into decentralized exchange measures reducing maximal extractable value on swaps. https://shoal.xyz/research/writing/banana-gun-telegram-sniper-bot/ https://shoal.xyz/research/writing/banana-gun-telegram-sniper-bot/ Tue, 19 Sep 2023 15:45:21 +0000 DeFi Bringing MEV, Block 0, and token trading all in a single telegram user interface https://shoal.xyz/research/writing/amm-lp-enabled-perps-options-and/ https://shoal.xyz/research/writing/amm-lp-enabled-perps-options-and/ Tue, 05 Sep 2023 15:45:08 +0000 DeFi Protocols that use AMMs (CFAMM/CLAMM) liquidity to power new trading products https://shoal.xyz/research/writing/ambient-finance-enhancing-amm-efficiency/ https://shoal.xyz/research/writing/ambient-finance-enhancing-amm-efficiency/ Mon, 14 Aug 2023 15:30:11 +0000 Research Ambient is an Decentralized Exchange - AMM focused on enhancing LP and trader capital efficiency. https://shoal.xyz/research/writing/beat-the-case-the-significance-of/ https://shoal.xyz/research/writing/beat-the-case-the-significance-of/ Mon, 24 Jul 2023 01:30:03 +0000 Research Broader implications of the partial judgement ruling in SEC vs. Ripple case. https://shoal.xyz/research/writing/maverick-the-dynamic-liquidity-provision/ https://shoal.xyz/research/writing/maverick-the-dynamic-liquidity-provision/ Mon, 10 Jul 2023 01:30:55 +0000 DeFi A Decentralized Exchange focused on automatically rebalancing liquidity positions for LPs and providing deep liquidity for traders https://shoal.xyz/research/writing/uniswap-v4-the-liquidity-marketplace/ https://shoal.xyz/research/writing/uniswap-v4-the-liquidity-marketplace/ Fri, 30 Jun 2023 19:30:44 +0000 DeFi Understanding uniswap v4 and its shift to a liquidity platform https://shoal.xyz/research/writing/stablecoins-backed-by-lsts/ https://shoal.xyz/research/writing/stablecoins-backed-by-lsts/ Fri, 23 Jun 2023 01:25:07 +0000 Agentic Payments An In-depth Look into CDPs in LSTfi, and overcollateralized crypto backed stablecoins https://shoal.xyz/research/writing/the-art-and-science-of-memecoin-bot/ https://shoal.xyz/research/writing/the-art-and-science-of-memecoin-bot/ Tue, 13 Jun 2023 15:13:55 +0000 DeFi Exploring Crypto Bot Services, and a deep dive into bot tooling and Infrastructure https://shoal.xyz/research/writing/an-intro-to-lsdfi/ https://shoal.xyz/research/writing/an-intro-to-lsdfi/ Mon, 05 Jun 2023 14:34:49 +0000 Research Intro to LSTfi, growing trends in the LST space, and protocols to track https://shoal.xyz/research/writing/unibot-the-telegram-uniswap-sniper/ https://shoal.xyz/research/writing/unibot-the-telegram-uniswap-sniper/ Wed, 24 May 2023 19:01:07 +0000 Research A bot to buy tokens in seconds all within telegram https://shoal.xyz/research/writing/trade-idea-metaverse-resurgence/ https://shoal.xyz/research/writing/trade-idea-metaverse-resurgence/ Thu, 18 May 2023 21:30:51 +0000 Infrastructure A resurgence in the Metaverse narrative with the impending launch of Apple's AR/VR technology https://shoal.xyz/research/writing/poolshark-lp-limit-orders-on-arbitrum/ https://shoal.xyz/research/writing/poolshark-lp-limit-orders-on-arbitrum/ Wed, 17 May 2023 02:30:51 +0000 DeFi The directional liquidity AMM enabling on chain limit orders https://shoal.xyz/research/writing/behind-the-numbers-investigating/ https://shoal.xyz/research/writing/behind-the-numbers-investigating/ Tue, 18 Apr 2023 18:53:37 +0000 Research The Biggest DEX Volume Spikes and what caused them https://shoal.xyz/research/writing/rysk-finance-dynamically-hedged-real/ https://shoal.xyz/research/writing/rysk-finance-dynamically-hedged-real/ Tue, 21 Mar 2023 18:50:07 +0000 DeFi Uncorrelated returns leveraging RYSK low delta options vault https://shoal.xyz/research/writing/the-peking-bull/ https://shoal.xyz/research/writing/the-peking-bull/ Tue, 28 Feb 2023 19:51:04 +0000 Research An intro to the China-led crypto bull pump to start the year https://shoal.xyz/research/writing/gmx-a-real-yield-and-defi-primitives/ https://shoal.xyz/research/writing/gmx-a-real-yield-and-defi-primitives/ Tue, 21 Feb 2023 19:50:22 +0000 DeFi Defi composability, real yield, and 35+ protocols leveraging GMX perps protocol https://shoal.xyz/research/writing/tridentdao-risk-to-earn-gamefi/ https://shoal.xyz/research/writing/tridentdao-risk-to-earn-gamefi/ Wed, 08 Feb 2023 00:00:15 +0000 Research Gaming leveraging a risk-based token economy https://shoal.xyz/research/writing/top-projects-building-on-arbitrum/ https://shoal.xyz/research/writing/top-projects-building-on-arbitrum/ Tue, 31 Jan 2023 20:01:07 +0000 Research Comprehensive list of the top Arbitrum native protocols and emerging players https://shoal.xyz/research/writing/x402-is-more-than-agent-payments/ https://shoal.xyz/research/writing/x402-is-more-than-agent-payments/ Mon, 29 Jun 2026 12:00:00 +0000 Agentic 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. https://shoal.xyz/research/writing/ows-policy-gated-agents-prediction-markets/ https://shoal.xyz/research/writing/ows-policy-gated-agents-prediction-markets/ Sat, 04 Apr 2026 12:00:00 +0000 AI & Agents Policy-gated agent wallets for prediction markets: payment rails, connectivity standards, and the wallet problem. https://shoal.xyz/research/writing/orchestration-is-all-you-need/ https://shoal.xyz/research/writing/orchestration-is-all-you-need/ Tue, 31 Mar 2026 12:00:00 +0000 AI & Agents What the Claude Code leak tells us about the future of AI business infrastructure. https://shoal.xyz/research/writing/dashboards-are-dead-saas-to-cli/ https://shoal.xyz/research/writing/dashboards-are-dead-saas-to-cli/ Sat, 28 Mar 2026 12:00:00 +0000 AI & Agents The last time the customer changed from a human to a machine it created a $135B industry. The agent-first shift is bigger. https://shoal.xyz/research/writing/gpt-4o-was-never-the-ai-girlfriend/ https://shoal.xyz/research/writing/gpt-4o-was-never-the-ai-girlfriend/ Sat, 14 Feb 2026 12:00:00 +0000 AI & Agents OpenAI retired GPT-4o and the backlash conversation is missing the point, and the opportunity, completely. https://shoal.xyz/research/writing/the-permanent-underclass-is-a-product/ https://shoal.xyz/research/writing/the-permanent-underclass-is-a-product/ Thu, 12 Feb 2026 12:00:00 +0000 AI & Agents The Permanent Underclass is a concept plaguing retail, operators, and builders in the AI-osphere. It is also a product being sold to you. https://shoal.xyz/research/writing/cognitive-steroids-otc-transhumanism/ https://shoal.xyz/research/writing/cognitive-steroids-otc-transhumanism/ Thu, 31 Jul 2025 12:00:00 +0000 AI & Agents How consumer AI blurs the line between tool and self. https://shoal.xyz/research/writing/left-curve-xrp-memecoin-onboarding/ https://shoal.xyz/research/writing/left-curve-xrp-memecoin-onboarding/ Mon, 02 Dec 2024 12:00:00 +0000 DeFi Loose thoughts on memecoin onboarding for the left curve. Educational purposes only. https://shoal.xyz/research/writing/are-memecoins-capped/ https://shoal.xyz/research/writing/are-memecoins-capped/ Thu, 21 Nov 2024 12:00:00 +0000 DeFi A thought experiment on the flows of capital in memecoins as tokenized culture and attention.