The House Doge Built
We had the joy of hosting Timothy Stebbings from Dogecoin foundation on our podcast. The following is a quick note summarising what we discussed. Catch the whole conversation above - or sign up for
https://t.co/3IcXWmcwcK
more from @Decentralisedco
Why We Invested in Drift Protocol
Going Long Solana's Perpetuals Ecosystem Note: This is a shortened version of our thesis published on the newsletter earlier today. The whole piece, can be read here. Over the past month, we
Hyperliquid is Taking on CME, not Binance
A valuation framework for HYPE CME generated $6.5 billion in revenue in 2025, with 28.1 million contracts traded daily and a market capitalisation of $114 billion. Hyperliquid earned $960 million
Bringing the World On-Chain
A note on how HIP-3 turns Hyperliquid into the everything exchange HIP-3 turns Hyperliquid into the everything exchange. It is changing finance through creating global-scale markets that are open
Coming of Age
A note on revenue formation within crypto, how valuations have compressed and the emergence of moats within the industry This article was originally published on our newsletter at