Market Data & Research

When a protocol announces its TVL, journalists check DefiLlama. It is free, it has no token, and the code that produces every number is public. That combination does not exist anywhere else in this library.

Most crypto exchanges do not build their own charts — they embed TradingView. Reviewing it means reviewing the thing you have already been using without noticing.

Glassnode built the vocabulary the market uses to talk about on-chain data. The risk is not that the metrics are wrong — it is that there are enough of them to support whatever you already believe.

Messari sells the thing crypto has least of: structured, comparable, citable research. It also sells it primarily to institutions, which is why the free tier feels like a brochure.

Token Terminal asks a question most of crypto avoids: what does this protocol actually earn, and what are you paying for it? The answer is more useful for some protocols than others, and the site is upfront about which.

Knowing that a fund bought a token is a fact. Concluding that you should buy it is a leap, and Nansen's most marketed feature is built on encouraging exactly that leap.

CoinMarketCap is the default price reference for an entire industry and has been owned by one of the exchanges it ranks since 2020. Nothing visibly improper has followed. The structure is still wrong.

Bitcoin is up 5.8% to $81,345 after the worst policy week it has had all year. Eighty-nine percent of the $650 million liquidated was short positions, which tells you what this rally is and what it is not.