KKDEMIAN
Research terminal · updated weekly

Crypto market structure, written up as a searchable research library

Exchanges, perp DEXs, stablecoins, L1/L2, RWA, AI × Crypto — tracked over time, taken apart one by one, kept current.

Search projects, tokens, exchanges, topics…
2,818
PROJECTS
3,029
RESEARCH NOTES
11
TOPICS
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LANGUAGES
DATE
TITLE
2026-10-19
PopDEX (BTCUSDT Perpetuals): Fully On-Chain Order Book, MegaPop, and Risks
2026-10-19
Papertrade ($PAPER): Mechanics, Trading, On-Chain Data, and Token Risks
2026-10-19
Physical TCG: A Deep Dive into Collector Crypt and Courtyard
2026-10-17
bStocks: Binance pipes its flow on-chain, and the cost is a casino
2026-10-17
Coinbase (Base): the smallest book in the category, and the only one DeFi actually absorbed
2026-10-17
Dinari dShares: widest coverage, the only US access, and absent from every size table
2026-10-17
The long tail: Backpack, ST0x / PreStocks, and four runs of the exchange-issuance experiment
2026-10-17
Ondo Stocks: first by balance, halved by share, and the cost of the RFQ route

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