Protocols
Deep-dive protocol analysis covering DEX mechanics, lending markets, derivatives, stablecoin design, and DAO governance.
Uniswap v4 Hooks Are Reshaping the AMM Design Space
The customisable hook architecture introduced in Uniswap v4 is spawning an ecosystem of specialised AMM strategies that were previously impossible on-chain.
Uniswap DAO Fee Switch Vote Passes — Protocol Revenue Begins
After years of debate, the Uniswap governance community has approved activating the 0.05% protocol fee across all v3 pools on Ethereum mainnet.
GMX v2 Perpetual Fee Revenue Hits $200M Quarterly Record
The decentralised perpetuals protocol processes $8.4B in monthly notional volume with fee revenue shared between GLP liquidity providers and GMX stakers.
Aave v4 Introduces Unified Liquidity Layer Across All Chains
A single shared liquidity pool accessible from any supported chain eliminates capital fragmentation — the most significant architectural change since Aave's inception.
Curve Finance NG Pools Cement Stablecoin Swap Dominance
The next-generation Curve pools deliver 40% lower slippage on large stablecoin swaps versus competitors, driven by a reformulated invariant.
More in Protocols
Hyperliquid's On-Chain Order Book Challenges CEX Latency
A fully on-chain central limit order book processing 100,000 TPS is forcing a fundamental reconsideration of DEX design constraints.
Morpho Markets TVL Surpasses $4B as Isolated Lending Gains
Morpho's risk-isolated lending market design is attracting institutional capital seeking precise exposure control unavailable in pooled lending protocols.
DAI's CDP Architecture at 8 Years: What the Data Shows
MakerDAO's collateralised debt position system has weathered 14 major market downturns. An analysis of its resilience and evolving risk profile.
USDe Mechanics Explained: How Ethena Generates 18% Yield
Ethena's synthetic dollar derives its yield from perpetual futures funding rates — a mechanism that is sustainable in trending markets but carries specific collapse scenarios.
Balancer v3 Boosted Pools Go Live With Aave Integration
Idle liquidity in Balancer pools is now automatically deposited into Aave lending markets, boosting LP returns without additional user action.
Compound v3 Comet Architecture: A Technical Deep Dive
The Comet contract model separates each base asset into an independent market, reducing systemic risk while enabling more aggressive interest rate optimisation.
DEX Aggregator Wars: 1inch vs CoW Protocol Intent Battle
Intent-based trading models are disrupting the classical aggregator approach, with CoW Protocol's batch auction mechanism gaining institutional traction.
PancakeSwap Expands to Aptos With $50M Incentive Program
The BNB Chain-native DEX is accelerating its multi-chain expansion strategy with a structured liquidity mining program on the Aptos Move VM.