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.

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DATE
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2026-10-31
Two instruments barely move, yet the group turns faster than the book: the physical bottleneck of AI
2026-10-31
Korea Is Bet On Four Times Over, and Half of It Is Not in This Group
2026-10-31
Diversification only paid at the index level: broad-market and equipment names on bStocks
2026-10-31
An Exchange Tokenizes Crypto Treasury Companies: Four Layers of the Same Exposure, and the Coldest Group on the Book
2026-10-31
Both sides are listed, only one side is held: the directional 3X and volatility tokens
2026-10-31
The issuer listed two of its own competitors, and they are the only two names in this group that fell
2026-10-31
The looser the anchor, the wider the range: what prices the five largest bStocks instruments
2026-10-31
Turnover Is Unsigned: INTCB and IBMB Are 1.38x Apart on Turnover and 64 Points Apart on 30 Days

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