Category: macro research

Current state of DeFi in 2021: Part 1

Current state of DeFi in 2021: Part 1

Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its […]

Continue Reading

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part III

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part III

Quick Take The following is the final excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We examine both digital and traditional asset market performance, the labor market, real gross domestic product, monetary policy, and more economic data throughout the last three quarters of 2020.  This research piece is available […]

Continue Reading

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part II

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part II

Quick Take The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We first break down the historic decline that traditional and digital asset markets experienced in Q1 2020.  Looking at the Treasury-EuroDollar rate (TED) spread, we show that credit risk in the economy reached its highest […]

Continue Reading

2020 Macro Overview: Traditional & Digital Asset Market Behavior

2020 Macro Overview: Traditional & Digital Asset Market Behavior

Quick Take The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We provide evidence of Pre-Covid19 economic deterioration & financial system stress, arguing that the pandemic likely exacerbated a recession that was already on the horizon.  We also make the case that traditional financial system stress […]

Continue Reading