Research

Measured, dated, reproducible.

Each piece states what was measured, how, and on what date — and ships with the SQL. If a number cannot be reproduced, it does not get published.

• 2026-09-10

  The same share, six issuers, six prices: measuring tokenised asset spreads

  Tokenised Tesla shows a 56% spread across all its tokens and 0.06% across the ones with a market behind them. Measured across the top real-world assets on CoinMarketCap's RWA endpoints, with the dated receipt and a no-key way to recheck every figure — plus the field where one token is excluded from an asset's average price and counted in its volume.

• 2026-09-07

  Where the stablecoins actually move: a 7-day snapshot by chain

  BNB Chain's canonical USDT contract saw 7.36M unique senders in seven days — more than Tron and Base combined. Measured on Dune, with the SQL included and the 28,586 impostor tickers excluded.

1 piece published. The archive starts here.