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Research Tokenomics


USDT (Tether) Stablecoin: Marketing Analysis
Discover how USDT maintains market dominance through strategic distribution, liquidity advantages, and network effects despite regulatory challenges.

Teck Ming (Terence) Tan
Nov 13 min read


Bitcoin State-of-the-Art in October 2025
Bitcoin achieved institutional maturity in October 2025 with a $2.2 trillion market cap, demonstrating evolution from speculative asset to foundational financial infrastructure through regulatory clarity, $175 billion in ETF holdings, and Lightning Network processing 650 million users.

Teck Ming (Terence) Tan
Oct 253 min read


OriginTrail: Comprehensive Market Analysis & Token Economy Research
OriginTrail Token Economy: Tokenomics structure balances utility with sustainable incentives

Teck Ming (Terence) Tan
Oct 1824 min read


Cardano Analysis: Technical Brilliance, Market Indifference
Despite top-tier infrastructure and decentralization, Cardano ranks #10 by market cap but captures just $350M in DeFi—300x less than Ethereum. Why?

Teck Ming (Terence) Tan
Oct 810 min read


Ripple XRP Ledge: An Institutional Payment Without DeFi Marketing
XRP Ledger dominates institutional payments with $1.3T processed quarterly, yet has zero DeFi presence. Discover the paradox behind this payment giant.

Teck Ming (Terence) Tan
Oct 713 min read


BNB Chain: A Deep Dive into Sustainable Tokenomics and Market Positioning
BNB Chain deep dive: $5.5B TVL and 486M users, but only 45 validators control consensus. Analyze the deflationary tokenomics and centralization trade-offs.

Teck Ming (Terence) Tan
Oct 124 min read


Chainlink's tokenomics paradox: infrastructure dominance meets value capture uncertainty
Chainlink's $100B valuation masks a tokenomics paradox: infrastructure dominance doesn't equal value capture. Analyze the misalignment in oracle economics.

Teck Ming (Terence) Tan
Sep 305 min read


Solana's tokenomics: A marketing framework analysis
Solana's tokenomics bets on mass adoption but faces sustainability challenges. Analyze 83% developer growth, 20,900 NFT traders, and inflation tensions.

Teck Ming (Terence) Tan
Sep 306 min read


Ethereum's Tokenomics Reveal a Platform at a Critical Crossroads
Ethereum's tokenomics face a critical crossroads. With 27.7% of ETH staked and 0.74% inflation, explore the conflict between Layer 2 growth and value capture.

Teck Ming (Terence) Tan
Sep 308 min read


Hyperliquid's Tokenomics Blueprint: A Case Study in Radical Alignment
Hyperliquid achieved 70% market share and $7B airdrop with zero VC funding. Analyze the tokenomics blueprint behind radical stakeholder alignment and success.

Teck Ming (Terence) Tan
Sep 295 min read
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