Independent research and analysis on crypto capital markets, investor relations and token transparency.
A quantitative assessment of token disclosure practices across 53 crypto protocols
We audited 53 crypto protocols across 15 binary, publicly verifiable disclosure metrics — from market maker terms to revenue segmentation to third-party data coverage. The results: 0% disclose MM terms, 2% have an IR hub, and 98% make revenue data accessible but fail to package it for institutional allocators.
Why the next leg of institutional adoption depends on how protocols communicate, not just what they build
How Meteora built the highest-scoring IR program in DeFi and what every protocol can learn from it
Full IR analysis and 180-day roadmap for Kamino Finance
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