CoinDesk Research
Latest from CoinDesk Research
Oil, ETFs, and the TradFi Perp Land Grab
Binance & HIP-3 lead $103B in TradFi perp volumes this April, driven by commodity hedging demand for 24/7 oil and gold access amid macro uncertainty
The 2026 Global Digital Asset Adoption Index
Asia leads in stablecoin flows, trading volume, and on-chain activity, while the U.S. builds the institutional infrastructure set to define crypto's next phase of scaled adoption.
Tron Network - Q1 2026
With USDT on TRON surpassing $85 billion and protocol fees reaching $82 million, TRON cemented its stablecoin infrastructure lead while expanding into institutional derivatives and agentic payments in Q1 2026.
Digital Assets: Quarterly Review and Outlook Q1
Digital assets struggled in Q1 2026, driven down by tight macro, geopolitical uncertainty, and weak institutional flows. Our report examines what went wrong, what went right, and what's next – including the growing institutional appetite for crypto.
Spot Trading Volumes Drops to the Lowest Level Since September 2024
In March, spot volumes fell 15.7% to $1.27T, recording the lowest monthly figures since September 2024. Derivatives volumes declined 3.20% to $3.99T.
Stablecoin Market Cap Hits All-Time High of $317B as Tokenized Assets Surpass $16B
The second consecutive month of gains pushed the sector to a new record, even as an $80 million exploit briefly sent one stablecoin to near zero.
Encryption Supremacy: Zcash and Privacy in the Age of Scale
Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap.
The Definitive Stablecoin Landscape Series: North America
As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.
The RWA Yield Infrastructure Trade
RWA tokenization is growing. Direct token exposure doesn't capture it. The infra play is Morpho and Fluid - both with caveats.
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
