Protocol Mechanics
The Physics of Intent: Bridging the Semantic Gap Between Security and UX
In our previous research note, [Ethereum 2026: The Triad of Scale, UX, and Resilience], we identifie...
February 23, 2026
Protocol Mechanics
Ethereum 2026: The Triad of Scale, UX, and Resilience
1. 2025 in Retrospect: The Year of Aggressive ExpansionAt Base58 Labs, we have closely monitored the...
February 19, 2026
Protocol Mechanics
Asymmetric Observation: Why Markets Never See the Same World
AbstractMarkets are often modeled as shared environments where participants observe the same inform...
February 16, 2026
Protocol Mechanics
EIP-8141: The Era of Programmable Validity
1. Introduction: Beyond GlamsterdamWhile the collective gaze of the Ethereum community is fixed on t...
February 09, 2026
Protocol Mechanics
The Latency Ceiling: Why Financial Systems Are Bounded by Physics
AbstractModern financial systems are often described as problems of software, incentives, or market...
February 06, 2026
Protocol Mechanics
Capital Is a Function of Time, Not Amount
AbstractCapital is conventionally measured in quantity: balances, notional value, or total assets un...
February 04, 2026
Protocol Mechanics
We Do Not Optimize for Opportunity
AbstractMost financial systems are designed to maximize opportunity. They search for upside, amplify...
February 02, 2026
Market Structure
The Mirror World: Why We Moved Beyond Backtesting
AbstractThe most dangerous assumption in modern finance is that the past is a reliable proxy for the...
January 30, 2026
Protocol Mechanics
The Architecture of Invisible Friction (Expanded)
AbstractBackpressure serves as a visibility mechanism in distributed systems where non-negligible tr...
January 29, 2026
Protocol Mechanics
The Connectivity Standard: Divergent Architectures in the Battle for Blockchain’s TCP/IP
AbstractThe maturity of the multi-chain ecosystem has precipitated a crisis of fragmentation. While...
January 27, 2026
Market Structure
Polygon’s Strategic Pivot: From Scaling Infrastructure to Regulated Payment Rails
AbstractPolygon’s acquisition of Coinme and Sequence marks a decisive shift in strategy. Rather than...
January 26, 2026
On-Chain Research
Staking Under Pressure: What Ethereum’s Validator Queue Reveals About Capital Conviction
AbstractEthereum’s validator queues currently exhibit a pronounced asymmetry: a rapidly growing entr...
January 25, 2026
Market Structure
The War for Standards: Arbitrum Orbit vs. the Optimism Superchain
AbstractThe Layer 2 landscape has entered a post-scaling era. Transaction throughput and blockspace...
January 22, 2026
Protocol Mechanics
EIP-8025 and the Unbundling of Ethereum Block Verification: Optional Execution Proofs as an Architectural Safety Valve
AbstractEIP-8025 proposes a subtle but important shift in how Ethereum blocks can be verified. Rathe...
January 21, 2026
Protocol Mechanics
The Hybrid State Machine: Bridging Latency and Truth
AbstractThe scaling landscape has historically forced a binary choice: Sequenced Rollups, which offe...
January 20, 2026
Market Structure
L2 Sequencer Dynamics: Navigating Opaque Order Flow
1. Introduction: The Black Box of OrderingIn Layer 1 blockchains like Ethereum, the pending transact...
January 19, 2026
Market Structure
Signal Over Noise: Constructing the Predictive Alpha Engine
Abstract The digital asset market is expanding in scale but fragmenting in structure. The prolifera...
January 18, 2026
Algorithmic Alpha
Case Study: The 12ms Edge
AbstractIn the arena of high-frequency decentralized finance (DeFi), speed is not merely an advantag...
January 16, 2026
Market Structure
The Liquidity Vacuum: Why Hard Capital Determines Survival in a Crash
Abstract In decentralized markets, liquidity is often assumed to be abundant due to the availabilit...
January 15, 2026
On-Chain Research
Ethereum Staking Is Institutionalizing: From Retail Pools to Professional Validators
AbstractEthereum staking is undergoing a structural transition. What began as a retail- and DeFi-dri...
January 14, 2026
Protocol Mechanics
Stress Is Information: Why Extreme Conditions Reveal the True Shape of a System
Abstract Stress functions as an informational regime in which the fundamental structure of a system...
January 14, 2026
Protocol Mechanics
SVM vs EVM: A Systems-Level Analysis of Parallel Execution
Introduction: The Inherent Bottleneck of Serial ExecutionThe Ethereum Virtual Machine (EVM) establis...
January 12, 2026
Protocol Mechanics
RESEARCH RECORD: ASYMMETRIC OBSERVATION IN DISTRIBUTED PACKET-SWITCHED NETWORKS
Abstract The Internet is a distributed system of spatially separated processes that communicate by...
January 12, 2026
Protocol Mechanics
Bandwidth Is Governable, Latency Is Physical
Why Ethereum Must Scale Through Volume, Not SpeedIncludes summary of Vitalik Buterin’s recent postin...
January 11, 2026
Market Structure
The Bridging Latency Wars
1. Introduction: The Asynchronous RealityIn a multi-chain world, "Global Consensus" is a myth. Ether...
January 10, 2026
Market Structure
The Microstructure of Base L2: Sequencer Latency and Execution Asymmetry
1. Introduction: Architectural Trade-Offs and Institutional Risk VectorsAs institutional capital inc...
January 09, 2026
Protocol Mechanics
The Right to Act
AbstractCapital is commonly defined as ownership: balances held, assets controlled, or value denomin...
January 06, 2026
Protocol Mechanics
Execution Is the Product
AbstractMost financial products sell outcomes: yield, performance, or exposure. These promises are i...
December 16, 2025
Protocol Mechanics
BASIS Is Not a Strategy
AbstractMost financial products are strategies: bounded views on markets expressed through positions...
December 10, 2025
Protocol Mechanics
Execution Selects Capital
AbstractMarkets are often described as arenas of ideas, predictions, and convictions. In practice, m...
December 02, 2025
Protocol Mechanics
Optionality Is Not Free
AbstractOptionality is often treated as an inherent property of capital the belief that one can alwa...
November 11, 2025
Protocol Mechanics
Irreversibility Is the Real Cost of Execution
AbstractExecution is commonly framed as the act of entering a position. In distributed financial sys...
October 21, 2025
Protocol Mechanics
Risk Must Be Paid Before Profit Is Claimed
AbstractRisk is commonly treated as an undesirable byproduct of profit-seeking. In high-performance...
October 07, 2025
Protocol Mechanics
Capital Must Exist Before Opportunity
AbstractOpportunity is commonly described as something that appears and is then acted upon. In high-...
September 02, 2025
Protocol Mechanics
Atomic State Progression: The Lifecycle of Execution
AbstractExecution is commonly described as a trade: an instantaneous action that converts intent int...
August 19, 2025
Protocol Mechanics
Arbitrage Is Not a Strategy: It Is a Consequence of Asynchronous Reality
AbstractArbitrage is commonly described as a trading strategy a method for exploiting price discrepa...
August 05, 2025
Protocol Mechanics
Liquidity Is Not Depth: Availability Under Stress
AbstractLiquidity is commonly described as depth: how much capital sits in an order book or pool. Th...
July 18, 2025
Protocol Mechanics
Execution Surfaces: Where Capital Actually Competes
AbstractMarkets are often described as arenas where assets compete on price. This framing is incompl...
June 17, 2025
Protocol Mechanics
Exit Is the Asset: Why Capital Without Deterministic Exit Is Not Capital
AbstractCapital is commonly defined by ownership and balance. This definition is incomplete. In high...
June 03, 2025
Protocol Mechanics
Capital Reuse: The Hidden Source of Non-Linear Yield
AbstractYield is commonly modeled as a linear function of risk and capital size. This model fails in...
May 12, 2025
Protocol Mechanics
State Transition Engineering: Beyond the Trade Illusion
In 2024, Base58 Labs defined execution as a state transition rather than a trade. In 2025, we operat...
April 14, 2025
Protocol Mechanics
Risk Bounding: Why Capital Must Lose Before It Can Act
AbstractIn conventional finance, risk is treated as an external variable to be managed after deploym...
March 11, 2025
Protocol Mechanics
Internal Liquidity: Why Inventory Beats Access
AbstractModern financial systems often confuse access to liquidity with possession of liquidity. In...
February 10, 2025
Protocol Mechanics
Formal Specification of Information Visibility and Deterministic State Transitions in Ethereum
Abstract Ethereum is a transactional singleton machine with a shared state defined by deterministic...
January 15, 2025
Protocol Mechanics
Execution Locality: Why Capital Must Live Where It Trades
AbstractIn distributed financial systems, execution is not global it is Local. Capital that must tra...
December 23, 2024
Protocol Mechanics
Exit Determinism: Why Most Strategies Fail After They Win
AbstractMost trading strategies are evaluated by entry quality: signal accuracy, price selection, or...
December 02, 2024
Algorithmic Alpha
Quantifying LVR: The Mathematical Cost of On-Chain Liquidity
AbstractThis report formalizes the transition from the retail-centric heuristic of "Impermanent Loss...
November 20, 2024
Protocol Mechanics
Queue Priority: Why Order, Not Price, Determines On-Chain Outcomes
AbstractOn-chain markets are commonly analyzed through price, liquidity depth, and volatility. These...
November 05, 2024
Protocol Mechanics
Capital Decay: When Inactive Capital Becomes Risk
AbstractCapital is commonly assumed to be neutral while idle neither productive nor harmful. In dist...
October 09, 2024
Protocol Mechanics
The Architecture of Temporal Finality
Abstract In distributed networks, finality represents a state achieved only after a functional temp...
October 05, 2024
Market Structure
Execution Windows: Where Capital Actually Exists
AbstractCapital is often assumed to be continuously available ready whenever a decision is made. In...
September 03, 2024
Algorithmic Alpha
Genesis: The Alpha Black Box
1. Introduction: The Paradox of TransparencyIn the ethos of Web3, "open source" is often hailed as t...
August 20, 2024
Market Structure
Capital Velocity: Why Turnover Beats Leverage
AbstractLeverage is commonly viewed as the primary mechanism for amplifying returns. In high-perform...
August 14, 2024
Protocol Mechanics
Execution Is a State Transition, Not a Trade
AbstractExecution is commonly framed as a trading action: submitting an order and receiving a fill....
July 22, 2024
Market Structure
Deterministic Exit: Why Entry Is Secondary
AbstractMarket narratives obsess over entry: timing, signal quality, and positioning. This paper arg...
July 15, 2024
Protocol Mechanics
Latency as a Physical Property of Distributed Systems
AbstractNetwork latency is not a software inefficiency; it is a fundamental physical constraint. It...
July 09, 2024
Market Structure
Capital Staging: Why Deployment Begins Before Opportunity Exists
AbstractIn high-performance financial systems, capital deployment is often mistaken for a binary act...
July 01, 2024
Protocol Mechanics
The Temporal Mechanics of Queueing Systems: Buffers as Containers of Time
AbstractQueueing in distributed systems is defined by the non-negligible temporal gap between the tr...
June 10, 2024
Protocol Mechanics
From Ownership to Deployment
AbstractOwning execution is necessary but insufficient. Execution without deployable capital remains...
June 10, 2024
Protocol Mechanics
Execution Must Be Owned
AbstractExecution is the final determinant of financial outcomes. In distributed markets, outsourcin...
May 27, 2024
Protocol Mechanics
Why Alpha Dies at the Interface
AbstractIn modern financial systems, alpha rarely dies in the model. It dies at the interface. The m...
May 13, 2024
Protocol Mechanics
Temporal Representation and Ordering in Distributed Transactional Networks
Abstract Distributed networks are composed of spatially separated processes that communicate exclus...
May 12, 2024
Protocol Mechanics
Execution Is a Weapon: Why Strategy Without Control Fails
AbstractIn financial markets, strategy is often treated as the primary source of advantage. This ass...
April 29, 2024
Market Structure
Liquidity Is Not Depth: It Is Temporal Availability
AbstractLiquidity is commonly defined as depth: the visible volume resting on an order book or withi...
April 16, 2024
Protocol Mechanics
Consensus Does Not Create Truth: Agreement vs. Observation
AbstractConsensus is often described as the mechanism through which distributed systems "agree on th...
March 18, 2024
Protocol Mechanics
Consensus Does Not Create Truth Agreement and Observation in Distributed Systems
AbstractA distributed system comprises spatially separated processes communicating via message excha...
March 15, 2024
Protocol Mechanics
Latency as a First-Class Variable in Distributed Financial Systems
AbstractLatency is often framed as a software inefficiency something to be optimized away through be...
March 04, 2024
Protocol Mechanics
The Physics of Intent: Bridging the Semantic Gap Between Security and UX
In our previous research note, [Ethereum 2026: The Triad of Scale, UX, and Resilience], we identifie...
February 23, 2026
Protocol Mechanics
Ethereum 2026: The Triad of Scale, UX, and Resilience
1. 2025 in Retrospect: The Year of Aggressive ExpansionAt Base58 Labs, we have closely monitored the...
February 19, 2026
Protocol Mechanics
Asymmetric Observation: Why Markets Never See the Same World
AbstractMarkets are often modeled as shared environments where participants observe the same inform...
February 16, 2026
Protocol Mechanics
EIP-8141: The Era of Programmable Validity
1. Introduction: Beyond GlamsterdamWhile the collective gaze of the Ethereum community is fixed on t...
February 09, 2026
Protocol Mechanics
The Latency Ceiling: Why Financial Systems Are Bounded by Physics
AbstractModern financial systems are often described as problems of software, incentives, or market...
February 06, 2026
Protocol Mechanics
Capital Is a Function of Time, Not Amount
AbstractCapital is conventionally measured in quantity: balances, notional value, or total assets un...
February 04, 2026
Protocol Mechanics
We Do Not Optimize for Opportunity
AbstractMost financial systems are designed to maximize opportunity. They search for upside, amplify...
February 02, 2026
Protocol Mechanics
The Architecture of Invisible Friction (Expanded)
AbstractBackpressure serves as a visibility mechanism in distributed systems where non-negligible tr...
January 29, 2026
Protocol Mechanics
The Connectivity Standard: Divergent Architectures in the Battle for Blockchain’s TCP/IP
AbstractThe maturity of the multi-chain ecosystem has precipitated a crisis of fragmentation. While...
January 27, 2026
Protocol Mechanics
EIP-8025 and the Unbundling of Ethereum Block Verification: Optional Execution Proofs as an Architectural Safety Valve
AbstractEIP-8025 proposes a subtle but important shift in how Ethereum blocks can be verified. Rathe...
January 21, 2026
Protocol Mechanics
The Hybrid State Machine: Bridging Latency and Truth
AbstractThe scaling landscape has historically forced a binary choice: Sequenced Rollups, which offe...
January 20, 2026
Protocol Mechanics
Stress Is Information: Why Extreme Conditions Reveal the True Shape of a System
Abstract Stress functions as an informational regime in which the fundamental structure of a system...
January 14, 2026
Protocol Mechanics
SVM vs EVM: A Systems-Level Analysis of Parallel Execution
Introduction: The Inherent Bottleneck of Serial ExecutionThe Ethereum Virtual Machine (EVM) establis...
January 12, 2026
Protocol Mechanics
RESEARCH RECORD: ASYMMETRIC OBSERVATION IN DISTRIBUTED PACKET-SWITCHED NETWORKS
Abstract The Internet is a distributed system of spatially separated processes that communicate by...
January 12, 2026
Protocol Mechanics
Bandwidth Is Governable, Latency Is Physical
Why Ethereum Must Scale Through Volume, Not SpeedIncludes summary of Vitalik Buterin’s recent postin...
January 11, 2026
Protocol Mechanics
The Right to Act
AbstractCapital is commonly defined as ownership: balances held, assets controlled, or value denomin...
January 06, 2026
Protocol Mechanics
Execution Is the Product
AbstractMost financial products sell outcomes: yield, performance, or exposure. These promises are i...
December 16, 2025
Protocol Mechanics
BASIS Is Not a Strategy
AbstractMost financial products are strategies: bounded views on markets expressed through positions...
December 10, 2025
Protocol Mechanics
Execution Selects Capital
AbstractMarkets are often described as arenas of ideas, predictions, and convictions. In practice, m...
December 02, 2025
Protocol Mechanics
Optionality Is Not Free
AbstractOptionality is often treated as an inherent property of capital the belief that one can alwa...
November 11, 2025
Protocol Mechanics
Irreversibility Is the Real Cost of Execution
AbstractExecution is commonly framed as the act of entering a position. In distributed financial sys...
October 21, 2025
Protocol Mechanics
Risk Must Be Paid Before Profit Is Claimed
AbstractRisk is commonly treated as an undesirable byproduct of profit-seeking. In high-performance...
October 07, 2025
Protocol Mechanics
Capital Must Exist Before Opportunity
AbstractOpportunity is commonly described as something that appears and is then acted upon. In high-...
September 02, 2025
Protocol Mechanics
Atomic State Progression: The Lifecycle of Execution
AbstractExecution is commonly described as a trade: an instantaneous action that converts intent int...
August 19, 2025
Protocol Mechanics
Arbitrage Is Not a Strategy: It Is a Consequence of Asynchronous Reality
AbstractArbitrage is commonly described as a trading strategy a method for exploiting price discrepa...
August 05, 2025
Protocol Mechanics
Liquidity Is Not Depth: Availability Under Stress
AbstractLiquidity is commonly described as depth: how much capital sits in an order book or pool. Th...
July 18, 2025
Protocol Mechanics
Execution Surfaces: Where Capital Actually Competes
AbstractMarkets are often described as arenas where assets compete on price. This framing is incompl...
June 17, 2025
Protocol Mechanics
Exit Is the Asset: Why Capital Without Deterministic Exit Is Not Capital
AbstractCapital is commonly defined by ownership and balance. This definition is incomplete. In high...
June 03, 2025
Protocol Mechanics
Capital Reuse: The Hidden Source of Non-Linear Yield
AbstractYield is commonly modeled as a linear function of risk and capital size. This model fails in...
May 12, 2025
Protocol Mechanics
State Transition Engineering: Beyond the Trade Illusion
In 2024, Base58 Labs defined execution as a state transition rather than a trade. In 2025, we operat...
April 14, 2025
Protocol Mechanics
Risk Bounding: Why Capital Must Lose Before It Can Act
AbstractIn conventional finance, risk is treated as an external variable to be managed after deploym...
March 11, 2025
Protocol Mechanics
Internal Liquidity: Why Inventory Beats Access
AbstractModern financial systems often confuse access to liquidity with possession of liquidity. In...
February 10, 2025
Protocol Mechanics
Formal Specification of Information Visibility and Deterministic State Transitions in Ethereum
Abstract Ethereum is a transactional singleton machine with a shared state defined by deterministic...
January 15, 2025
Protocol Mechanics
Execution Locality: Why Capital Must Live Where It Trades
AbstractIn distributed financial systems, execution is not global it is Local. Capital that must tra...
December 23, 2024
Protocol Mechanics
Exit Determinism: Why Most Strategies Fail After They Win
AbstractMost trading strategies are evaluated by entry quality: signal accuracy, price selection, or...
December 02, 2024
Protocol Mechanics
Queue Priority: Why Order, Not Price, Determines On-Chain Outcomes
AbstractOn-chain markets are commonly analyzed through price, liquidity depth, and volatility. These...
November 05, 2024
Protocol Mechanics
Capital Decay: When Inactive Capital Becomes Risk
AbstractCapital is commonly assumed to be neutral while idle neither productive nor harmful. In dist...
October 09, 2024
Protocol Mechanics
The Architecture of Temporal Finality
Abstract In distributed networks, finality represents a state achieved only after a functional temp...
October 05, 2024
Protocol Mechanics
Execution Is a State Transition, Not a Trade
AbstractExecution is commonly framed as a trading action: submitting an order and receiving a fill....
July 22, 2024
Protocol Mechanics
Latency as a Physical Property of Distributed Systems
AbstractNetwork latency is not a software inefficiency; it is a fundamental physical constraint. It...
July 09, 2024
Protocol Mechanics
The Temporal Mechanics of Queueing Systems: Buffers as Containers of Time
AbstractQueueing in distributed systems is defined by the non-negligible temporal gap between the tr...
June 10, 2024
Protocol Mechanics
From Ownership to Deployment
AbstractOwning execution is necessary but insufficient. Execution without deployable capital remains...
June 10, 2024
Protocol Mechanics
Execution Must Be Owned
AbstractExecution is the final determinant of financial outcomes. In distributed markets, outsourcin...
May 27, 2024
Protocol Mechanics
Why Alpha Dies at the Interface
AbstractIn modern financial systems, alpha rarely dies in the model. It dies at the interface. The m...
May 13, 2024
Protocol Mechanics
Temporal Representation and Ordering in Distributed Transactional Networks
Abstract Distributed networks are composed of spatially separated processes that communicate exclus...
May 12, 2024
Protocol Mechanics
Execution Is a Weapon: Why Strategy Without Control Fails
AbstractIn financial markets, strategy is often treated as the primary source of advantage. This ass...
April 29, 2024
Protocol Mechanics
Consensus Does Not Create Truth: Agreement vs. Observation
AbstractConsensus is often described as the mechanism through which distributed systems "agree on th...
March 18, 2024
Protocol Mechanics
Consensus Does Not Create Truth Agreement and Observation in Distributed Systems
AbstractA distributed system comprises spatially separated processes communicating via message excha...
March 15, 2024
Protocol Mechanics
Latency as a First-Class Variable in Distributed Financial Systems
AbstractLatency is often framed as a software inefficiency something to be optimized away through be...
March 04, 2024
Market Structure
The Mirror World: Why We Moved Beyond Backtesting
AbstractThe most dangerous assumption in modern finance is that the past is a reliable proxy for the...
January 30, 2026
Market Structure
Polygon’s Strategic Pivot: From Scaling Infrastructure to Regulated Payment Rails
AbstractPolygon’s acquisition of Coinme and Sequence marks a decisive shift in strategy. Rather than...
January 26, 2026
Market Structure
The War for Standards: Arbitrum Orbit vs. the Optimism Superchain
AbstractThe Layer 2 landscape has entered a post-scaling era. Transaction throughput and blockspace...
January 22, 2026
Market Structure
L2 Sequencer Dynamics: Navigating Opaque Order Flow
1. Introduction: The Black Box of OrderingIn Layer 1 blockchains like Ethereum, the pending transact...
January 19, 2026
Market Structure
Signal Over Noise: Constructing the Predictive Alpha Engine
Abstract The digital asset market is expanding in scale but fragmenting in structure. The prolifera...
January 18, 2026
Market Structure
The Liquidity Vacuum: Why Hard Capital Determines Survival in a Crash
Abstract In decentralized markets, liquidity is often assumed to be abundant due to the availabilit...
January 15, 2026
Market Structure
The Bridging Latency Wars
1. Introduction: The Asynchronous RealityIn a multi-chain world, "Global Consensus" is a myth. Ether...
January 10, 2026
Market Structure
The Microstructure of Base L2: Sequencer Latency and Execution Asymmetry
1. Introduction: Architectural Trade-Offs and Institutional Risk VectorsAs institutional capital inc...
January 09, 2026
Market Structure
Execution Windows: Where Capital Actually Exists
AbstractCapital is often assumed to be continuously available ready whenever a decision is made. In...
September 03, 2024
Market Structure
Capital Velocity: Why Turnover Beats Leverage
AbstractLeverage is commonly viewed as the primary mechanism for amplifying returns. In high-perform...
August 14, 2024
Market Structure
Deterministic Exit: Why Entry Is Secondary
AbstractMarket narratives obsess over entry: timing, signal quality, and positioning. This paper arg...
July 15, 2024
Market Structure
Capital Staging: Why Deployment Begins Before Opportunity Exists
AbstractIn high-performance financial systems, capital deployment is often mistaken for a binary act...
July 01, 2024
Market Structure
Liquidity Is Not Depth: It Is Temporal Availability
AbstractLiquidity is commonly defined as depth: the visible volume resting on an order book or withi...
April 16, 2024
Algorithmic Alpha
Case Study: The 12ms Edge
AbstractIn the arena of high-frequency decentralized finance (DeFi), speed is not merely an advantag...
January 16, 2026
Algorithmic Alpha
Quantifying LVR: The Mathematical Cost of On-Chain Liquidity
AbstractThis report formalizes the transition from the retail-centric heuristic of "Impermanent Loss...
November 20, 2024
Algorithmic Alpha
Genesis: The Alpha Black Box
1. Introduction: The Paradox of TransparencyIn the ethos of Web3, "open source" is often hailed as t...
August 20, 2024
On-Chain Research
Staking Under Pressure: What Ethereum’s Validator Queue Reveals About Capital Conviction
AbstractEthereum’s validator queues currently exhibit a pronounced asymmetry: a rapidly growing entr...
January 25, 2026
On-Chain Research
Ethereum Staking Is Institutionalizing: From Retail Pools to Professional Validators
AbstractEthereum staking is undergoing a structural transition. What began as a retail- and DeFi-dri...
January 14, 2026