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Crypto research.

Kaavon Research provides structured, educational profiles of crypto networks and assets, plus analytical research articles on landscapes, comparisons, and on-chain metrics that cut across individual assets.

New to Research? Start with a coin profile for a specific asset you already know, or an article below for a broader, cross-cutting topic.

Coins
CurrencyBTC
Review needed

Bitcoin

Bitcoin is a decentralized, peer-to-peer digital currency and network that operates without a central issuer or intermediary.

Last reviewed: 2026-08-25

Smart ContractETH
Review needed

Ethereum

Ethereum is a public, programmable blockchain for transactions and applications operated through smart contracts.

Last reviewed: 2026-08-27

Layer 1SOL
Review needed

Solana

Solana is a public, permissionless Layer 1 blockchain designed for transactions and programmable applications.

Last reviewed: 2026-08-27

CurrencyXRP
Review needed

XRP

XRP is the native digital asset of the XRP Ledger, a public blockchain designed for fast, low-cost payments and currency exchange.

Last reviewed: 2026-09-10

CurrencyLTC
Review needed

Litecoin

Litecoin is a peer-to-peer cryptocurrency launched in 2011 as one of the earliest forks of Bitcoin's codebase, designed for faster block times and a different mining algorithm.

Last reviewed: 2026-09-21

Smart ContractADA
Review needed

Cardano

Cardano is a public, proof-of-stake blockchain platform that emphasizes a research-driven, peer-reviewed approach to protocol development.

Last reviewed: 2026-09-21

Layer 1DOT
Review needed

Polkadot

Polkadot is a public network designed to connect multiple independent, specialized blockchains, called parachains, into one interoperable system.

Last reviewed: 2026-09-21

InfrastructureLINK
Review needed

Chainlink

Chainlink is a decentralized oracle network that supplies external, real-world data to smart contracts across multiple blockchains.

Last reviewed: 2026-09-21

Layer 2POL
Review needed

Polygon

Polygon is a network of blockchains built to scale Ethereum, offering faster and cheaper transactions while connecting back to Ethereum's base layer.

Last reviewed: 2026-09-21

Layer 1AVAX
Review needed

Avalanche

Avalanche is a public, proof-of-stake Layer 1 network designed around a distinctive consensus protocol and a customizable multi-chain subnet architecture.

Last reviewed: 2026-09-21

Layer 1ATOM
Review needed

Cosmos

Cosmos is a network of independent, application-specific blockchains connected through a shared communication protocol, often described as an "internet of blockchains."

Last reviewed: 2026-09-21

CurrencyDOGE
Review needed

Dogecoin

Dogecoin is a peer-to-peer cryptocurrency that began in 2013 as a lighthearted project, built on Litecoin's codebase, and has since become one of the longest continuously operating alternative cryptocurrency networks.

Last reviewed: 2026-09-21

InfrastructureUNI
Review needed

Uniswap

Uniswap is a decentralized exchange protocol on Ethereum that popularized the automated-market-maker model for token trading, governed in part by holders of its UNI token.

Last reviewed: 2026-09-21

InfrastructureAAVE
Review needed

Aave

Aave is a decentralized lending and borrowing protocol on Ethereum and other networks, allowing users to supply or borrow crypto assets through smart contracts.

Last reviewed: 2026-09-21

CurrencyXMR
Review needed

Monero

Monero is a privacy-focused cryptocurrency that uses cryptographic techniques to obscure transaction details by default.

Last reviewed: 2026-09-21

Layer 1TRX
Review needed

Tron

Tron is a public blockchain network designed for high transaction throughput, widely used for stablecoin transfers.

Last reviewed: 2026-09-21

Layer 1XLM
Review needed

Stellar

Stellar is a public blockchain network designed for fast, low-cost cross-border payments and asset issuance.

Last reviewed: 2026-09-21

Layer 1VET
Review needed

VeChain

VeChain is a public blockchain network focused on supply chain tracking and enterprise use cases.

Last reviewed: 2026-09-21

Layer 1ALGO
Review needed

Algorand

Algorand is a public, proof-of-stake blockchain network designed for fast finality and high throughput.

Last reviewed: 2026-09-21

Layer 1NEAR
Review needed

NEAR Protocol

NEAR Protocol is a public, proof-of-stake, sharded blockchain network designed for scalability and developer usability.

Last reviewed: 2026-09-21

Layer 2ARB
Review needed

Arbitrum

Arbitrum is a Layer 2 network built on Ethereum using optimistic rollup technology to increase throughput and reduce fees.

Last reviewed: 2026-09-21

Layer 2OP
Review needed

Optimism

Optimism is a Layer 2 network built on Ethereum using optimistic rollup technology, with an associated public-goods funding model.

Last reviewed: 2026-09-21

InfrastructureCRV
Review needed

Curve Finance

Curve is a decentralized exchange protocol on Ethereum optimized specifically for efficient trading between similarly-priced assets, such as stablecoins.

Last reviewed: 2026-09-28

InfrastructureCOMP
Review needed

Compound

Compound is a decentralized lending protocol on Ethereum that lets users supply or borrow crypto assets through algorithmically-set interest rates.

Last reviewed: 2026-09-28

InfrastructureMKR
Review needed

Maker (Sky)

Maker is a decentralized protocol on Ethereum best known for issuing DAI, one of the earliest and largest crypto-collateralized stablecoins.

Last reviewed: 2026-09-28

InfrastructureLDO
Review needed

Lido Finance

Lido is a liquid staking protocol that lets users stake assets like ETH while receiving a tradeable token representing their staked position.

Last reviewed: 2026-09-28

InfrastructureCAKE
Review needed

PancakeSwap

PancakeSwap is a decentralized exchange protocol primarily operating on BNB Chain, using an automated-market-maker design.

Last reviewed: 2026-09-28

InfrastructureSUSHI
Review needed

SushiSwap

SushiSwap is a decentralized exchange protocol deployed across multiple blockchain networks, originally forked from Uniswap.

Last reviewed: 2026-09-28

Infrastructure1INCH
Review needed

1inch

1inch is a DEX aggregator that routes trades across multiple decentralized exchanges to seek better overall execution.

Last reviewed: 2026-09-28

InfrastructureGRT
Review needed

The Graph

The Graph is a decentralized protocol for indexing and querying blockchain data, widely used by DeFi and NFT applications.

Last reviewed: 2026-09-28

InfrastructureFIL
Review needed

Filecoin

Filecoin is a decentralized storage network that lets users pay to store data across independent storage providers.

Last reviewed: 2026-09-28

Layer 1ICP
Review needed

Internet Computer

Internet Computer is a public blockchain network designed to host full web applications and services directly on-chain.

Last reviewed: 2026-09-28

Layer 1HBAR
Review needed

Hedera

Hedera is a public network using a hashgraph consensus mechanism, governed by a council of large organizations.

Last reviewed: 2026-09-28

Layer 1EOS
Review needed

EOS

EOS is a public blockchain network using delegated proof of stake, designed for high transaction throughput.

Last reviewed: 2026-09-28

Layer 1KSM
Review needed

Kusama

Kusama is an experimental, early-stage network built using the same codebase as Polkadot, used for testing new features under real economic conditions.

Last reviewed: 2026-09-28

InfrastructureRENDER
Review needed

Render

Render is a decentralized network connecting users who need GPU rendering power with node operators who supply it.

Last reviewed: 2026-09-28

Layer 1INJ
Review needed

Injective

Injective is a Layer 1 blockchain built specifically for finance-focused applications, including on-chain derivatives trading.

Last reviewed: 2026-09-28

Layer 1SUI
Review needed

Sui

Sui is a Layer 1 blockchain using an object-centric data model designed for high transaction throughput and parallel execution.

Last reviewed: 2026-09-28

Layer 1APT
Review needed

Aptos

Aptos is a Layer 1 blockchain built by former Diem project contributors, using the Move programming language and parallel execution.

Last reviewed: 2026-09-28

InfrastructureTIA
Review needed

Celestia

Celestia is a modular blockchain network specializing in data availability, designed to let other chains build on top of it.

Last reviewed: 2026-09-28

Research Articles

Analytical research on landscapes, comparisons, and on-chain metrics — not single-asset profiles, and not step-by-step guides.

Market Landscape

The Layer 2 Scaling Landscape

An overview of how different Layer 2 approaches trade off security, cost, and speed.

Market Landscape

Stablecoin Market Landscape

How the major categories of stablecoin design compare across backing, transparency, and risk.

On-Chain Metrics

DeFi Total Value Locked: What It Measures and Its Limits

What the widely cited TVL metric actually captures, and where it can mislead.

Market Landscape

Crypto Market Cycles: A Historical Pattern Overview

A general, educational look at recurring patterns observed across past crypto market cycles.

Comparative Analysis

Proof of Stake vs. Proof of Work: A Network Security Comparison

How the two dominant consensus mechanisms compare on their security assumptions.

Market Landscape

The State of Crypto Regulation: A General Overview

A general, educational overview of common regulatory themes — not legal advice for any jurisdiction.

Ecosystem Analysis

NFT Market Evolution: From Collectibles to Utility

How publicly documented NFT use cases have broadened beyond simple digital collectibles.

On-Chain Metrics

Understanding On-Chain Analytics Metrics

A general introduction to common metrics used to analyze blockchain network activity.

Comparative Analysis

The Competitive Landscape of Smart Contract Platforms

How major smart contract platforms compare on their core design trade-offs.

Comparative Analysis

Bitcoin vs. Gold: A Comparative Store-of-Value Analysis

How Bitcoin and gold compare on the properties commonly associated with a store of value.

Comparative Analysis

Tokenomics Design Patterns: A Comparative Overview

How common token supply, issuance, and value-accrual designs compare across real projects.

Market Landscape

The Evolution of DEX Design: Order Books to AMMs to Aggregators

How decentralized exchange design has evolved across three distinct generations of architecture.

Comparative Analysis

Crypto Custody Models: A Comparative Analysis

How self-custody, exchange custody, and institutional custody compare on control and risk.

Comparative Analysis

Cross-Chain Interoperability Approaches Compared

How bridges, atomic swaps, and native messaging protocols compare on trust assumptions.

Market Landscape

The Rise of Liquid Staking: A Market Overview

How liquid staking emerged to solve proof-of-stake's liquidity trade-off, and its systemic considerations.

Ecosystem Analysis

Real-World Asset Tokenization: An Overview

How tokenization represents off-chain assets on-chain, and the trust question it depends on.

Ecosystem Analysis

DeFi Lending Market Structure and Risk

How DeFi lending markets are structured, and the specific risks distinct from traditional lending.

On-Chain Metrics

Understanding MEV: Market Impact and Mitigation Approaches

How maximal extractable value affects ordinary users, and documented approaches to reduce it.

Comparative Analysis

The Modular vs. Monolithic Blockchain Debate

Two competing architectural philosophies for blockchain scaling, and their respective trade-offs.

Comparative Analysis

Governance Token Value Accrual Models Compared

How different governance tokens are designed to capture value from the protocols they govern.

Market Landscape

A Historical Overview of Major Crypto Exchange Failures

A factual, educational look at documented patterns behind several major historical exchange collapses.

Ecosystem Analysis

Understanding Restaking: Opportunity and Systemic Risk

How restaking extends staked capital's use, and the documented systemic-risk concerns it raises.

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