Pro - Alea Research

Arbitrum is far more than its flagship Arbitrum One; its strategy—free L3s, profit‑sharing L2s, and the Stylus multi‑VM engine—ignites rising adoption and thicker margins.

14 Aug, 2025 34 Min Read

Infrastructure,

Theses

Elite

Metaplex

Metaplex is Solana’s token-creation engine; asset issuance results in constant buy-pressure for $MPLX via buybacks.

04 Aug, 2025 22 Min Read

Lending,

Theses

Elite

Euler

A bet on $EUL as a meta-protocol and DeFi operating sysstem with >3x borrowed/FDV and leading utilization rates.

21 Jul, 2025 28 Min Read

Liquid Staking,

Benchmark

Elite

Lido – Q2 2025

Lido remains the most dominant liquid staking protocol on Ethereum despite minor pullbacks in ETH share and stETH APY.

16 Jul, 2025 28 Min Read

Options,

Theses

Elite

Derive

Onchain options leader at <$30m FDV; Coinbase-Deribit buy-out signals 10× upside as flows migrate onchain

25 Jun, 2025 18 Min Read

Yield,

Outlook

Elite

Yield Stack Thesis

Modular ERC4626 asset-management stacks, not isolated yield farms, will power onchain income sustainably.

23 Jun, 2025 42 Min Read

Stablecoin,

Theses

Elite

Ethena

ENA is a kingmaker bet: Converge unites yield, compliance, dApps; fees and flows accrue to staked ENA via fee switch.

20 Jun, 2025 20 Min Read

RWA,

Outlook

Elite

Rise of RWAs

Tokenized real-world assets unlock 24/7 programmable collateral, opening new liquidity and fee layers onchain

29 May, 2025 31 Min Read