Research - Alea Research

Elite

Stablecoin,

Theses

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

Basic

AI,

Blueprint

Spheron

Spheron is a decentralized compute network enabling AI workloads with low-cost, censorship-free GPU/CPU power via idle compute.

20 Jun, 2025 25 Min Read

Basic

ZetaChain ZetaChain Deep Dive Template Card

Crosschain,

Deep Dives

ZetaChain

ZetaChain is a universal L1 enabling native cross-chain smart contracts, uniting Bitcoin, Ethereum, Solana, and more.

19 Jun, 2025 35 Min Read

Elite

AI,

Blueprint

Grass

Grass is a decentralized network that powers AI and data-heavy apps through internet-scale web scraping.

17 Jun, 2025 25 Min Read

Basic

L2,

Deep Dives

MegaETH

MegaETH aims to be the first real-time chain, placing a strong emphasis on community and application ecosystem.

16 Jun, 2025 28 Min Read

Elite

Markets,

Pulse

Pulse – June 15

In this edition, we discuss the current onchain landscape, market conditions, key stablecoin announcements, & more.

16 Jun, 2025 3 Min Read

Basic

Data Availability,

Perspectives

Sunrise

Sunrise's architecture pairs high-throughput data availability with a native liquidity hub secured by Proof of Liquidity.

10 Jun, 2025 19 Min Read

Basic

DeFi,

Perspectives

Spark

Spark offers high-yield savings (SSR), low-cost USDS borrowing (SparkLend), and deep crosschain liquidity (SLL) in a single stack.

10 Jun, 2025 17 Min Read

Elite

InfoFi,

Theses

Layer3

Layer3 converts protocols’ idle incentives into ROI by matching them with engaged users, generating $20M+ ARR

10 Jun, 2025 11 Min Read

Elite

Markets,

Pulse

Pulse – June 8

In this edition, we discuss Circle's successful IPO, pump.fun's ICO, $CAKE's low FDV/revenue opportunity, & more.

09 Jun, 2025 3 Min Read

Basic

DePIN,

Blueprint

Jambo

Jambo is building a mobile-first Web3 superapp around the $99 JamboPhone, providing a wallet, earning apps, & more.

05 Jun, 2025 25 Min Read

Basic

Identity,

Perspectives

Humanity

Humanity Protocol pairs palm biometrics & zero-knowledge proofs to give each person a private, Sybil-resistant ID.

04 Jun, 2025 14 Min Read