https://maximushamilton.xyz/writings daily 0.75 2025-11-08 https://maximushamilton.xyz/writings/the-funding-rate-market-unlock monthly 0.5 2025-11-08 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/5a0077e4-91c4-400d-88c9-339fa7d79ebd/Funding+Rate+Volatility.png Writings - The Funding Rate Market Unlock - Make it stand out Funding Rate Volatility vs. Underlying Price Volatility (source: Coinglass) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/a2966649-70b6-4c02-b495-8b808e2b9ad7/AD_4nXev6mnj_2WjqVTVBTIidisAwyM152X52cOtVLAihxq7huUG7k0oEMms-NM1GvQv7uUaQt-FvhzEKd6gozPmtWRHz0RKf-7ucfTT6G45uxlibJgGGJa9gFjp.png Writings - The Funding Rate Market Unlock - Make it stand out 90-Day Average Spot and Derivatives Volume (source: TokenInsight) https://maximushamilton.xyz/writings/an-analysis-of-kinetiq monthly 0.5 2025-08-30 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/9cf5105c-cc08-45bf-b161-64eaf7e2ebd8/Screenshot+2025-08-19+at+3.07.59%E2%80%AFPM.png Writings - An Analysis of Kinetiq Protocol - Make it stand out Protocol Fees and Revenue (source: DefiLlama) (Data as of August 5, 2025) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/fbcf83c9-123e-4c2c-8a9d-65b141ac6c7d/Screenshot+2025-08-19+at+1.16.15%E2%80%AFPM.png Writings - An Analysis of Kinetiq Protocol - Make it stand out Liquid Staking Protocol Comps (source: DefiLlama, Artemis, ASXN) (Data as of August 5, 2025) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/ef87989b-f4bd-44d6-8ab6-c6ff0d83829a/657%2C500.png Writings - An Analysis of Kinetiq Protocol - Make it stand out Cumulative Builder Fees via HIP-3 Integration (source: Allium) (Data as of August 5, 2025) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/23600f5d-d3eb-4864-935b-07cd34007b1f/Screenshot+2025-08-19+at+1.16.15%E2%80%AFPM.png Writings - An Analysis of Kinetiq Protocol - Make it stand out Launch Platform Projected Revenue Model https://maximushamilton.xyz/writings/the-euler-era monthly 0.5 2025-08-30 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/8c907e1d-bd7d-454d-b4e2-321324dc784a/terminal-.png Writings - The Euler Effect - Make it stand out Active loans across protocols (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/10fd893a-0880-49b1-a28e-1eeb6cf73d75/AD_4nXct89K02hV321OLrqOYLaa6kDBiu3Udn3s4mUY8d4jLnNkwH9A9-VZWeq2tlRVXPIOsLD4V11H7p8b0ugffc75eZ9IdntJFzDVKOJsxGcyNZ8PS1rf3UJJZ.png Writings - The Euler Effect - Make it stand out Example of a customized lend/borrow market (source: Euler docs) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/02bc8860-af56-49a1-b40b-b33f0fb93ac9/AD_4nXf6cpVeBUhZFwoaNwk6h0qPGYayqLGEUsSSt93XiI5zjQ4UzRXAwdWe_EAYQd5312gLwYGpWmeGjCOgxMH-PiV3KC5-6sxMRMx4k_Dlq6LrSzI_mdhZbrmL.png Writings - The Euler Effect - Make it stand out Cumulative swap volume across available Ethereum and Unichain pools (source: Dune) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/2050c01c-0756-4ed7-9d04-1c9317f7c4e1/EUL+price.png Writings - The Euler Effect - Make it stand out EUL price (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/5cbb67b3-d45e-4199-ba8a-a931374d55c3/Compound.png Writings - The Euler Effect - Make it stand out Protocol incentives comparison (source: DefiLlama) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/030d8238-5998-449c-a3e3-4bab901c48a5/AD_4nXelYr6aL269fD0GdcA-kgPLUrFv7QTkbRRVvLtI0-hZt91xp4c01FojL_s-6Ew5KwVF8GWTPL6qwxjflTfRJsZIP1EvGGJOLcOG_tZutHCl4SGQeMi4O1hb.png Writings - The Euler Effect - Make it stand out Protocol vs. DAO fees and revenue (source: DefiLlama) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/c46813f0-4e40-443b-aae9-33a668ba640d/AD_4nXfdsFAvTVyBSg2SvKBA9ZMY8kqXh7gwcMM4txVl1-PpbX6KmBHHkFmb3pizzrn8BLYw4T0ECjYSITXbzCucGggEk7lEK1aoJorzXCb1F1JHPQPDcB6SvpFA.png Writings - The Euler Effect - Make it stand out Total value of user deposits and active loans (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/bac435a4-46fb-488b-96a1-b02736d92a5e/AD_4nXd5zHvYWXfFsxgq8jmVYd4GwuKAlK0xjokkOi3nJWfokRFGTnaC9-_C6x3DutcWtJTlTT1UPCDvQiZ_a7xE4HnylhxC3XMV6Fb5b7kP-NWJCx1Z4Bn5mdqS.png Writings - The Euler Effect - Make it stand out Supplied capital and utilization rate (source: Dune) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/c7017846-7610-45d5-ae60-c06386bda146/AD_4nXfKJMZ12UwjN19DU1yUpEIDVPuQOZvR-n2QkSZBTlgaXcNS9Ub0bRP_01TqiG8Ua90XRc460F0YflgTw4ozJ6zpzh7ibvuV_p0m5T9cZOj1_G24qu8q7tp4.png Writings - The Euler Effect - Make it stand out Euler monthly active addresses (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/b73968eb-eb72-45a7-b6ab-50fbc370028a/Screenshot+2025-07-20+at+4.01.37%E2%80%AFPM.png Writings - The Euler Effect - Make it stand out Borrow and supply metrics: Ethereum vs. Unichain (source: Euler dashboard) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/ae0f0f9c-ecb6-498b-a2d7-3b3b7786992b/AD_4nXcW9-pft3JP86H0f2om6-CuG2zXvebZq_a4nvVzgsdA68SAntFh-20dcOIiMafp_u_BHWA2iPvXpHq0Ces934K2HEkZttWNuu9LUAB4DPcu6NAFIvBfhFtX.png Writings - The Euler Effect - Make it stand out Active loan growth in the lending sector (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/cfc4560e-aa94-4a86-8d7b-a5df47085ffb/AD_4nXfRLuu8JKAARNWsq64QbDUG2Jn17KDHajRdttCX6D6LbncK26CHFZ2zYlkjuU-ZAz_Tir5APpo5oL6ThmsSeH0LzygA1fyfHXP9gp9ZxCsYPLKvFhzMK945.png Writings - The Euler Effect - Make it stand out Active loans market share by project (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/dbb47c5b-87bc-4d1f-a39c-cc717b9d4005/AD_4nXcCTtqZnv4iU6Axwb2gfn-LPd80DXJo_0wCZ69mcfzqR-lXhWfWVxnSDT2wI8CYVm0R4FQfY0lwFyV1Uz-LzLdFPOqVuvoSnZ9vhk7lIAmm94pOJxqH2m0x.png Writings - The Euler Effect - Make it stand out Lending industry comps (source: Token Terminal) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/2c851306-dfc1-4654-ad84-81cab0dc181b/AD_4nXfWtIhk_oxG_ifqU2Ct7q8DJtDxXtCCwZzI30cSIHTvOQtoO1vCoZkAAYqlb1eSBp17wHyX7vEb3EDkoG-1RyNioxbucFJkTa9EGpPSUfoBv4KYsuL4z1ga.png Writings - The Euler Effect - Make it stand out Average financial multiples (source: Token Terminal) https://maximushamilton.xyz/writings/rearchitecting monthly 0.5 2025-07-14 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/402d8302-da66-4fb0-8d5a-6abcd26056d7/27898eed-25a1-40c4-a365-b57d86ed6689.jpg Writings - Modern Merchants, Modular Money - Make it stand out Credit Card Payment Processing (source: Altexsoft Engineering) https://maximushamilton.xyz/writings/cities-are-the-best-tech-product-ever-built monthly 0.5 2025-07-15 https://maximushamilton.xyz/writings/the-liquidity-unlock monthly 0.5 2025-06-10 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/7211094d-7ee7-4db0-b4c4-d4cbe2a36beb/Screenshot+2025-04-07+at+10.16.06%E2%80%AFAM.png Writings - Programmable Liquidity - Make it stand out Retail Trade Settlement Flow (source: Federal Register) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/2c1efa8a-870e-4a5a-a4c8-5f1be965c686/pass.png Writings - Programmable Liquidity - Make it stand out MBS Security Structure (source: Research Gate) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/d6d26181-1cbf-43a6-99d4-1749f5df789e/Pay-Through-MBS-CMO-Structure.png Writings - Programmable Liquidity - Make it stand out CMO Security Structure (source: Research Gate) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/46e63360-fbdd-4d52-bfbb-bc5412ffada0/Tokenization.png Writings - Programmable Liquidity - Make it stand out Token Access from Tokenization Platform (source: Amazon AWS) https://maximushamilton.xyz/writings/the-chicken-and-the-egg monthly 0.5 2025-04-30 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/9329807e-c4dd-4d8c-9cc8-f040af9aa254/Screenshot+2025-03-06+at+12.10.32%E2%80%AFPM.png Writings - The Chicken-and-Egg of Payments - Make it stand out Payment Methods Comparison (source: a16z crypto) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/8bfb556e-4860-4598-8d35-e1ecbb07b134/Screenshot+2025-03-06+at+2.29.38%E2%80%AFPM.png Writings - The Chicken-and-Egg of Payments - Make it stand out Crypto Credit Card Market (source: Business Research Insights) https://maximushamilton.xyz/writings/stablecoins-and-fintechs-next-era monthly 0.5 2025-08-30 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/a20a03a3-b00f-467b-ac5f-916a58db85e1/0b5260cd-30dc-430c-b25a-4abadb02f95a_700x469.jpg Writings - Stablecoins and Fintech’s Next Era - Make it stand out Payment Architecture Comparison (source: SevenX) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/ed2a7037-9911-4890-b623-69c4264ee582/stable.jpeg Writings - Stablecoins and Fintech’s Next Era - Make it stand out Current Stablecoin Supply (source: Artemis) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/3440dd1e-f905-4857-9ed8-e1d0de46a0a6/6682d31cb7b3636be638d864_Fintech+blog-In-body-payment+flow+diagram1+%281%29.jpg Writings - Stablecoins and Fintech’s Next Era - Make it stand out BVNK Payment Orchestration (source: BVNK) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/d7e7e146-0c26-48e9-889b-b30284d7c12b/f.jpeg Writings - Stablecoins and Fintech’s Next Era - Make it stand out Fintech Strategies and Products https://maximushamilton.xyz/writings/unlocking-new-potential-with-web3-payments-an-overview monthly 0.5 2025-04-08 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/4d3b0099-e44c-42de-8030-aa395f09cd9e/cb11a144-d812-48fd-8b3e-08d241032a48_1600x900.jpg Writings - Unlocking New Potential With Web3 Payments - Make it stand out Dynamic Payment Streaming Models (source: Messari) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/03885027-6e38-4f3e-b563-8b055f37381a/b2d682b2-536e-4d75-bf6f-8322130a8d1f_485x446.png Writings - Unlocking New Potential With Web3 Payments - Make it stand out SolSplits Dashboard (source: SolSplits) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/c3d4e326-748d-4b1f-9c24-b88dab9726f5/180f0d9c-84df-4d20-8265-2344dcfd4b0f_734x586.jpg Writings - Unlocking New Potential With Web3 Payments - Make it stand out Stablecoin Transaction Volume (source: Bitwise) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/965e91fd-1985-45c0-a82c-bf4e60926146/1bcbc39a-1271-4e04-8176-d7132dcea32f_1689x914.jpg Writings - Unlocking New Potential With Web3 Payments - Make it stand out Global Remittance Cost Over Time (source: World Bank) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/a9733968-fcd9-4731-82ad-a2a5a1156eb3/21c2a600-e8c0-4771-9e7b-19e8406200a2_2500x1406.jpg Writings - Unlocking New Potential With Web3 Payments - Make it stand out International Payment Costs (source: a16z Research) https://maximushamilton.xyz/writings/fully-homomorphic-encryption monthly 0.5 2025-04-08 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/1523ce0d-cd89-4245-9c2f-0b0b180190ee/FHE.jpeg Writings - Fully Homomorphic Encryption - Make it stand out FHE Mechanics (source: Gregory Boland | LinkedIn) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/f9aa4091-efa0-4aa1-b1f1-ac8709447924/312ba1ed-31cc-4293-9435-50f2018acb02_1024x576.jpg Writings - Fully Homomorphic Encryption - Make it stand out AI Computation on Encrypted Data (source: ChainLink) https://maximushamilton.xyz/writings/decoding-the-engines-of-decentralization monthly 0.5 2025-04-08 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/4a80e62c-d759-4b89-af65-32a841d36edc/factorial.png Writings - Decoding the Engines of Decentralization - Make it stand out Recursive Factorial Operation on the Data Stack (source: Lucila M. | LinkedIn) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/cfb5f6cf-afe5-4614-93b5-74c8e30a0d67/compiler.png Writings - Decoding the Engines of Decentralization - Make it stand out Compiler vs. Interpreter Models (source: HomeTown) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/18a18063-79ab-4466-9367-bef131a21708/a58d4217-61d9-49ff-a77d-05b4cf546534_967x676.jpg Writings - Decoding the Engines of Decentralization - Make it stand out Polkadot Parachains and WASM Execution (source: Polkadot) https://maximushamilton.xyz/writings/blog-post-title-two-2cds5 monthly 0.5 2025-05-05 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/98bdb087-f471-4d24-bf4b-fcafc83dfc9d/network+effects.jpg Writings - The Overvaluation of Network Effects - Make it stand out Network Effects (source: Medium) https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/eba445b1-7b26-4e36-ba3b-03b16b792450/nodes.jpeg Writings - The Overvaluation of Network Effects - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/27068d79-29b2-48a5-be0f-b68bc79944bc/marginalutility.jpeg Writings - The Overvaluation of Network Effects - Make it stand out Metcalfe’s Law (source: ResearchGate) https://maximushamilton.xyz/writings/blog-post-title-one-xcyj9 monthly 0.5 2025-05-05 https://maximushamilton.xyz/home daily 1.0 2025-09-03 https://maximushamilton.xyz/thesis daily 0.75 2025-09-03 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/1740586575842-R8ZNLANJFKOOFZFIPD7J/unsplash-image-gC_aoAjQl2Q.jpg https://maximushamilton.xyz/reading-list daily 0.75 2026-02-14 https://images.squarespace-cdn.com/content/v1/67993de17138063e499b4b85/7e8de58a-e748-4d34-b6d0-a0e5b86cee68/iStock-2166708811.jpg