The Caladan Weekly | Navigating Capital Allocation in a Mature Crypto Cycle
The market is bifurcating into two asset classes: institutional-grade DCF assets with yield and infrastructure, and attention assets driven by retail mindshare and airdrop mechanics. Capital is adopting a barbell approach, rotating into safe yield positions and selective high-conviction bets, while avoiding middle-risk exposure.
The Caladan Weekly | The Hidden Mechanics Behind Ethereum’s Rally: Understanding Market Structure and Systemic Risk
Ethereum’s price movements appear deceptively simple: retail enthusiasm builds, price rallies, optimism compounds. But beneath the surface lies a structurally complex dynamic involving funding markets, delta-neutral desks, and recursive leverage demand that reveals profound fragility in today’s crypto markets.
The Caladan Weekly | Ecosystem Deep Dive | Solana
An analysis of Solana’s protocol infrastructure, capital efficiency, and technical architecture.
The Caladan Weekly | Protocol Evaluation Framework: Revenue Analysis, Capital Behavior, and L1 Assessment
Using Caladan’s protocol evaluation framework to analyze revenue-TVL ratio, institutional capital behavior and sustainable vs subsidized yields.