03 · Editorial
Analysis with numbers attached.
Explanations of how crypto systems work, what the data says and where the uncertainty starts.
2 articles · about one a week
Security · 12 Jul 2026Is Blockchain Anonymous? The 4 Things That Tie a Wallet to YouYour crypto wallet is more public than your bank account. Here are the four links that connect an 'anonymous' address to your real name — and what actually helps.Daniel Merritt · 7 min read
Data · 10 Jul 2026What Crypto Fees Actually Cost in 2026 — and Why the Spread Is Thousands of TimesEthereum's median daily fee fell 117x since 2021 and almost nobody updated their mental model. What a transfer really costs across eight chains, live from our Fees Index — plus the mechanics behind a spread of thousands of times.Daniel Merritt · 13 min read