Writing
The full archive of 1kx writing — long-form theses, onchain revenue research, and notes from the team.
Cost of Trust 2.0
Roughly 35% of the US labor market is trust-enabling work: auditors, escrow agents, intermediaries, paperwork. Blockchain reduces the cost of establishing that trust toward zero.
Security and Trust: The Bottleneck of Deploying Agentic AI
AI agents are in production, but capability has outpaced the security and trust infrastructure needed to deploy them safely.
The Rewiring of Trade Finance
Stablecoin payments to emerging-market trade corridors are the most important blockchain product category of 2026, and trade finance is its largest underbuilt segment.
Real World Assets On-Chain
Treasuries, private credit, and funds are moving onchain because settlement, custody, and distribution all get cheaper and faster there. The assets are already trusted; what changes is the infrastructure beneath capital markets.
2025 Onchain Revenue Report: From Mania to Maturity
A comprehensive analysis of protocol fees, value distributed to token holders, ecosystem rotation, and valuation dislocation through the October 2025 data snapshot.
2026 is the year Fundamentals beat Bitcoin
In 2025, more than 85% of large-cap tokens underperformed Bitcoin. In 2026, roughly one quarter of them outperformed Bitcoin. The strongest common feature among those tokens is the value they distribute to tokenholders.