Allium Research for people who have to be right
Allium Research counts what actually happened onchain, including who was on each side of the trade. Cited by the Federal Reserve, BCG, Coinbase, and more. Read the latest below, or get them in your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
September 15, 2026
State of Stablecoins and Payments: September 2026
Supply hit $303B in August 2026 and payments passed $401B, up 42% on 2025.
September 11, 2026
Most Robinhood Chain stock trading is outside NYSE hours
$4.33B of stock-token volume in seven days, 74% of it outside the NYSE session.
September 8, 2026
A year ago the Super Bowl favorite was priced at 2%
$35M of Kalshi season-long volume in August, read at one cutoff the day before kickoff.
September 8, 2026
Solana runs 47% of onchain RWA trades
On 12% of onchain RWA market cap. Twelve months to August 18, 2026.
August 14, 2026
A live market prices Unitree at 4.2x its IPO
Trade.xyz quotes $93 against a $22.37 offer, with 923 accounts positioned before the first trade.
August 7, 2026
Prediction markets moved before currencies in three elections
Romania, Peru and Japan: the market priced the winner before the leu, sol and yen moved.
August 5, 2026
Circle's revenue tracks USDC supply, and supply is falling
Reserve interest is 94% of revenue, and the method has landed within 0.6% of every quarter since Q1 2024.
July 30, 2026
Stablecoins add $170B of genuinely new Treasury demand
Joint with Citizens. $295B of supply classified by use to separate new demand from substitution.
July 30, 2026
Stablecoins are 0.31% of cross-border payments
Joint with FXC Intelligence. $135B of the $44.3T retail market in 2025, up from 0.2% in 2024.
July 30, 2026
Polymarket and Kalshi now predict future GPU rental prices
Both venues settle against the Ornn index, so the prices are testable against real rental rates.
July 30, 2026
Onchain: The New Alternative Alpha
Ten case studies on reading perps and prediction markets, all built on Allium data.
July 27, 2026
A live market priced CXMT's 472% IPO pop before Shanghai opened
Wallet-level positioning into a 472% open, with the perp priced before the Shanghai bell.
July 23, 2026
Gain exposure to Anthropic and OpenAI before the IPO
Spot tokens, perps and prediction markets compared after the May 13 transfer rejections.
July 23, 2026
Binance outflows shifted to self-custody into the MiCA deadline
Where the funds went after Binance withdrew its MiCA application on June 24, 2026.
July 3, 2026
The most expensive long onchain is a crowded bet on SK Hynix
Position-level data on $320M of open interest: ~500 small accounts long, the largest wallets short.
June 25, 2026
Nvidia holds 74% of the odds on a $600B lead
Eight Polymarket markets read from Allium data, June 24, 2026.
June 23, 2026
State of Onchain Finance Q2 2026
Dollars, yield, asset exposure and now information, tracked as one stack.
June 15, 2026
Prediction markets price the Fed almost exactly like Wall Street
June was a locked hold on every venue. The one gap left is a 13-15% cut by September.
June 11, 2026
Three onchain venues priced SpaceX within 19% of its open
Ventuals, trade.xyz and Polymarket clustered at $2.1T on IPO eve against a $1.77T offer.
.webp)
June 10, 2026
Polymarket's World Cup markets have taken $98M
$98M across 1,532 markets, with the crowd placed by onchain behavior rather than IP.
June 8, 2026
ZEC fell 64%, and the selling started before the bug was found
Hyperliquid data shows volume at 12-13x normal on May 26, three days before private discovery.
June 2, 2026
Tokenized US funds hold $14.2B onchain
Across 30 issuers, 48 funds and 19 chains, as of June 2026.
May 18, 2026
Tokenized equities reached $3.3B onchain
$1.67B in spot wrappers and $1.67B in HIP-3 open interest, as of May 19, 2026.
May 18, 2026
Non-crypto perps were 28% of Hyperliquid open interest in May
Stocks, indices, commodities, pre-IPO and FX via HIP-3, doubled in the prior 90 days.
May 17, 2026
Ondo is the only large RWA issuer with a public token
$3.43B platform AUM, with the token trading 3-4x richer than yield-platform peers.
May 14, 2026
USDH: What Coinbase Actually Bought
A bottom-up valuation of the brand and contract rights, from Allium supply data and public comps.
May 13, 2026
Onchain perps carry real price signal while US equities are dark
60 days of 5-minute data. Friday's close misses Monday's open by 113 bps, the Sunday perp by 80.
May 10, 2026
Hyperliquid runs about 70% of onchain perp volume
A 12-month valuation on $6.34B average daily volume and an $825M cumulative buyback, May 2026.
March 31, 2026
Five years of BENJI, the first US-registered fund onchain
$1.98B across nine chains, with Stellar still anchoring 95% of holders. Data through April 2026.
March 31, 2026
1% of wallets generate 65% of prediction market volume
$90B+ of notional volume read for depth, concentration and price formation, 2025 to 2026.
February 28, 2026
Stellar settles at the scale of a regional payment network
17 stablecoins across 9+ fiat currencies and ~95.9M transactions a month. Through February 2026.
February 28, 2026
Tokenized Equities: Market Adoption and Trading Dynamics
Where liquidity sits, how these assets trade against their listed equivalents, and who trades them.
January 31, 2026
Stablecoins: The emergence of a new payment rail
$300B+ of labeled payment volume across 150+ blockchains, 2024 to 2026.
January 13, 2026
Onchain Execution: How Institutions Are Trading in DeFi Markets
Joint with Uniswap Labs on the custody, compliance and execution stack behind institutional DeFi.
December 31, 2025
Stablecoin Payments: The Truth Behind the Numbers
BCG and Allium Labs, 2026. $62T of transfers classified down to $4.2T of real economy payments.
December 16, 2025
In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins
Federal Reserve FEDS Note, December 2025. Allium is the onchain data source.
June 17, 2025
Cross-Chain Arbitrage: The Next Frontier of MEV in Decentralized Finance
arXiv. 530 million trades across nine blockchains, queried through Allium.
June 9, 2025
The State of Crypto: The Future of Money Is Here
Coinbase, 2025. Allium is the cited source for its stablecoin transfer volume figures.
April 30, 2025
Stablecoins: Five killer tests to gauge their potential
BCG, using Visa Onchain Dashboard data powered by Allium.
April 2, 2025
Onchain Trading Data Gaps: Risks for Crypto Market Oversight
By Allium's CEO, from a presentation at the Federal Reserve Bank of New York, April 2025.
April 1, 2025
On-Chain Analysis of Smart Contract Dependency Risks on Ethereum
arXiv. 41M contracts and 11B contract calls, with all figures extracted from Allium.
March 25, 2025
Bybit Hack: How the Lazarus Group Exploited DeFi Protocols to Launder $400M
Crosschain analysis shows Lazarus leveraged DeFi protocols to launder funds
March 9, 2025
Game Theoretic Liquidity Provisioning in Concentrated Liquidity Market Makers
Co-authored by Allium with Carnegie Mellon University. Peer reviewed, published by the ACM.
Visa Onchain Analytics
Visa's public dashboard for global stablecoin flows, powered by Allium.
BCG Digital Assets Intelligence Hub
The hub behind BCG's finding that $62T of stablecoin transfers is $4.2T of real activity, built with Allium.
Paradigm Prediction Markets
Paradigm's dashboard for open interest across Kalshi and Polymarket, built on Allium.
Polymarket Data Portal
Volume, open interest, fees and active traders on Polymarket, live on Allium data.
Hyperliquid Analytics
Open interest, liquidations, TVL and bridge flows on Hyperliquid, live on Allium data.
Monad Network Metrics
TVL, TPS, active addresses and block times on Monad, live on Allium data.