Tokenomics research, published monthly.

Every month, FinDaS publishes four reports: the Web3 Investment Report tracking crypto VC deal activity, the Crypto Fees & Multiples report benchmarking what protocols earn against what the market pays for it, the Tokenomics Research Summary reviewing new academic tokenomics papers, and the Paper Deep Dive walking through a single paper in detail. Annually, we also publish the Crypto Outlook Summary and the FinDaS Year in Review.

We feed the same data directly into our tokenomics engagements. Research is authored by Hristo Piyankov, Lead Token Economist, and the FinDaS team.

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Report typeScopePublished
Crypto Fees & MultiplesCrypto Fees & Multiples: Sep-2026 by FinDaS TokenomicsSeptember 2026
Paper Deep DiveProof-of-Backing for Tokenized U.S. Treasuries Sep-2026September 2026
Paper Deep DiveAdversarial-Robust Reward Attribution for DeFi Sep-2026September 2026
Tokenomics Research SummaryTokenomics Research Summary: Sep-2026 by FinDaS TokenomicsSeptember 2026
Web3 Investment ReportWeb3 Investment Report: Aug-2026 by FinDaS TokenomicsAugust 2026
Paper Deep DiveMulti-Currency AMMs for Decentralized FOREX Markets Jul-2026July 2026
Paper Deep DiveStablecoins under Stress in a National Economy Jul-2026July 2026
Tokenomics Research SummaryTokenomics Research Summary: Jul-2026 by FinDaS TokenomicsJuly 2026
Web3 Investment ReportWeb3 Investment Report: Jul-2026 by FinDaS TokenomicsJuly 2026
Paper Deep DivePaper Deep Dive: Bubbles vs. Baselines Jun-2026 by FinDaSJune 2026
Paper Deep DiveToward a Risk Assessment Framework for Institutional DeFiJune 2026
Tokenomics Research SummaryTokenomics Research Summary: Jun-2026 by FinDaS TokenomicsJune 2026
Web3 Investment ReportWeb3 Investment Report: Jun-2026 by FinDaS TokenomicsJune 2026
Paper Deep DivePaper Deep Dive: Privacy is Fungibility May-2026 by FinDaSMay 2026
Paper Deep DiveWho restores the peg? A Mean-Field Game Approach to…May 2026
Tokenomics Research SummaryTokenomics Research Summary: May-2026 by FinDaS TokenomicsMay 2026
Web3 Investment ReportWeb3 Investment Report: May-2026 by FinDaS TokenomicsMay 2026
Paper Deep DivePaper Deep Dive: ClawCoin Apr-2026 by FinDaS TokenomicsApril 2026
Paper Deep DivePaper Deep Dive: The Hidden Plumbing of Stablecoins Apr-2026April 2026
Tokenomics Research SummaryTokenomics Research Summary: Apr-2026 by FinDaS TokenomicsApril 2026
Web3 Investment ReportWeb3 Investment Report: Apr-2026 by FinDaS TokenomicsApril 2026
Paper Deep DiveApplication of the Federal Securities Laws to Certain…March 2026
Paper Deep DivePaper Deep Dive: GENIUS Effects on the Stablecoin EconomyMarch 2026
Tokenomics Research SummaryTokenomics Research Summary: Mar-2026 by FinDaS TokenomicsMarch 2026
Web3 Investment ReportWeb3 Investment Report: Mar-2026 by FinDaS TokenomicsMarch 2026
Paper Deep DiveImpacts of Economic Policies on Wealth Distribution in…February 2026
Paper Deep DivePaper Deep Dive: Stability Anchors and Risk AmplifiersFebruary 2026
Tokenomics Research SummaryTokenomics Research Summary: Feb-2026 by FinDaS TokenomicsFebruary 2026
Web3 Investment ReportWeb3 Investment Report: Feb-2026 by FinDaS TokenomicsFebruary 2026
Paper Deep DiveA Control Theoretic Approach to Decentralized AI Economy…January 2026
Paper Deep DiveEthereum Tokenomics Insights for Web3 Entrepreneurs, a…January 2026
Tokenomics Research SummaryTokenomics Research Summary: Jan-2026 by FinDaS TokenomicsJanuary 2026
Web3 Investment ReportWeb3 Investment Report: Jan-2026 by FinDaS TokenomicsJanuary 2026
Crypto Outlook SummaryCrypto Outlook Summary: 2026 Jan-2026 by FinDaS TokenomicsJanuary 2026
Tokenomics Research SummaryTokenomics Research Summary: Best papers of 2025 Jan-2026January 2026
FinDaS Year in ReviewFinDaS Year in Review: 2025 Dec-2025 by FinDaS TokenomicsDecember 2025
Paper Deep DiveAlgorithmic Monetary Policies for Blockchain… Dec-2025December 2025
Paper Deep DiveLeveraging Large Language Models to Bridge On-chain and…December 2025
Tokenomics Research SummaryTokenomics Research Summary: Dec-2025 by FinDaS TokenomicsDecember 2025
Web3 Investment ReportWeb3 Investment Report: Dec-2025 by FinDaS TokenomicsDecember 2025
Paper Deep DivePaper Deep Dive: Beyond Single-Tokenomics Nov-2025 by FinDaSNovember 2025
Paper Deep DivePaper Deep Dive: FinTechs and Crypto Valuation Nov-2025November 2025
Tokenomics Research SummaryTokenomics Research Summary: Nov-2025 by FinDaS TokenomicsNovember 2025
Web3 Investment ReportWeb3 Investment Report: Nov-2025 by FinDaS TokenomicsNovember 2025
Paper Deep DivePaper Deep Dive: DMind Benchmark Oct-2025 by FinDaSOctober 2025
Paper Deep DivePaper Deep Dive: Would Friedman Burn your Tokens? Oct-2025October 2025
Tokenomics Research SummaryTokenomics Research Summary: Oct-2025 by FinDaS TokenomicsOctober 2025
Web3 Investment ReportWeb3 Investment Report: Oct-2025 by FinDaS TokenomicsOctober 2025
Paper Deep DivePaper Deep Dive: SoK Sep-2025 by FinDaS TokenomicsSeptember 2025
Paper Deep DiveTokenize Everything, But Can You Sell It? RWA Liquidity…September 2025
Tokenomics Research SummaryTokenomics Research Summary: Sep-2025 by FinDaS TokenomicsSeptember 2025
Web3 Investment ReportWeb3 Investment Report: Sep-2025 by FinDaS TokenomicsSeptember 2025
Paper Deep DivePaper Deep Dive: Economic Scarcity as Value Aug-2025August 2025
Paper Deep DivePaper Deep Dive: The Architecture of Blockchain ValueAugust 2025
Tokenomics Research SummaryTokenomics Research Summary: Aug-2025 by FinDaS TokenomicsAugust 2025
Paper Deep DivePaper Deep Dive: A Theory of Lending Protocols in DeFiJuly 2025
Paper Deep DivePaper Deep Dive: Hybrid Monetary Ecosystems Jul-2025July 2025
Tokenomics Research SummaryTokenomics Research Summary: Jul-2025 by FinDaS TokenomicsJuly 2025
Paper Deep DivePaper Deep Dive: Intelligent Decentralized GovernanceJune 2025
Paper Deep DivePaper Deep Dive: The Evolution of Tokens Over The YearsJune 2025
Tokenomics Research SummaryTokenomics Research Summary: Jun-2025 by FinDaS TokenomicsJune 2025
Paper Deep DivePaper Deep Dive: Beyond the Underlying May-2025 by FinDaSMay 2025
Paper Deep DiveEvaluating DAO Sustainability and Longevity Through…May 2025
Tokenomics Research SummaryTokenomics Research Summary: May-2025 by FinDaS TokenomicsMay 2025
Paper Deep DiveDeterminants of Success in Initial Coin Offerings (ICOs)April 2025
Paper Deep DiveTokenization of Assets in the Contemporary Financial…April 2025
Tokenomics Research SummaryTokenomics Research Summary: Apr-2025 by FinDaS TokenomicsApril 2025
Paper Deep DivePaper Deep Dive: Tokenomics of DAO Treasuries Mar-2025March 2025
Paper Deep DivePaper Deep Dive: Where Are Our Airdrops Going? Mar-2025March 2025
Tokenomics Research SummaryTokenomics Research Summary: Mar-2025 by FinDaS TokenomicsMarch 2025
Paper Deep DivePaper Deep Dive: Sustainable Tokenomics Feb-2025 by FinDaSFebruary 2025
Paper Deep DivePaper Deep Dive: The Evolution of Tokenomics Feb-2025February 2025
Tokenomics Research SummaryTokenomics Research Summary: Feb-2025 by FinDaS TokenomicsFebruary 2025
Paper Deep DivePaper Deep Dive: ICOs Conceptual Unveiled Jan-2025 by FinDaSJanuary 2025
Paper Deep DiveLiquid Staking Tokens (LSTs) and Emerging Trends in…January 2025
Tokenomics Research SummaryTokenomics Research Summary: Jan-2025 by FinDaS TokenomicsJanuary 2025
Crypto Outlook SummaryCrypto Outlook Summary: 2025 Jan-2025 by FinDaS TokenomicsJanuary 2025
Paper Deep DivePaper Deep Dive: JANUS Dec-2024 by FinDaS TokenomicsDecember 2024
Paper Deep DivePaper Deep Dive: The ETH Value Debate Dec-2024 by FinDaSDecember 2024
Tokenomics Research SummaryTokenomics Research Summary: Dec-2024 by FinDaS TokenomicsDecember 2024
Paper Deep DivePaper Deep Dive: Exploring the Future of AI Agents in CryptoNovember 2024
Paper Deep DivePaper Deep Dive: Understanding the Rise of MemecoinsNovember 2024
Tokenomics Research SummaryTokenomics Research Summary: Nov-2024 by FinDaS TokenomicsNovember 2024
Paper Deep DiveBusiness Model Types of Web3.0 Social Token Shaped by…October 2024
Paper Deep DivePaper Deep Dive: The DeFi Dilemma Oct-2024 by FinDaSOctober 2024
Tokenomics Research SummaryTokenomics Research Summary: Oct-2024 by FinDaS TokenomicsOctober 2024
Paper Deep DiveCommunicating Tokenomics and Monetary Policy Sep-2024September 2024
Paper Deep DivePaper Deep Dive: The Monetary Mechanisms of EthereumSeptember 2024
Tokenomics Research SummaryTokenomics Research Summary: Sep-2024 by FinDaS TokenomicsSeptember 2024
Paper Deep DiveDecentralised Finance and Automated Market Making Aug-2024August 2024
Paper Deep DivePaper Deep Dive: SERVERFI Aug-2024 by FinDaS TokenomicsAugust 2024
Tokenomics Research SummaryTokenomics Research Summary: Aug-2024 by FinDaS TokenomicsAugust 2024
Paper Deep DiveExploring the Sustainable Development of Web3 Game Token…July 2024
Paper Deep DivePaper Deep Dive: What Drives Crypto Asset Prices? Jul-2024July 2024
Tokenomics Research SummaryTokenomics Research Summary: Jul-2024 by FinDaS TokenomicsJuly 2024
Paper Deep DiveA Mean Field Game Model of Staking System and A… Jun-2024June 2024
Paper Deep DiveExpert perspectives on blockchain in the circular economyJune 2024
Tokenomics Research SummaryTokenomics Research Summary: Jun-2024 by FinDaS TokenomicsJune 2024
Paper Deep DivePaper Deep Dive: Low Float & High FDV: How Did We Get Here?May 2024
Paper Deep DivePaper Deep Dive: The Power of Two in Token Systems May-2024May 2024
Tokenomics Research SummaryTokenomics Research Summary: May-2024 by FinDaS TokenomicsMay 2024
Paper Deep DivePaper Deep Dive: Liquidity is all you need Apr-2024April 2024
Paper Deep DiveWeb3 Business Model Innovation Approach and Cases of…April 2024
Tokenomics Research SummaryTokenomics Research Summary: Apr-2024 by FinDaS TokenomicsApril 2024
Tokenomics Research SummaryTokenomics Research Summary: Mar-2024 by FinDaS TokenomicsMarch 2024
Paper Deep DivePaper Deep Dive: NFTGo: NFT Annual Report 2024 Mar-2024March 2024
Paper Deep DiveSingle-token vs Two-token Blockchain Tokenomics Mar-2024March 2024
Tokenomics Research SummaryTokenomics Research Summary: Feb-2024 by FinDaS TokenomicsFebruary 2024
Paper Deep DivePaper Deep Dive: The Hitchhiker's Guide to RestakingFebruary 2024
Paper Deep DiveTokenomics: How ‘Risky’ Are the Stablecoins? Feb-2024February 2024
Paper Deep DivePaper Deep Dive: Behavioral Tokenomics Feb-2024 by FinDaSFebruary 2024
Tokenomics Research SummaryTokenomics Research Summary: Jan-2024 by FinDaS TokenomicsJanuary 2024
Paper Deep DiveTwo-Sided Long Tails on Blockchain-Based Crowdsourcing…January 2024
Paper Deep DiveNavigating the Global Crypto Landscape with PwC Jan-2024January 2024
Tokenomics Research SummaryTokenomics Research Summary: Dec-2023 by FinDaS TokenomicsDecember 2023
Paper Deep DiveReview of Blockchain Tokens Creation and Valuation Dec-2023December 2023
Paper Deep DiveIOTA 2.0 Incentives and Tokenomics Whitepaper Dec-2023December 2023
Tokenomics Research SummaryTokenomics Research Summary: Nov-2023 by FinDaS TokenomicsNovember 2023
Tokenomics Research SummaryTokenomics Research Summary: Oct-2023 by FinDaS TokenomicsOctober 2023

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