Research column

Deep Dives

Long-form research on one NFT story each week: marketplace economics, royalties, wash trading, financialization and regulation.

Reports 3Cadence Weekly
PublishedReport
2026-09-1401. The Week the Buyers Vanished: 917,549 NFT Transactions From 41,959 AddressesVolume rose 6.8% as reported while buyer addresses collapsed 84.67%. A decomposition of the starkest value-vs-participation divergence in this series — concentration, measurement change, or both.
2026-09-0702. One Chain, One Week: What BNB Chain's 1,042% Surge Hides in the $75.54M NFT NumberSales hit $75.54M while every blue-chip floor fell. Strip out BNB Chain's 1,042% week and the market declined on either available comparison base — a decomposition of what actually moved.
2026-08-3103. Three Baselines, Three Stories: What the −44.7% NFT Headline Actually ShowsThe same week produced a −44.7% crash story, a −34% decline story and a +57% growth story — all arithmetically correct. We reconstruct why, and what can honestly be concluded from $63.33M in NFT sales.