Explainers
Kalshi Fee Schedule: How Trading Fees Are Set
Kalshi's per-contract trading fee follows a price-based formula rather than a flat percentage.
Alex Nin
Explainers
Agentic Payments Infrastructure: The Stack Explained
AI agents cannot swipe a card the way you can. Agentic payments infrastructure is the set of rails, protocols, and data systems that let them pay while proving they had permission to.
Explainers
How Onchain Perp DEX Volume Is Measured
Onchain perpetuals volume is one of the largest numbers in crypto, and much of it is notional, not cash changing hands. Here is how the figure is built and where it misleads.
Explainers
Crosschain Stablecoin Monitoring: What to Track
Tracking a stablecoin across chains is not one feed, it is dozens that have to agree. Here is what crosschain stablecoin monitoring has to reconcile, and where it fails.
Explainers
How Prediction Market Platforms Work
Prediction market platforms turn questions about the future into tradable contracts whose prices read like odds. Here is what they are, why they exist, and what remains legally unsettled.
Explainers
Agent Wallet: How AI Agents Hold and Spend Onchain
An agent wallet is a blockchain account controlled by software, not a person tapping approve. Here is how AI agents hold funds, get spending authority, and stay bounded.
Explainers
How a Liquidation Cascade Builds, Step by Step
A liquidation cascade is a self-reinforcing chain of forced sales that compounds as each forced sale moves the price. Here is the mechanism, the trigger points, and the guardrails.
Explainers
Algorithmic Stablecoins: Why Most Broke Their Peg
Algorithmic stablecoins promise a dollar without a bank account behind it. The mechanism is elegant on paper and fragile in practice. Here is why.
Explainers
Prediction Market Apps Compared: Fees, Liquidity and Settlement
The best prediction market apps are the ones whose fee math, settlement rules, and market types fit what you actually want to trade. Here is how to compare them.
Explainers
x402 vs L402: Two Ways to Pay Over HTTP 402
x402 and L402 both turn the dormant HTTP 402 status code into a working payment layer, but they settle on different rails and assume different worlds. Here is what actually separates them.
Explainers
Perp Funding Rate: The Fee That Anchors Crypto
The perp funding rate is the small, recurring payment that keeps a perpetual futures contract tethered to the real market price. Here is who pays it, how it is calculated, and why it matters far beyond crypto trading desks.
Explainers
Stablecoin Payment Infrastructure: How the Stack Works
Stablecoin payment infrastructure is a stack: issuance, wallets, settlement rails, on/off ramps, and reconciliation. Here is what each layer does and where the money actually settles.