The Big Analysis
Decentralised finance is built on the idea of a system that is free from traditional circuits and government control. It is even one of the founding principles of the ecosystem. Yet the product that has established itself as a pillar of DeFi is stablecoin, an asset that, in its dominant
The Big Analysis
What you need to know about Raydium Since 2021, Raydium has occupied a central position among the decentralised finance protocols on Solana. It is based on a hybrid architecture that combines traditional market making automation (MMA) with direct access to Open Book order books. This model reduces transaction costs and
The Big Analysis
What you need to know about Raydium Since 2021, Raydium has occupied a central position among the decentralised finance protocols on Solana. It is based on a hybrid architecture that combines traditional market making automation (MMA) with direct access to Open Book order books. This model reduces transaction costs and
The Big Analysis
With a market estimated at 3,600 billion dollars, mergers and acquisitions occupy a central place in the workings of the global economy. For many companies, buying out an existing player remains a faster and cheaper strategy than building everything in-house: it enables them to grow, capture market share or
The Big Analysis
While the total value of USDT on Tron has surpassed that on Ethereum, and Justin Sun recently found himself having lunch with the President of the United States (due to his holdings of TRUMP memecoins), it's a good time to take stock of this low-key but very active
The Big Analysis
Since the very first bitcoin was mined in the Genesis block by Satoshi Nakamoto on 3 January 2009, an industry has grown up around the idea that computing power can be converted into an extremely rare digital reserve. In the early days, mining was an accessible activity that could be
The Big Analysis
The world's economic systems are mired in ever-increasing debt. In an attempt to cope, central banks are firing up their "printers" - or rather their fiat money generators -, fuelling growth on credit while trying to repay the ever-increasing maturities. Since the end of the gold
The Big Analysis
Built on the idea of a system without intermediaries, decentralised finance (DeFi) has rapidly developed infrastructures that operate autonomously via smart contracts. Decentralised exchanges (DEX), aggregators and inter-chain bridges are based on automated mechanisms that guarantee a certain level of transparency and efficiency. But this autonomy reaches its limits in
The Big Analysis
The year 2025 marks a turning point in corporate finance strategy: never before have so many listed and unlisted companies bet on Bitcoin to strengthen their balance sheets. Since the very first operation carried out in August 2020 by MicroStrategy - now renamed Strategy - Bitcoin has gradually established itself
The Big Analysis
The history of DeFi is punctuated by the emergence of emblematic protocols, those pioneers that defined entire categories: Uniswap for decentralised exchanges, Aave for lending. It is therefore rare - almost audacious - to see a newcomer claiming to rival these giants, and even more so to attempt to challenge
The Big Analysis
Introduction The first quarter of 2025 was marked by tremors of rare intensity on the crypto-asset markets. Buoyed by post-election euphoria in the United States and Donald Trump's rise to power - perceived as favourable to the industry - the crypto ecosystem had started the year with its
The Big Analysis
In the jungle of decentralised finance (DeFi), lending protocols have a seemingly simple mission: to connect those who have capital with those who need it. All without intermediaries, on a shared and transparent infrastructure. But behind this common principle, strategies diverge. While incumbent players such as Aave opt for centralised