Reflexivity Research

📰Hot off the press The real competition isn’t Banks vs Crypto. It’s legacy rails vs programmable settlement. The latest @reflexivityres report examines why Tokenized Deposits and Prividiums are the banking system’s path onchain.

.@LayerTwoLabs is raising toward an August 2026 fork activating BIP 300/301 (Drivechain). BIP 300 was proposed in 2015 and has never activated on Bitcoin. Our brief comprehensively covers tokenomics, 4 outcome scenarios, and more: reflexivity.dev/reports/ecash-…

H/t @hydromancerxyz for the data, and the HIP-3 deployers for the success of their respective markets: @tradexyz, @Dreamcash, @hyenatrade, @felixprotocol, @Kinetiq_xyz, @ventuals and one of the newest entrants @tradeparagon

HIP-3 has reached $154 billion in cumulative volume across all deployers since launching on mainnet. MoM growth: $0.8B → $4.2B → $8.1B → $24.8B → $40.3B → $68.5B

Read our full weekly newsletter here: reflexivityresearch.substack.com/p/jupiter-roll…

This week's newsletter spotlight features @JupiterExchange as they roll out Pre-IPO trading enabled by @PreStocks

Take a look at the rest of our weekly newsletter here: reflexivityresearch.substack.com/p/colossus-a-s…

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This week, Hyperliquid has crossed ~$4 Trillion in cumulative perp volume while today the Assistance Fund has reached $1B in total buybacks, burning 41.71M HYPE (4.17% of supply) forever.

Our full weekly newletter can be found here: reflexivityresearch.substack.com/p/tether-enabl…

This week, @tethergold took the spotlight in our newsletter as we covered how XAU₮ is enabling the first-ever gold dividend distribution by a public gold company. To read more about XAU₮, check out our research piece for Valour below

Take a look at the full weekly newletter here: open.substack.com/pub/reflexivit…

This week, @LayerZero_Core held the spotlight in our weekly newsletter as we took a closer look at Zero: The Decentralized Multi-Core World Computer

📊 Introducing the DEFT Valour Investment Opportunity Index (DVIO) Weekly Report We are pleased to release the first edition of our weekly intelligence report tracking how institutional capital is being allocated across digital assets. The DVIO Index monitors 50 digital assets within @ValourFunds' regulated ETP ecosystem, with weights updated weekly based on assets under management and capital flow momentum. The result is a transparent, rules-based view of where regulated investor capital is actually moving, reflecting real institutional positioning rather than purely price-driven allocation. Key insights from this week’s report (February 6, 2026): 🔹 @Bitcoin continues to dominate institutional capital allocation, accounting for more than 50% of total weekly inflows. 🔹 The DVIO Altcoin Barometer (DAB) indicates a rotation toward #Bitcoin, suggesting a consolidation in investor positioning. 🔹#HYPE recorded strong positive momentum, ranking among the top assets for both weekly price performance and net inflows, signaling increasing investor conviction. 🔹 Weekly index rebalancing resulted in @iota being added to the Index, reflecting evolving capital allocation trends across the Valour ETP ecosystem. The DVIO Weekly Report provides: 🔹 Detailed capital flow analysis 🔹 Price–flow divergence indicators ⁠⁠🔹Institutional accumulation and distribution signals ⁠⁠🔹 A Watchlist tracking emerging assets outside the Top 50 for early-stage momentum signals DVIO is designed to deliver the institutional clarity digital asset markets have long needed, translating Web3 complexity into structured, decision-ready intelligence that asset managers and professional investors can analyze, interpret, and act upon. To learn more about the DVIO Index, its insights framework, and how Valour’s regulated ETP ecosystem can support digital asset portfolio strategy, risk management, and allocation decisions, please contact @forson. 📩 #DeFiTechnologies #Valour #DigitalAssets #InstitutionalFinance #DVIO #AssetAllocation #CryptoETPs @reflexivityres @DigitalStillman @HyperliquidX

Reflexivity Research: January 2026 Monthly Review 📊 Sentiment turns defensive as Bitcoin ETFs see -$1.6B outflows and Fear & Greed hits 26. Yet institutional rails advance: NYSE plans 24/7 trading platform, Valour launches staking ETPs on LSE, and stablecoins expand across payments. Security incidents accelerate with $26M Truebit exploit, but product velocity stays high with wallet-native prediction markets and ETHGas enabling 240x faster Ethereum UX. Read our full analysis: coinmarketcap.com/academy/articl… (CMC Research Partner)

Take a look at the full weekly newletter here: open.substack.com/pub/reflexivit…

This week, @OndoFinance took the spotlight in our weekly newsletter as we took a closer look at their summit and new @OndoPerps product

Also now live on @CoinMarketCap: coinmarketcap.com/community/arti…

Check out our latest report on @LayerTwoLabs