© 2026 The DeFi Report. All Rights Reserved.
Hello readers,
The DeFi Report and Bankless have teamed up to deliver research, market insights, and onchain data to the masses.
In this post, I want to share everything that went into the decision and what it means for you moving forward.
Disclaimer: Views expressed are the author’s personal views and should not be relied upon as investment advice.
Let’s go.
First, this was a long time coming. I’ve had the opportunity to get to know Ryan and David (Bankless co-founders) and the Bankless team over the last 18 months.
The more I got to know them, the more impressed I became. These guys didn’t build the Bankless brand, the #1 podcast in crypto, Bankless Ventures, and a cult following by accident. They are much more than podcasters. These guys are talented entrepreneurs.
They understand The DeFi Report, the brand we’ve built, and our vision to be the most trusted source for high-quality research and data in the industry.
In addition to aligning our respective businesses for a 1+1=3 relationship, we share core values on how to build a business while anchoring to the highest level of ethics, integrity, and service that are deeply important to me.
As a subscriber to The DeFi Report, you will continue to see our data-driven research hit your inbox each week. No changes here.
What will change?
The DeFi Report has been sourcing its own data since the beginning of the year (shout out to Eekeguy, our talented data engineer). Bankless is going to help us step on the gas in this regard.
Why are we building our own datasets?
Flexibility. We’ve historically struggled to get the bespoke data that we need from existing out-of-the-box providers. Those days are behind us, which means the quality of our research will continue to improve.
Alpha. The longer it takes for existing data firms to list projects, the harder it is to deliver alpha to you, the reader (similar to how the best token opportunities are often pre-centralized exchange listing). By sourcing our own data, we’ll be able to deliver unique insights that you cannot find anywhere else.
Taxonomy. The crypto industry is entering “The Turning Point” in terms of the adoption arc of the technology. Regulation is coming. With that comes the need for standardized KPIs and valuation criteria for crypto assets. We’ve been building in the space since ‘21 and believe we have a key role to play here. By creating our own data sets and KPIs, we’ll be able to push our ideas into the market with Bankless’ help.
How I think about the technology stack for crypto data:
L1 nodes (Bitcoin, Ethereum, Solana, etc)
Node infrastructure (Quicknode, Alchemy, Infura, Blockdaemon, etc)
Data Indexing & Warehousing (Dune, Flipside, Snowflake, etc)
Data Platforms & Analytics Interfaces (Token Terminal, Artemis, Glassnode, DeFiLlama)
Interpretative Layer (This is where The DeFi Report sits)
I want The DeFi Report to 1) source unique, high-quality data, 2) distill insights from the data, 3) share those insights globally in an easy-to-consume format.
In short, we want to be the most trusted resource for high-quality insights for you, the investor.
Partnering with Bankless allows us to focus on what we’re good at while growing our brand via their larger distribution network.
In addition to the proprietary data and written reports, we will have a monthly show on Bankless in which we share our most important research, data, and market insights.
Each episode will be released on the first Tuesday of every month via the flagship Bankless Channel. We’ll share each episode with you on this feed.
The first episode dropped today:
Leveraging the partnership with Bankless allows The DeFi Report to move away from a services business model (which kept the lights on) and focus on what we do best: research & data. We are now 100% focused on our research product to serve you, the investor.
As we build out our data, we are looking to work with a select group of asset managers who can benefit from our bespoke data solutions.
If you’re reading this and would like to learn more, you can respond to this email to contact us.
Our goal is to continue to improve our research content and keep it freely available to all.
With that said, we are also exploring ways in which we can deliver premium service to our most loyal subscribers.
The feedback that we consistently receive is that many of you would like to have more access to how we are managing our portfolio.
If you’re one of those people, we need your feedback. Please take a few minutes to answer the survey HERE. Your feedback will help us deliver the best product at a fair price point.
I feel strongly that crypto investors (both retail and institutions) are poorly served by the industry today.
Why?
Misalignment of incentives. A hidden secret of our industry is that many data and research companies are operating more like marketing firms.
Their customers are primarily crypto protocols. Not investors.
Naturally, this causes conflicts of interest.
It’s why The DeFi Report has never taken $ from protocols. We want to serve investors only. That’s who we want to align our incentives with.
So, I want to be abundantly clear about who we work for.
We’re here for you, the investor.
Finally, I want to thank the people who have been instrumental in helping me build The DeFi Report and achieve this milestone:
Laerta Premto (design and much more).
David Mikulecky (an angel who has helped me navigate the legal side of the business).
Eekeyguy (onchain data).
Our customers and data firms we’ve worked with over the years.
Research analysts who have helped us over the years (you know who you are).
You, the reader. We wouldn’t be here without your support in the early days. It means everything to me, and it’s why we put so much time and effort into our work.
My family for supporting me through the ups and downs (many more to come!).
Time to get back to work!
Take a Report.
And Stay Curious.
Disclaimer: Individuals have unique circumstances, goals, and risk tolerances, so you should consult a certified investment professional and/or do your own diligence before making investment decisions. The author is not an investment advisor and may hold positions in the assets covered. Certified professionals can provide individualized investment advice tailored to your unique situation. This research report is for general educational purposes only, is not individualized, and as such should not be construed as investment advice. The content contained in the report is derived from both publicly available information as well as proprietary data sources. All information presented and sources are believed to be reliable as of the date first published. Any opinions expressed in the report are based on the information cited herein as of the date of the publication. Although The DeFi Report and the author believe the information presented is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements herein not misleading, all information and materials in the report are provided on an “as is” and “as available” basis, without warranty or condition of any kind either expressed or implied.