Top 10 Crypto Research Firms in 2023
The rise of cryptocurrencies coupled with blockchain technology has changed our perspective on financial transactions. The growth of digital currencies and decentralized ledgers has sparked a surge in research within this dynamic field. Consequently, numerous research firms have emerged, establishing themselves as authoritative voices in the realms of crypto and blockchain.
Given the notoriously unpredictable nature of the crypto market, research firms play a crucial role by offering valuable insights into market behaviors, upcoming technologies, and possible regulatory shifts. Their thorough analysis of data and trends in the cryptocurrency and blockchain sectors equips clients with essential information, enabling them to make savvy decisions and stay ahead of potential developments.
The services provided by these research firms are diverse and frequently customized to meet the specific needs of their clientele. Some firms might zero in on the analysis of particular cryptocurrencies or blockchain applications, while others take a broader approach, examining market dynamics and regulatory changes.
In an industry as fast-paced as cryptocurrency, it's vital to remain informed about the latest trends and research. A wide array of stakeholders—including investors, traders, financial entities, governmental bodies, and tech companies—depend on the insights offered by the firms listed here. If you are involved in investing, trading, or simply curious about the crypto and blockchain landscape, these firms are invaluable resources to add to your toolkit.
Chainalysis
Chainalysis This company specializes in blockchain data analytics, offering investigative software and analytical services tailored for financial institutions, governmental bodies, and law enforcement entities. Their primary focus lies in tracing cryptocurrency transactions and uncovering unlawful activities such as money laundering, fraud, and terrorist financing, aiming to mitigate risks and enhance transparency in the crypto market.
Additionally, Chainalysis produces market intelligence and research reports that analyze blockchain trends and cryptocurrency acceptance. Their insights are frequently referenced by various media channels.
Pros:
- A top-tier provider of blockchain data analytics and investigative services.
- Counted among the trusted resources for governments, financial institutions, and law enforcement.
- Yields crucial insights into blockchain trends and cryptocurrency uptake via comprehensive research reports.
Cons:
- However, their concentrated focus on compliance and regulation might not resonate with everyone in the crypto community.
Delphi Digital
As a consulting firm that specializes in cryptocurrency and blockchain analysis, Delphi Digital offers in-depth, institutional-quality research reports covering cryptocurrencies, blockchain technologies, and overall market trends. This firm has published over 800 comprehensive reports for more than 2,000 institutional subscribers, including notable names like a16z, Jump Crypto, and Multicoin Capital.
They also provide consulting services to blockchain enterprises, investors, and traditional financial institutions eager to explore the cryptocurrency sector. Delphi Digital’s offerings help clients traverse the intricate landscape of blockchain and cryptocurrency.
Pros:
- Delivers institutional-grade research and consulting services to a diverse clientele.
- Provides essential insights into marketplace dynamics and the uptake of cryptocurrency.
- Boasts a team of over 30 seasoned analysts and advisers well-versed in blockchain and cryptocurrency.
Cons:
- Their research reports are typically aimed at institutional investors and may be less accessible to everyday investors.
- Their consulting services could be considered costly by some clients.
Nansen
Nansen This analytics company delivers insightful, data-rich perspectives on the behaviors of cryptocurrency users and investors. Their platform provides real-time analytics, sentiment assessments, and market intelligence for a wide variety of cryptocurrencies.
They also generate research reports and on-chain insights, along with trend analyses across various sectors, including DeFi, L1/L2, and NFTs, assisting investors and traders in making well-informed choices.
Pros:
- Offers real-time analytics and sentiment reporting for an extensive array of cryptocurrencies.
- Presents valuable insights into market dynamics and investment prospects.
- Their platform is designed to be accessible to individual traders and investors.
Cons:
- However, the level of institutional-grade analysis may vary compared to other research firms.
- Their data-centered approach may not fully incorporate market sentiment and community trends.
- Their individual investor focus might not meet the needs of larger institutional clients.
Messari
Messari This firm specializes in providing robust research and analytics regarding the cryptocurrency market. They offer a diverse palette of research reports, data streams, and tools for investors, traders, and financial entities.
Their platform features a community-centric research initiative that allows users to contribute insights and analyses regarding specific cryptocurrencies and blockchain initiatives. Their reports cover a wide range from web3 and DeFi to L1/L2. DAOs and macro trends in the crypto space. Messari raised $35 million In Series B funding, they secured investments from leading web3 stakeholders last year.
Pros:
- Offers an extensive array of institutional research and analysis tools.
- Delivers significant insights into market patterns and investment potentials.
- Their community-driven research framework fosters collaboration and crowdsourced analyses.
Cons:
- The findings may be tailored towards institutional clients and could be less practical for individual investors.
- May be expensive for some clients.
The Block Research
The Block Research This analysis firm focuses on delivering news, research, and in-depth market analysis related to cryptocurrencies. They excel in providing extensive coverage of blockchain and crypto news, coupled with market assessments and research reporting on various topics such as DeFi, central bank digital currencies (CBDCs), and traditional banking.
To cater to both individual and institutional investors, the firm has introduced The Block Pro, a dedicated platform featuring research from its in-house analysts.
Pros:
- Offers the latest news and thorough analysis of the cryptocurrency landscape.
- Provides various research reports and assessments of blockchain initiatives and cryptocurrencies.
- These reports are downloadable and cater to both institutional and individual investors.
Cons:
- All reports require paid access.
Blockchain Research Institute
As a global think-tank focused on blockchain research and education, the Blockchain Research Institute pursues studies on the broader impact of blockchain on businesses, government operations, and society overall. Their research examines critical areas like supply chain management, identity verification, security protocols, and governance.
The insights and reports from the Blockchain Research Institute aid clients in understanding blockchain's transformative potential across various industries. They also host webinars and offer online courses for those keen to grasp the implications of blockchain technology in different sectors.
Pros:
- Serves as a source of thought leadership on blockchain’s strategic implications.
- Covers a diverse array of subjects and sectors.
- Holds monthly live webinars featuring global experts.
Cons :
- However, their emphasis on strategic implications may overlook essential technical aspects of the technology.
- Their research might not be beneficial for individual investors.
Crypto Research Report
Crypto Research Report This firm specializes in producing institutional-grade research reports focused on cryptocurrencies and blockchain technologies. Their work encompasses market analysis, investment opportunities, and technical reviews.
They also provide a suite of data analytics instruments and market intelligence solutions designed to aid clients in making informed investment choices.
Pros:
- Delivers top-tier research and analyses on cryptocurrencies and blockchain technologies.
- Offers an array of analytical tools and market intelligence services.
- Their reports are accessible for both institutional and individual investors.
Cons:
- However, the technical nature of their analysis could be challenging for some to grasp.
Input Output
Founded in 2015 by Charles Hoskinson, the creator of Cardano, alongside Jeremy Wood, a former executive assistant at Ethereum, Input Output is dedicated to advancing blockchain infrastructure solutions for public sector, private sector, and government clients.
Input Output also investigates blockchain scalability, interoperability, and various technical aspects of the field. While their research aligns closely with the products they create, they have amassed a library comprising 174 research papers focused on multiple technologies within the blockchain ecosystem.
They are also the driving force behind the decentralized smart contract platform known as Cardano. Their product range includes the Cardano blockchain, Atala blockchain framework, the ADA wallet Daedalus, and Cardano’s native smart contract functionality named Plutus, among other offerings.
Pros:
- Creates state-of-the-art blockchain and cryptocurrency infrastructure.
- Explores the technical facets of blockchain technology.
- Offers a wide array of products and services geared towards developers, enterprises, and governmental bodies.
Cons:
- However, their concentrated emphasis on Cardano may not engage all investors.
- Some products and services might be too niche, limiting their applicability to all clientele.
- Their research may be too specialized for certain investors.
CoinCenter
CoinCenter This non-profit organization focuses on research and advocacy related to cryptocurrency and blockchain policies. They actively participate in policy discussions and conduct research on various issues, including digital asset regulations, taxation, and privacy concerns.
CoinCenter’s advocacy efforts aim to support the growth of cryptocurrency and blockchain technologies while safeguarding the rights of users and developers, thereby enabling the establishment of open and free cryptocurrency networks. A16z’s general partner Balaji Srinivasan serves on their board.
Pros:
- Engages in crucial discussions and advocacy related to cryptocurrency and blockchain policy matters.
- Delivers impactful research focusing on regulatory challenges and policy considerations.
- Encourages widespread adoption of cryptocurrency and blockchain innovations while ensuring user protection.
Cons:
- Research publications are not issued on a regular schedule.
- Its nonprofit status could restrict its ability to broaden its research efforts.
CoinMetrics
Established in 2017 as an open-source initiative aimed at assessing the economic implications of public blockchains, CoinMetrics has evolved into a key provider of data regarding the cryptocurrency market and its networks. They also perform original research that explores a variety of crypto-related subjects, from stablecoins to Bitcoin mining and beyond.
Furthermore, CoinMetrics supplies a comprehensive suite of data analysis tools, including its blockchain data services and market intelligence solutions, assisting clients in making well-informed investment choices. Their data feeds encompass an extensive array of cryptocurrencies and blockchain ecosystems. search engine Offers detailed weekly market analyses at no cost.
Pros:
- Carries out investigations into blockchain network performance and market dynamics.
- Both institutional and individual investors can access their data feeds and analytical tools.
- Research is primarily directed towards individual investors and may lack appeal for institutional entities.
Con:
- Topics encompass NFTs, cryptocurrency, decentralized finance, compliance and regulation, as well as security breaches.
Crypto research firm cheatsheet
| Crypto Research Firm | Research Topics | Pricing | Pros & cons |
| Chainalysis | – Renowned for its blockchain data analysis and investigative services. | n/a | Pros: – Gained the trust of government bodies, financial organizations, and law enforcement. – Delivers insightful analysis regarding blockchain trends and cryptocurrency uptake through comprehensive reports. – The concentration on compliance and regulatory aspects might not resonate with certain segments of the crypto community. Con: Covers areas like derivatives, lending, stablecoins, Layer 1/Layer 2, cross-chain interactions, gaming, and NFTs. |
| Delphi Digital | $1,000 a month or $10,000 annually, featuring extensive market analysis; includes institutional-grade reports, discussions with Delphi analysts, and entry into the Delphi community. | – Provides premium research and consultancy services tailored to clients. | Pros: – Boasts a skilled team of over 30 analysts and consultants well-versed in blockchain technology and cryptocurrency. Provides essential insights into marketplace dynamics and the uptake of cryptocurrency. – Their research papers are generally targeted at institutional investors, making them less accessible for individual investors. Cons: – The cost of their consultancy services may be a barrier for some clients. Focus areas include cryptocurrency, DeFi, NFTs, blockchain technology, decentralized autonomous organizations, and gaming. |
| Nansen | Standard subscription (for casual crypto enthusiasts): $100 monthly. | VIP subscription (for seasoned investors): $1,000 each month. Alpha subscription (designed for pioneering crypto influencers and leaders; requires an annual commitment): $2,000 per month. – Delivers real-time analytics and market sentiment evaluations for numerous cryptocurrencies. | Pros: – Provides critical insights into market dynamics and viable investment routes. – Their platform is designed to be user-friendly and accessible for individual investors. – Other research firms might offer more robust institutional-grade analysis. Cons: – Focused on individual investors, which could be less appealing to larger institutional clients. Pro Tier: $29.99 monthly (standard billing) or $24.99/month when billed annually. |
| Messari | DAOs, DeFi, L1/L2, web3, NFTs, macro | – Encompasses a variety of institutional-grade research tools and analytical services for clients. Enterprise: Custom | Pros: – Delivers insightful perspectives on market patterns and investment avenues. – Community-oriented research platform encourages collaborative and crowdsourced insights. – Reports are primarily crafted for institutional audiences and might not suit individual investors. Cons: Latest topics include cryptocurrency, market frameworks, metaverse developments, NFTs, DeFi, venture funding, blockchain interoperability, gaming, stablecoins, web3 dynamics, governance, security issues, central bank digital currencies, and regulatory summaries. – May be expensive for some clients. |
| The Block Research | – Offers timely news and insights on the cryptocurrency landscape. | Custom | Pros: – Provides a broad spectrum of research and analytics on blockchain endeavors and different cryptocurrencies. – Reports available for download, catering to both institutional and retail investors. – Supplies thought leadership and strategic insights on the implications of blockchain technology. Cons: – All reports require paid access. |
| Blockchain Research Institute | Blockchain, DeFi, web3, NFT, regulation | n/a | Pros: – Addresses various fields and industry segments. – Hosts monthly live webinars featuring insights from global experts. – However, its strategic perspective on blockchain may overlook its technical intricacies. Cons: – The insights may not cater to the needs of individual investors. Focus areas include derivatives, financial markets, crypto, metaverse, and NFTs. |
| Crypto Research Report | – Offers high-level research and analysis concerning cryptocurrencies and blockchain infrastructures. | n/a | Pros: – Provides a diverse array of data analysis tools and market intelligence resources. – Research outputs are accessible for both institutional clients and individual investors. – Their analysis sometimes leans towards being excessively technical, which could prove challenging for some readers. Con: Focus areas include decentralized applications (dApps), blockchain protocols, digital identities, Layer 2 solutions, smart contracts, wallets, and blockchain technology. |
| Input Output | – Pioneers the development of state-of-the-art blockchain and cryptocurrency infrastructure. | n/a | Pros: – Conducts thorough investigations into the technical aspects of blockchain technology. – Provides a comprehensive suite of offerings tailored to developers, corporations, and governmental bodies. – The emphasis on Cardano may not resonate with every investor. Cons: – Some of their products and services are highly specialized and might not cater to all client needs. – Their technical research might be complex for some investors to grasp. Topics of interest include consumer rights, financial monitoring, innovation strategies, safeguard for investors, privacy protection, and taxation policies. |
| CoinCenter | – Produces detailed weekly market insights at no cost. | n/a | Pros: – Conducts thorough analyses of blockchain activity and market patterns. – Data feeds and analytic tools available for both institutional and retail investors. – Investigative research primarily aims at individual investors, which may not attract institutional participants. Con: Key themes involve stablecoins, decentralized applications, blockchain technology, market dynamics, network activity, DeFi, cryptocurrency, and exchanges. |
| CoinMetrics | They gather their data from a range of sources, which include blockchain networks, both public and private data streams, as well as various market data channels. Data analysis tools are also utilized to interpret and make sense of this information. | n/a | Pros: – Conducts thorough analyses of blockchain activity and market patterns. – Data feeds and analytic tools available for both institutional and retail investors. – Investigative research primarily aims at individual investors, which may not attract institutional participants. Con: Key themes involve stablecoins, decentralized applications, blockchain technology, market dynamics, network activity, DeFi, cryptocurrency, and exchanges. |
FAQ
Typically, they operate without regulation since the cryptocurrency market is predominantly unregulated. Nonetheless, some businesses opt to adhere to the best practices and standards of the industry.
Numerous crypto research firms cater to both institutional and individual customers. Some might impose minimum investment thresholds or require that clients meet specific criteria.
They employ an assortment of tools and methodologies, counting data analysis software, market research techniques, and expert evaluations. Attendance at industry events and conferences is also part of their strategy to keep abreast of recent developments.
While crypto research firms can offer insightful perspectives on market trends and network activity, they cannot guarantee future values for cryptocurrencies or blockchain initiatives. The liquidity and volatility of the market can change abruptly, influenced by numerous unpredictable factors. Hence, the information shared by such firms should serve as one component of your investment evaluation process.
Participates actively in key policy debates and advocacy initiatives related to cryptocurrencies and blockchain technology.
Conclusion
Delivers insightful research focused on regulatory frameworks and policy challenges.
Overall, using these top crypto Aims to foster the use of cryptocurrencies and blockchain tech, all while safeguarding user interests.
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Disclaimer
In line with the Trust Project guidelines Established in 2017 as an open-source initiative aimed at assessing the economic impact of public blockchains,
