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Explore the latest in-depth research on blockchains and digital assets by HashKey Group


The First Principles of the Web3 New Economy

13 May 2024

The blockchain sector appears to be on the dawn of its own analogous '1995 moment'. Sixteen years of technological maturation, a vibrant and active developer community, the emergence of generative artificial intelligence, the upcoming Bitcoin halving, and the progressive integration of digital assets into the mainstream financial system — all these elements are converging to fuel a "Cambrian explosion" in blockchain applications. We believe that the next decade promises unprecedented innovation in the blockchain sector, catalyzing the creation of vast economic value within the Web3 new economy.

HashKey Capital Insights

Account Abstraction: The Key to Enhancing the Blockchain Interaction Experience

12 June 2024

HashKey Capital Monthly Insights Report: May 2024

7 June 2024

HashKey Capital Monthly Insights Report: April 2024

21 May 2024

Covenants: Programmability of Bitcoin

20 May 2024

HashKey Tokenisation Insights


15 October 2023

Delta 中性稳定币

15 August 2023

以美国国债为例讨论 RWA 的代币化

15 July 2023

读懂 Curve Stablecoin

15 June 2023

HashKey Cloud Insights

What are AVSs and how to select them?

30 April 2024

What are Liquid Restaking Tokens?

19 April 2024

A Comprehensive Study of Dencun Upgrade

13 March 2024

A Comprehensive Study of Ethereum Staking Cryptoeconomics

25 January 2024


1 November 2023

What is HSK?
HSK is HashKey platform token based on the ERC-20 standard protocol that incentivizes contributors across HashKey's ecosystem, fuel the growth of the entire ecosystem. As Hong Kong's licensed exchange, HashKey Exchange will continuously spearhead and expand HSK use cases.

Web3 New Economy and Tokenization Whitepaper

24 December 2023

The Web3 new economy will surpass the Internet economy in terms of the economic system, economic organization, financial system, value creation laws, value distribution laws, stakeholders, business models, distributed decision-making mechanisms, and value capture. Unlike the value capture feature of the "thin protocol, fat application" in the Internet economy, the Web3 new economy is "fat protocol, fat application". The underlying protocol stack of the Web3 new economy has built-in money systems and value systems, and value creation can be performed at the protocol layer. At the application layer, the Web3 new economy will integrate many digital technologies, and the space for value creation will be no less than that of the Internet economy.

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