Markets
Perpetual futures open interest hits a record while spot volume stalls
Leverage is growing faster than the cash market beneath it — a ratio that has preceded every disorderly unwind of the past three years.
By André Mensah · · 6 min read
Data Reporter
André Mensah
Accra, Ghana · Writing for Loud & Proud Records since March 2026
André Mensah is the newsroom's data reporter. He maintains the datasets behind our charts — exchange flows, fee revenue, hashrate distribution and stablecoin supply — and writes the methodology notes that accompany them.
Every dataset he publishes states its source, its refresh cadence and its known limitations. Where attribution is probabilistic, he cites the conservative figure.
He previously worked in quantitative research for an energy analytics firm.
Contact: andre.mensah@loudandproudrecords.com
- Beats
- On-chain data, Mining economics, Methodology, Charts
- Languages
- English, Twi
Stories by André Mensah
Markets
Tokenised treasury funds pass a milestone few traders noticed
Assets in on-chain money market products have grown for eleven consecutive months, driven almost entirely by trading firms parking collateral.
By André Mensah · · 6 min read
Business
Mining firms are selling power contracts, not just hashrate
Three operators have signed multi-year compute agreements, converting energy access into a second, less volatile revenue line.
By André Mensah · · 6 min read
Protocols
Client diversity is improving, slowly, and mostly among professionals
Minority execution clients gained share this year, but hobbyist node operators remain concentrated on the default stack.
By André Mensah · · 5 min read