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This paper presents a comprehensive statistical analysis of the Web3 ecosystem, comparing various Web3 tokens with traditional financial assets across multiple time scales. We examine probability distributions, tail behaviors, and other key…

Statistical Finance · Quantitative Finance 2024-12-09 Wei-Ru Chen , A. Christian Silva , Shen-Ning Tung

For data privacy, system reliability, and security, Blockchain technologies have become more popular in recent years. Despite its usefulness, the blockchain is vulnerable to cyber assaults; for example, in January 2019 a 51% attack on…

Cryptography and Security · Computer Science 2022-12-20 D. Nancy Kirupanithi , A. Antonidoss , G. Subathra

The blockchain ecosystem, particularly with the rise of Web3 and Non-Fungible Tokens (NFTs), has experienced a significant increase in users and applications. However, this expansion is challenged by the need to connect early adopters with…

Cryptography and Security · Computer Science 2024-04-08 Hiroki Watanabe , Kohei Ichihara , Takumi Aita

Decentralized Finance (DeFi) is increasingly studied and adopted for its potential to provide accessible and transparent financial services. Analyzing how investors use DeFi is important for reaching a better understanding of their usage…

Social and Information Networks · Computer Science 2024-08-23 Natkamon Tovanich , Célestin Coquidé , Rémy Cazabet

Non-fungible tokens (NFTs) as a decentralized proof of ownership represent one of the main reasons why Ethereum is a disruptive technology. This paper presents the first systematic study of the interactions occurring in a number of NFT…

Social and Information Networks · Computer Science 2021-10-26 S. Casale-Brunet , P. Ribeca , P. Doyle , M. Mattavelli

Nodes performing different functions in a network have different roles, and these roles can be gleaned from the structure of the network. Learning latent representations for the roles of nodes helps to understand the network and to transfer…

Social and Information Networks · Computer Science 2019-10-16 Xuewei Ma , Geng Qin , Zhiyang Qiu , Mingxin Zheng , Zhe Wang

With the escalating prevalence of malicious activities exploiting vulnerabilities in blockchain systems, there is an urgent requirement for robust attack detection mechanisms. To address this challenge, this paper presents a novel…

Distributed consensus mechanisms have been widely researched and made popular with a number of blockchain-based token applications, such as Bitcoin, and Ethereum. Although these general-purpose platforms have matured for scale and security,…

Cryptography and Security · Computer Science 2020-04-28 Steven Platt , Miquel Oliver-Riera

We explore the adoption of graph representation learning (GRL) algorithms to investigate similarities across services offered by Decentralized Finance (DeFi) protocols. Following existing literature, we use Ethereum transaction data to…

Statistical Finance · Quantitative Finance 2024-04-25 Junliang Luo , Stefan Kitzler , Pietro Saggese

There are different interpretations of the terms "tokens" and "token-based systems" in the literature around blockchain and digital currencies although the distinction between token-based and account-based systems is well entrenched in…

Theoretical Economics · Economics 2021-09-21 Aldar C-F. Chan

The development of blockchain technology has significantly enhanced the security and transparency of personal information and transaction records. Concurrent with the advancement of blockchain technology and the emergence of the digital…

Cryptography and Security · Computer Science 2025-09-03 Zeng Zhang , Xiaoqi Li

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

Trading and Market Microstructure · Quantitative Finance 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

Decentralized Ledger Technology, popularized by the Bitcoin network, aims to keep track of a ledger of valid transactions between agents of a virtual economy without a central institution for coordination. In order to keep track of a…

Systems and Control · Computer Science 2018-07-04 Michael Zargham , Zixuan Zhang , Victor Preciado

Novel blockchain technology provides the infrastructure layer for the creation of decentralized appli-cations. A rapidly growing ecosystem of applications is built around financial services, commonly referred to as decentralized finance.…

General Finance · Quantitative Finance 2021-02-25 Johannes Rude Jensen , Victor von Wachter , Omri Ross

Studying how embeddings are organized in space not only enhances model interpretability but also uncovers factors that drive downstream task performance. In this paper, we present a comprehensive analysis of topological and geometric…

Machine Learning · Computer Science 2025-12-02 Florian Rottach , William Rudman , Bastian Rieck , Harrisen Scells , Carsten Eickhoff

Meme tokens represent a distinctive asset class within the cryptocurrency ecosystem, characterized by high community engagement, significant market volatility, and heightened vulnerability to market manipulation. This paper introduces an…

Statistical Finance · Quantitative Finance 2025-06-09 Qiangqiang Liu , Qian Huang , Frank Fan , Haishan Wu , Xueyan Tang

Cryptocurrency blockchains, beyond their primary role as distributed payment systems, are increasingly used to store and share arbitrary content, such as text messages and files. Although often non-financial, this hidden content can impact…

Machine Learning · Computer Science 2025-04-21 Charalampos Kleitsikas , Nikolaos Korfiatis , Stefanos Leonardos , Carmine Ventre

In the area of blockchains, a wallet is anything that manages the access to cryptocurrencies and tokens. Off-chain wallets appear in different forms, from paper wallets to hardware wallets to dedicated wallet apps, while on-chain wallets…

Cryptography and Security · Computer Science 2021-04-06 Monika di Angelo , Gernot Salzer

The rise of Web3 and Decentralized Finance (DeFi) has enabled borderless access to financial services empowered by smart contracts and blockchain technology. However, the ecosystem's trustless, permissionless, and borderless nature presents…

Cryptography and Security · Computer Science 2025-09-29 Hesam Sarkhosh , Uzma Maroof , Diogo Barradas

This paper addresses one of the most noteworthy issues in the recent virtual asset market, the privacy concerns related to token transactions of Real-World Assets tokens, known as RWA tokens. Following the advent of Bitcoin, the virtual…

Cryptography and Security · Computer Science 2025-10-16 Jaeseong Lee , Junghee Lee