Market Structure & Capital Flows

Castle Labs' broadest research lane is market structure: where liquidity sits, which venues capture flow, how capital moves across public and private markets, and what the data says before the narrative catches up. This is the home for our market maps, tokenisation work, exchange and venue analysis, volatility coverage, and macro-to-onchain research. It serves readers who need to understand not just what happened, but what changed in the structure of the market.