Emergence Of Packaged Crypto Ir Tooling And Services (Blockworks Ir)

Issue 83 Edition 2026-03-24 7 min read

General

Sources: 1 • Confidence: Medium • Updated: 2026-03-25 17:50

Key takeaways

Blockworks launched a product called Blockworks Investor Relations (Blockworks IR) that combines curated analytics, branded investor portals, and white-glove advisory support.
A described 'trust problem' is driven on the market side by token proliferation that fragments liquidity and by unclear value accrual from on-chain activity to token holders.
The 'trust problem' is also driven by missing/incomplete data, lack of disclosures (including inflation schedules and market-maker agreements), and lack of standardized recurring reporting.
In 2025, the historical relationship between on-chain revenue growth and token price broke, with revenues reaching records while token prices did not respond.
Blockworks IR launched at the Digital Asset Summit in New York and had BNB and JITO as inaugural clients.

Blockworks launched a product called Blockworks Investor Relations (Blockworks IR) that combines curated analytics, branded investor portals, and white-glove advisory support.
Blockworks IR launched at the Digital Asset Summit in New York and had BNB and JITO as inaugural clients.
Blockworks IR includes a branded, front-facing investor-relations website for protocols that centralizes standardized data in one place.
Blockworks IR is presented as a three-part stack: standardized data publication, IR services (e.g., quarterly reports and earnings calls), and a platform to manage the workflow end-to-end.
Blockworks IR includes engagement analytics intended to identify and profile investors (including on-chain exposure and holding-period behavior) to support targeted outreach.
Blockworks plans to introduce a future 'Blockworks agent' positioned as a lower-cost alternative to external IR services firms.

A described 'trust problem' is driven on the market side by token proliferation that fragments liquidity and by unclear value accrual from on-chain activity to token holders.
Over roughly the last four years, the number of tokens increased by about 35 million while overall crypto market cap stayed roughly flat, implying dilution at the average-token level.
From around 2021 levels, the average market cap per token is down about 50% and the average token price (adjusted for inflation/supply changes) is down about 80%.
Token cohorts launched since 2022 are broadly down on market cap and price measures, while Bitcoin is characterized as the main asset that performed well over the discussed period.
Token performance has lagged despite broader positive industry developments, and the claimed 'institutional bull market' has not benefited most tokens.

The 'trust problem' is also driven by missing/incomplete data, lack of disclosures (including inflation schedules and market-maker agreements), and lack of standardized recurring reporting.
Crypto token investors lack a default standardized investor-facing source of truth comparable to public-market quarterly cadence, standardized financials, management presentations, and guidance.
Investor expectations in crypto are shifting toward more transparency, standardization, and professionalism as institutional capital increases.
Standardized and accessible information is table stakes and existential for the token industry, and protocols should lead on standards rather than waiting for regulators.

A described 'trust problem' is driven on the market side by token proliferation that fragments liquidity and by unclear value accrual from on-chain activity to token holders.
The 'trust problem' is also driven by missing/incomplete data, lack of disclosures (including inflation schedules and market-maker agreements), and lack of standardized recurring reporting.
In 2025, the historical relationship between on-chain revenue growth and token price broke, with revenues reaching records while token prices did not respond.

What is the precise methodology behind the '35 million more tokens' figure, the token-universe definition, and the time window used for the dilution claims?
Do time-series data actually show a structural break in 2025 between on-chain revenues and token prices across a defined set of protocols, and how sensitive is it to protocol selection and revenue definitions?
Which disclosures are most missing in practice (emissions, treasury policy, market-maker agreements, KPI definitions), and what standardized template or cadence would be considered sufficient by institutional allocators?
What measurable market-quality improvements (spread, depth, volatility, long-term holder share) occur when protocols adopt more robust disclosure and recurring reporting?
What are Blockworks IR's pricing, exact data coverage, and deliverables for the advisory component (and how they vary by protocol size/complexity)?

Packaged investor relations tooling may become a new spend line for protocols seeking institutional capital, bundling analytics, disclosures, and recurring reporting into a repeatable workflow.
Protocols that standardize disclosures and reporting could see improved market quality via reduced information gaps and clearer token economics, potentially aiding investability.
The claimed 2025 break between on-chain revenues and token prices suggests market structure and disclosure may dominate fundamentals, increasing the value of value-accrual clarity and standardized reporting.

More protocols publicly adopt standardized recurring reporting, publish clearer emissions and treasury policies, and use branded investor portals as a primary disclosure hub.
Measured market quality improves after enhanced disclosure adoption, including tighter spreads, deeper order books, lower volatility, or higher long-term holder share.
Independent time-series analysis across a defined protocol set shows a robust 2025 regime shift where revenue growth no longer correlates with token price, sensitive tests included.

Little uptake beyond early clients or protocols abandon recurring reporting, indicating limited willingness to pay for packaged IR services.
No observable market quality changes follow improved disclosures and reporting, suggesting information gaps are not a key driver of investability outcomes.
Dilution and liquidity fragmentation claims fail basic verification, including unclear token-universe definitions or no evidence that token proliferation coincided with flat aggregate market cap.