196344
Delphi Digital
@delphi-digital #196344
Industry-leading Crypto Analysis & Insights.
delphidigital.io
171 Follower 13 Following
Moats in Crypto Markets - A New Framework 🌐
Understanding moats is crucial in an industry where competition accelerates rapidly, yet existing frameworks fall short.
In his latest deep dive, @robpetersen presents a new framework tailored to crypto apps, focusing on 6 verticals:
Money Markets, DEXs, Stablecoins, LSTs/LRTs, Third-Party Bridges, and Social Apps.
Understanding moats is crucial in an industry where competition accelerates rapidly, yet existing frameworks fall short.
In his latest deep dive, @robpetersen presents a new framework tailored to crypto apps, focusing on 6 verticals:
Money Markets, DEXs, Stablecoins, LSTs/LRTs, Third-Party Bridges, and Social Apps.
Deciphering The $UWU Airdrop 🦄
Unicorn's $UWU token, a new PoS “memechain” on Cosmos, is finally live after several months of teasing. Those involved in the clawback can claim their tokens on the website. ⤵️
In its current state, traders can trade “memecoins” on the Unicorn Meme Market, but these aren’t ordinary tokens since the tickers are based on combinations of emojis.
For example, while the testnet was live, the top traded token was “🌽🌽🌽.”
Unicorn's $UWU token, a new PoS “memechain” on Cosmos, is finally live after several months of teasing. Those involved in the clawback can claim their tokens on the website. ⤵️
In its current state, traders can trade “memecoins” on the Unicorn Meme Market, but these aren’t ordinary tokens since the tickers are based on combinations of emojis.
For example, while the testnet was live, the top traded token was “🌽🌽🌽.”
Parallelization Speed Up ⏳
While parallel execution can significantly boost transaction speeds, its impact is lessened during periods of heavy congestion where similar transactions overlap.
For instance, block 20000006 achieved a 6x speedup, but block 20434947 only 1.7x👇 (Data: Ghost Logs)
While parallel execution can significantly boost transaction speeds, its impact is lessened during periods of heavy congestion where similar transactions overlap.
For instance, block 20000006 achieved a 6x speedup, but block 20434947 only 1.7x👇 (Data: Ghost Logs)
Through The Fire And Flames🔥
With BTC crashing to new multi-month lows and the landscape for the broader market looking like a hellscape - Is the bull market still in the room with us right now?
Outside majors, most sectors and assets are down badly, both short-term and YTD👇
With BTC crashing to new multi-month lows and the landscape for the broader market looking like a hellscape - Is the bull market still in the room with us right now?
Outside majors, most sectors and assets are down badly, both short-term and YTD👇
The silver lining in any market pullback is it presents plenty of ripe opportunities for those with longer time horizons:
Kevin Kelly threw his hat in the ring on our latest Office Hours call, highlighting one of the most important charts in crypto he's watching right now👇
Kevin Kelly threw his hat in the ring on our latest Office Hours call, highlighting one of the most important charts in crypto he's watching right now👇
Milady: NFTs as Onchain Cults
Looking back, 2021 felt like a fever dream. We saw a Cambrian explosion in crypto, especially with NFTs. Narratives changed daily, projects minted and crashed, and users clung to false positivity.
Amidst this chaos, Milady was born 👇
Looking back, 2021 felt like a fever dream. We saw a Cambrian explosion in crypto, especially with NFTs. Narratives changed daily, projects minted and crashed, and users clung to false positivity.
Amidst this chaos, Milady was born 👇
The DeAI Stack Pt. II 🌐
The networks of capital and labor which underpinned the 20th century will give way to those of the 21st: networks of data and compute.
After establishing a crypto AI framework in Part 1, @ponderingdurian investigates the infrastructure layer in Part 2.
The networks of capital and labor which underpinned the 20th century will give way to those of the 21st: networks of data and compute.
After establishing a crypto AI framework in Part 1, @ponderingdurian investigates the infrastructure layer in Part 2.
Galaxy Digital Making Moves?📸
Galaxy Digital represents a diversified bet on various crypto aspects, covering areas from trading to Bitcoin mining.
Duncan explores their multifaceted business ventures in the latest Hivemind episode.
A quick excerpt👇
Galaxy Digital represents a diversified bet on various crypto aspects, covering areas from trading to Bitcoin mining.
Duncan explores their multifaceted business ventures in the latest Hivemind episode.
A quick excerpt👇
Reigniting Retail Mania 👥
Price is the ultimate catalyst for driving new capital inflows — Retail didn’t show up en masse last cycle until BTC’s price made a big move above its prior ATH.
What would a $100,000 BTC price do to the psychology of the average investor?
Price is the ultimate catalyst for driving new capital inflows — Retail didn’t show up en masse last cycle until BTC’s price made a big move above its prior ATH.
What would a $100,000 BTC price do to the psychology of the average investor?
Is DAN the Answer to UX Woes? 🔍
Biconomy & Silence Labs developed what they coined the Delegation Authorization Network, an off-chain network allowing users to set tx authorization, similar to session keys in account abstraction but with enhanced security.👇
Biconomy & Silence Labs developed what they coined the Delegation Authorization Network, an off-chain network allowing users to set tx authorization, similar to session keys in account abstraction but with enhanced security.👇
The Purr-fect Opcode: OP_CAT’s Hidden Talents
BTC script is not able to ‘see’ the transaction details and validate them against conditions apart from simpler ones.
➡️This property is called introspection, where the script is able to have access to tx details.
A combination of OP_CAT & Schnorr signatures allows a degree of transaction introspection onto the stack: this can be used to construct recursive covenants, vaults, and more.
@TaprootWizards' CatVM uses OP_CAT, Schnorr sigs, and Merkle trees. Unlike other BTC programmability methods, it will rely on OP_CAT opcode adoption via a BTC soft fork to go live.
The result is a MATT-like mechanism but needs just OP_CAT.
BTC script is not able to ‘see’ the transaction details and validate them against conditions apart from simpler ones.
➡️This property is called introspection, where the script is able to have access to tx details.
A combination of OP_CAT & Schnorr signatures allows a degree of transaction introspection onto the stack: this can be used to construct recursive covenants, vaults, and more.
@TaprootWizards' CatVM uses OP_CAT, Schnorr sigs, and Merkle trees. Unlike other BTC programmability methods, it will rely on OP_CAT opcode adoption via a BTC soft fork to go live.
The result is a MATT-like mechanism but needs just OP_CAT.
Boomers Slurping The Dip 🧃
With nearly $14.6B in net ETF inflows YTD, $BTC spot ETFs have been a huge success.
And despite BTC's latest price drop, inflows have remained positive. Recent inflows exceeded $200M, with FBTC & IBIT leading the pack. Are boomers our saviors?👇
With nearly $14.6B in net ETF inflows YTD, $BTC spot ETFs have been a huge success.
And despite BTC's latest price drop, inflows have remained positive. Recent inflows exceeded $200M, with FBTC & IBIT leading the pack. Are boomers our saviors?👇
Sybil Hunt🔍
The L0 team noted that frequently using dApps moving low value NFTs across chains could be indicative of Sybil activity.
Post snapshot, monthly usage of these dApps dropped significantly with many txs flagged as Sybil-driven, reducing activity across the ecosystem.
The L0 team noted that frequently using dApps moving low value NFTs across chains could be indicative of Sybil activity.
Post snapshot, monthly usage of these dApps dropped significantly with many txs flagged as Sybil-driven, reducing activity across the ecosystem.
A TON of Gaming Hype 🎮
Lately, nothing has been louder in Web3 gaming than TON. From $NOT’s fair launch opening at $1B+ FDV without VC backing to Hamster Kombat reaching 142M users in 77 days, there’s been a new milestone every week.
An Excerpt from our TON gaming report🧵
Lately, nothing has been louder in Web3 gaming than TON. From $NOT’s fair launch opening at $1B+ FDV without VC backing to Hamster Kombat reaching 142M users in 77 days, there’s been a new milestone every week.
An Excerpt from our TON gaming report🧵
Fine Forecasts or Swirling Speculation? 📸
Prediction markets aren’t just a great tool for speculation - they help cut through the noise digesting news quickly.
But how much does accuracy suffer from the lack of liquidity? An excerpt from our latest Hivemind episode🎧👇
Prediction markets aren’t just a great tool for speculation - they help cut through the noise digesting news quickly.
But how much does accuracy suffer from the lack of liquidity? An excerpt from our latest Hivemind episode🎧👇
FREE Access for 1 Week Only! 🔓 🎉
Explore the hidden realms of Dark Pools, the critical role of privacy in crypto & Tradfi, and how institutional adoption may shape blockchain-based dark pools.
Read the full deep dive on Dark Pools NOW!👇
📘 delphi.link/1WDarkPools
Explore the hidden realms of Dark Pools, the critical role of privacy in crypto & Tradfi, and how institutional adoption may shape blockchain-based dark pools.
Read the full deep dive on Dark Pools NOW!👇
📘 delphi.link/1WDarkPools
Do Airdrops Hurt More Than They Help?
At their best, airdrops decentralize the protocol, reward early users, and solidify a community. At their worst, airdrops alienate users, curb momentum, and leak massive value to sybils.
An excerpt from our latest deep dive 👇
At their best, airdrops decentralize the protocol, reward early users, and solidify a community. At their worst, airdrops alienate users, curb momentum, and leak massive value to sybils.
An excerpt from our latest deep dive 👇
Sanko Pets Farms 🌱 🔍
Farming is an essential game feature in Sanko Pets: Buy seeds, wait 5 days, and harvest fruits to feed your Bun or sell for GOLD.
Each Bun has a 25-plot farm, making strategic planting and harvesting crucial for both profit and pet care.
Farming is an essential game feature in Sanko Pets: Buy seeds, wait 5 days, and harvest fruits to feed your Bun or sell for GOLD.
Each Bun has a 25-plot farm, making strategic planting and harvesting crucial for both profit and pet care.
Evolution of Airdrop Design 💸🔍
Airdrops are amongst the most anticipated events surrounding crypto projects.
Initially rewarding users retroactively for their behavior, now most programs use a points system to value user actions and allocate tokens.
Airdrops are amongst the most anticipated events surrounding crypto projects.
Initially rewarding users retroactively for their behavior, now most programs use a points system to value user actions and allocate tokens.
Redacted Metamorphosis 🔍🦋
Redacted Protocol initially designed similarly to OHM, has done a 180 pivot creating an ecosystem fueled by sustainable yield and native token earnings.
Developing a unique suite of products, such as Hidden Hand & Pirex, the rebrand to Dinero is next.
Redacted Protocol initially designed similarly to OHM, has done a 180 pivot creating an ecosystem fueled by sustainable yield and native token earnings.
Developing a unique suite of products, such as Hidden Hand & Pirex, the rebrand to Dinero is next.
Sanko, Degen and Xai TVL🔍
Sanko currently has $13M worth of assets bridged. Meanwhile, Degen Chain only has $3.6M, and Xai $1M.
The thesis is simple, really: With a promising Mcap to TVL ratio, $DMT could be a key asset to monitor if the gaming L3 narrative strengthens👀
Sanko currently has $13M worth of assets bridged. Meanwhile, Degen Chain only has $3.6M, and Xai $1M.
The thesis is simple, really: With a promising Mcap to TVL ratio, $DMT could be a key asset to monitor if the gaming L3 narrative strengthens👀
Top Gaming Tokens: This Cycle vs. Past Cycles🔍
Fueled by a 100% token allocation to users, Notcoin cemented itself among the top gaming coins this cycle.
Now the 3rd largest by Mcap, $NOT averages $300M to $1.5B volume daily, leading gaming tokens across all ecosystems.
Fueled by a 100% token allocation to users, Notcoin cemented itself among the top gaming coins this cycle.
Now the 3rd largest by Mcap, $NOT averages $300M to $1.5B volume daily, leading gaming tokens across all ecosystems.
Liquidity Headwinds Play Catch Up 🔍
Heading into 2024, we outlined a speculative timeline for how things could transpire this year.
Favorable liquidity conditions, launch of spot BTC ETFs, and Bitcoin Halving hype were the key catalysts for our prediction that $BTC would have a strong Q1.
But our outlook wasn’t all sunshine and rainbows:
🗣️ “All these potential near-term catalysts (liquidity expansion, ETF launch, Bitcoin halving) could lose steam right around the same time in late Q1 / early Q2. This is where the greatest likelihood for a pullback or consolidation lies in my view.” - @kevinkelly
So far, that’s precisely what we’ve seen play out. ⤵️
In early April, we reiterated these risks + potential headwinds for BTC and crypto markets, warning of the pain Q2 could bring.
Chief among these was a less favorable liquidity backdrop relative to the prior 6-8 months.
Heading into 2024, we outlined a speculative timeline for how things could transpire this year.
Favorable liquidity conditions, launch of spot BTC ETFs, and Bitcoin Halving hype were the key catalysts for our prediction that $BTC would have a strong Q1.
But our outlook wasn’t all sunshine and rainbows:
🗣️ “All these potential near-term catalysts (liquidity expansion, ETF launch, Bitcoin halving) could lose steam right around the same time in late Q1 / early Q2. This is where the greatest likelihood for a pullback or consolidation lies in my view.” - @kevinkelly
So far, that’s precisely what we’ve seen play out. ⤵️
In early April, we reiterated these risks + potential headwinds for BTC and crypto markets, warning of the pain Q2 could bring.
Chief among these was a less favorable liquidity backdrop relative to the prior 6-8 months.
Centralized vs. Decentralized AI: Who Will Reign Supreme?
🎧 Tune into our latest Delphi Podcast episode:
"The War Between Centralized and Crypto x AI's Open Source Movement" - featuring Ben Fielding , Travis Good, Michael Rinko, and Pondering Durian. ⬇️
🎧 Tune into our latest Delphi Podcast episode:
"The War Between Centralized and Crypto x AI's Open Source Movement" - featuring Ben Fielding , Travis Good, Michael Rinko, and Pondering Durian. ⬇️
Ready to BLAST off?
The @Blast_L2 airdrop takes place today at 10AM EST.
Like clockwork, @BSturisky delivered an AF covering EVERYTHING you need to know about $BLAST - including a GOLD valuation! 👇
The @Blast_L2 airdrop takes place today at 10AM EST.
Like clockwork, @BSturisky delivered an AF covering EVERYTHING you need to know about $BLAST - including a GOLD valuation! 👇