MakerDAO is home to DeFi’s largest native stablecoin. And while the MKR token has been the subject of many jokes on crypto Twitter, a recent governance proposal promises to bring a flavor of value accrual that MKR holders are used to. Ten days ago,... Read more

NFTs had their worst weekend in a long while. Bored Apes, Mutant Apes, Azukis, Memeland Captainz, and many other “blue-chip” PFP collections fell 30 – 60% over the week. Selling accelerated over the weekend. What’s going on here? I think: The trigg... Read more

Anecdotally speaking, back in 2021, Charm Finance seemed to have the most momentum out of the otherwise underwhelming Uniswap v3 active management sector. Charm featured an ambitious portfolio of products that were always filled to their deposit cap... Read more

It is no secret that I have been focusing much of my analysis on Bitcoin lately. With the creation of Ordinals, BRC-20s, Bitmaps, Recursive Inscriptions, and the growing ecosystem of platforms and products to support them, focusing on Bitcoin has nev... Read more

With all the events that have transpired so far in 2023, it might come as a surprise to read that the last 6 months has actually been one of the lower volatility regimes we’ve experienced in crypto in recent years. This can be visualized in the below... Read more

Welcome to the first installment of Charts of the Week, a new weekly series where we cover the coolest charts in the world. Shoutout to Delphi’s resident gigabrains — Ashwath and Jason — for the inspiration behind this format. And without further ad... Read more

If you believe blockchain’s role in gaming is to evolve beyond an incremental value add, then a natural path of progression for many projects will be towards an end-state that is fully on-chain. This transition of state will subsequently lead to a me... Read more

Maverick’s MAV token launched on June 27, flying largely under the radar. This is unexpected for such a promising project, right? For starters, 1.5% of the token supply was allocated to a Binance launchpool. Roughly 80% of the MAV token’s volume is... Read more

Virtual liquidity and virtual pricing designs are really interesting DEX models. They give you an easy way to price assets. The virtual liquidity model has no real asset backing and tries to mimic liquidity depth to create healthy market dynamics. Th... Read more

Polygon announced their new vision in “Polygon 2.0”, a sort of mash-up between the Optimism and Arbitrum stacks along with Cosmos’ Interchain security. Essentially, you have 4 layers: Staking, Interop, Execution and Proving The staking layer will be... Read more