A week and a half ago we highlighted BTCs impressive rally into a key pivotal area located at ~$30K. A bit more specifically, we highlighted a few other dynamics of importance. The first dynamic was that of the strong impulse move from $28K to $30K... Read more

Frax has been growing its market share inside the highly-competitive ETH liquid staking vertical. But it’s not exactly unexpected. In our ETH liquid staking report from earlier this year, Delphi’s analyst Joo Kian wrote: ”Frax’s frxETH has shown st... Read more

Ethereum being relatively weaker against BTC isn’t news. But, once the Shanghai overhead was cleared, ETH did receive a healthy bid. It closed above its current weekly range high but didn’t see any follow-through from it. The price was smashed back... Read more

Synthetic margin trading encompasses protocols like GMX, Gains Network, MUX Network, and Mycelium. For the uninitiated, these are DEXs that import pricing from more liquid trading venues to facilitate a UX-friendly margin trading experience. Source:... Read more

Undercollateralized lending on chain has been abysmal this year. Loans outstanding from the two biggest protocols in the space are down drastically (Maple -59% yoy, TrueFi -96% yoy). Undercollateralized lenders have been plagued by a series of defa... Read more

The weekly number of unique wallets trading NFTs has fallen ~77% since February. We are now sitting at levels below what we saw in September 2021, back when Opensea was the market leader. Contributing factors could include: Wider economic uncertain... Read more

Solana had its most hyped mint of the year on Friday and went off without a hitch. Compare this to even just a year ago when NFT mints and IDOs would render the chain unusable. TPS this time didn’t even flinch. Even after the mint the chain continue... Read more

Neutron’s proposal for ICS is officially live and on-chain. If all goes according to plan the general purpose DeFi chain will launch in the middle of May. This is a big catalyst not just for the Hub but also to start getting more liquidity flowing th... Read more

I am generally not great at timing markets, so I don’t trade. I buy long-term spot positions instead. My emotions run wild when prices soar, and I do not want to sell the higher everything goes. When prices fall, I feel the need to sell everything. T... Read more

Nothing screams Friday afternoon like a discussion on currency debasement, deficits, debt problems, and good old Bitcoin and crypto. I could be wrong, there’s no guarantees on what the future holds. But we’ve done a ton of work on this and the deepe... Read more