Prediction #1: Front-ends increasingly capture value

As the MEV supply chain matures, value is increasingly captured by whoever owns exclusive order-flow. The reason is simple. Anyone downstream of order-flow origination — DEXs, searchers, builders, validators etc. — will experience more competition for the same order-flow. Conversely, th

The post below has also been posted on Twitter by the CEO & Co-Founder of Delphi Digital, Anil Lulla. You can read the thread on Twitter here: https://x.com/anildelphi/status/1873817754484002869

People love to say that crypto has no PMF, but from my perspective, this reveals them as cynics who don’t take the time to explore the different

Web3 games and the buyers of their tokens haven’t had the best relationship this year. Binance research revealed a striking trend – the market cap ratio to FDV for new tokens has plummeted from 41% in 2022 to just 12% in 2024. This pattern was evident in the top 5 gaming launches of 2024 going to market with minimal token unlocks, only to

The Web3 gaming sector has its sights set on Hyperliquid, with Infinigods‘ $GOD token marking the third consecutive listing spot being bought by a gaming team via Dutch auction after Sovrun ($SOVRN) and Pixelmon’s $MON. Both prior listing purchases demonstrated strong price action post announcement: SOVRN jumped from $28M MC to $54M befor

Back in August, the Fantom team announced their rebranding and migration to a new chain, Sonic. Sonic is a new EVM L1 boasting sub-second transaction times, capabilities for over 10,000 orders/second and other interesting features like gas fee monetization for app developers. Sonic also comes with a new native token for the network, $S. A

As memecoin mania continues, two prominent NFT communities have thrown their hats in the ring with their own coins. Remilia Corporation, most notably known for their Milady Maker NFTs, launched their CULT coin earlier this week and the Pudgy Penguin brand plans to launch their PENGU coin before the end of year. While both of these collect

Disclaimer: The following content is a guest post by Jose Macedo. All statements and/or opinions expressed below are the personal opinions and the responsibility of the respective content author(s). The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connecti

There’s an emerging narrative quietly proliferating in DeFi.

Coined by the President of Solana Foundation, Lily Liu, PayFi is the idea that stablecoins can meaningfully lower the cost of capital for businesses who rely on short-term financing. In other words, by harnessing both the instant settlement times and lower barriers to entry that

The HYPE TGE took place on Hyperliquid last Friday and went incredibly smooth with unprecedented traffic for the L1. While the current validator setup definitely aided in the impressive launch, the flawless execution really showcased the team’s preparation and technical expertise. After airdropping the token to over 94,000 wallets, HYPE t

Limitless is a prediction market solely focused on building out financialized products. So far, their efforts have been around establishing their 0DTE markets as a real way for users to not just speculate, but also build financial strategies around.

J.P. Morgan has estimated that the daily notional value of 0DTE options trading has reach