We saw a 66% increase in total funding amount and a 240% increase in the number of deals announced in May compared to April. That being said, total Web3 game investments are still down by 37% compared to February. It is fair to say that market unce...
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6th June 2023
Blend Is the New Leader in NFT Lending
As a new contender in the NFT lending realm, Blend achieved a remarkable feat by capturing 77% of the total NFT borrowing volume market share and facilitating over 31.8k loans totaling $466M in volume since launch. This achievement speaks to the st...
anonymous
Reddit Avatars: NFTs as Digital Identity
Reddit — the “front page of the internet” — has been revolutionizing the way people interact and share ideas since its inception in 2005. Renowned for its diverse communities, ranging from light-hearted discussions on the latest memes and cultural tr...
anonymous
5th June 2023
The (Draft) Market Structure Bill: A Note on Strategy.
Everyone is still absorbing the recently dropped draft digital asset market structure bill (DAMS), and I wanted to provide a broader perspective on how we might approach these conversations. Is this draft bill perfect? No, it certainly has flaws th...
anonymous
Delphi’s Crypto Security Updates (June 5th)
Last week was a brutal week for crypto-related exploits and hacks. Here are the ones you should be aware of to prepare yourself and put some guard rails in place. Atomic Wallet: Users signed into their Atomic Wallets over the weekend to find all the...
anonymous
OpenSea Fights Back
OpenSea Pro has surpassed Blur in terms of daily unique users since its launch. More NFT traders are trying out products on OpenSea Pro than on Blur, even though both platforms offer 0% fees and similar trading features. One possible reason for this...
anonymous
Vertex Becomes Latest Perps Exchange to Challenge GMX
Vertex Protocol is a hybrid orderbook/AMM DEX that launched on Arbitrum in April. It’s key differentiators are its low fees (0/3 bps) and unified cross-margin. The race for cross-margin is an emerging narrative in DeFi and could be the next big domi...
anonymous
3rd June 2023
The History of Dollar Hate
As someone who loves Bitcoin and thinks fiat is always doomed to fail, I find myself in the odd position of defending the dollar – at least in the short term. As mentioned a few times in these feed posts, I think the ‘Death of the Dollar’ narrative i...
anonymous
2nd June 2023
Bitcoin - Back From the Future
The halving is upon us. In approximately 320 days, Bitcoin’s block rewards will be halved from 6.25 BTC per block to 3.125. The halving reduces the new supply of Bitcoin entering the market and is often viewed as a market-wide bullish catalyst. It is...
anonymous
Lybra's Rise in LSDfi
LSDfi, has experienced significant growth since the beginning of the year, with various protocols drawing in $400M worth of Liquid Staked Derivatives (LSDs) for use within DeFi. Leading the pack is Lybra Finance, which has attracted $191M worth of L...
anonymous