Related research

Solana the Modular
By
Anil Lulla•
As a follow up to last year's "Solana the Monolith", this report explores Solana's evolving role in the modular landscape, highlighting its transition from a highly integrated system to one where its core components, particularly the SVM, are being leveraged across Bitcoin, Ethereum, and beyond.
We dive into the decoupling of the SVM, its impact on existing ecosystems, and the rise of Solana's L2 solutions. These L2s, coupled with new additions for zk-proof verification and interoperability, represent a new wave of modularity on Solana, pushing its boundaries.
The report also examines Solana Permissioned Environments (SPEs) as a strategic move toward institutional adoption, offering compliance and customization for regulated entities. Finally, we explore Solana's role as a shared sequencer for EVM rollups and its potential to enhance cross-chain interoperability.

A Look At Dispute Resolution Protocols in Optimistic Rollups
By
Anil Lulla•
The report discusses dispute resolution mechanisms in optimistic rollups, focusing on Arbitrum's new protocol called Bounded Liquidity Delay (BoLD). It contrasts centralized and decentralized systems, highlighting that decentralized systems depend on multiple entities for consensus, leading to potential disputes. BoLD is designed to counter attacks such as delay, economic, and censorship attacks while being permissionless.
The report outlines the dispute resolution process, which involves proposers posting assertions that challengers can contest during a challenge period. It compares Arbitrum's method to those of other optimistic rollups like Optimism, Cartesi, and Fuel, detailing their differing approaches to resolving disputes. Compliance with set timelines and financial stakes is emphasized as crucial to deter malicious activities.
The report concludes that all dispute resolution protocols are still under development, with ongoing research aimed at improving their resilience against various attack vectors.

Pro Crypto Insider Talks - May 2023
By
Anil Lulla•
Delphi Co-founder & Head of Research, Kevin Kelly and Head of Delphi Labs, Jose Maria Macedo join Founder & CEO of Real Vision, Raoul Pal, for May 2023's edition of Crypto Insiders where they dig into the most pressing questions at the nexus of crypto and macro.

The L2 Wars
By
Anil Lulla•
🌇 Sunsetting The Delphi Daily During periods of lower activity, it becomes more important to focus on the broader […]

The Year Ahead for Infrastructure
By
Anil Lulla•
A popular takeaway regarding the FTX drama has been that this was not a DeFi problem, but a TradFi one. It’s absolutely true that custody risks apply to CEXs and not DeFi. Yet, given the size of the collapse, we find it important to ask why, despite all their inherent custodial risks, CEXs continue to attract capital at such higher orders of magnitude.

The Year Ahead for Gaming
By
Anil Lulla•
Gaming was a primary driver of the 2021 mania, yet it has given way to cold realism as we move into the trough of disillusionment.
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