Alpha Insights

Are The Stars Finally Aligning?
By
Anil Lulla•
Many are downright exhausted from the last several months of false breakouts and seemingly endless chop in crypto markets. Yet […]

This time it’s (De)fferent?
By
Anil Lulla•
Months after DeGods migrated back to Solana – which obviously resulted in memes about this marking the top for Solana, […]

Magicblock - Ephemeral Rollups on Solana
By
Anil Lulla•
This is a Snippet from “Solana the Modular” MagicBlock, instead of building a general purpose rollup, is extending execution using […]

Not a Bull Market, Not a Bear Market, but a Third Thing
By
Anil Lulla•
Have we even had a bull market? Sure, BTC has had a good year, SOL and memes have done well, […]

Flash Update: Majors & L1s
By
Anil Lulla•
Given the overnight move in the Majors, ETH is now negative on a year-to-date basis (-2.6% as of 3:00 AM […]

Riding Market Momentum
By
Anil Lulla•
Momentum is the most powerful force in markets. And right now, stocks are taking it on the chin. Plenty of […]
Solana Research Reports

MEVPaladin of the Solana Round Table
By
Anil Lulla•
The report discusses Paladin, a solution designed to combat predatory MEV while allowing validators, stakers to capture maximum proceeds from other MEV opportunities. We dive deeper into the Paladin bot and PAL token, designed to work in tandem to let Solana DeFi grow to its full potential.

Layer 2 / L2Solana 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.

Layer 1 / L1Solana the Monolith
By
Anil Lulla•
Solana is not just about slapping some expensive hardware on a blockchain and calling it a day, but rather, how do we optimize software to best take advantage of performant hardware?

DerivativesAnalyzing Leverage Ratios and Altcoin Price Movements
By
Anil Lulla•
Leverage is a double-edged sword, and is frequently misunderstood in the realm of crypto trading. While it can act as a profit multiplier for disciplined traders, it simultaneously serves as the harbinger of liquidation emails for those who do not respect it.

Macro & MarketsMarket Note: SOL Surges and Stalls
By
Anil Lulla•
Many had written off Solana as yet another hyped L1 narrative play from this cycle. However, the most recent rally has left many market participants sidelined and speechless. The “up only” regime on a billion-dollar asset has inspired renewed attention and, with it, plenty of opportunities.

Macro & MarketsDelphi Office Hours Call (January 19th, 2023)
By
Anil Lulla•
Join this week's call with our research analysts to discuss crypto developer data, the echo bubble thesis, X2Y2's NFT lending growth, liquid staking derivatives, and more.
Access Exclusive Research
With Delphi Pro
Tap into the industry’s most comprehensive research reports and media content
on digital assets.
Be the first to discover exclusive opportunities & alpha
Understand the narratives driving the market
Build conviction with actionable, in-depth research reports
Engage with a community of leading investors & analysts