X2Y2 Research Reports

NFT MarketplaceBlur: A Fundamental Analysis of NFT Marketplaces
By
Anil Lulla•
Is the NFT market gasping its last breath? A quick glance at the plummeting prices of the so-called "blue-chip" NFTs might lead you to believe so. Indeed, since the start of the year, the market has only been on a downward trajectory, with most of these collections losing 30-60% of their value in ETH terms.

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.

NFTsNFT Debrief - December 2022
By
Anil Lulla•
OpenSea transacted $242.2M in November compared to $295.8M in October, representing an 18% decrease over the previous month. There were notable developments in the broader NFT ecosystem, however.

Macro & MarketsDelphi Office Hours Call (December 15th, 2022)
By
Anil Lulla•
Join us as we discuss the recent CPI print, concentration of volume in DEXs and NFTs, daily active users of prominent dApps, the veToken model, and more.

NFT MarketplaceA Primer on NFT Wash Trading
By
Anil Lulla•
NFT wash trading is a subset of price manipulation that occurs for two main reasons. The primary reason is to earn trading rewards from incentivized platforms such as LooksRare and X2Y2. These platforms are indifferent about artificial volume as their token stakers benefit. The second reason is to manipulate the historical price and volume of an NFT collection. Deceiving potential buyers is uncommon and unsuccessful, but it remains.

NFT MarketplaceLooksRare vs. X2Y2: A Story of Incentivized NFT Marketplaces
By
Anil Lulla•
Competitors in the tokenized NFT marketplace race are still relatively scarce, with a handful seeking to dethrone OpenSea. Although LooksRare and X2Y2 drew first blood by releasing governance tokens, their effectiveness remains to be seen during the current bear market. The question of whether token rewards can sufficiently attract sticky users -- especially amid wash trading concerns and turbulent market conditions -- remains.
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