In this report, we take a look at how the Ethereum ecosystem is holding up in light of the DeFi cool down and the market cycle rotation of alts into BTC with the favorable macro environment. We dive i...

Given this unique topology, the following analysis will employ a sum-of-the-parts approach that values...should not be a substitute for fundamentals but something at a minimum to consider in an investment analysis...While this is not something that can be quantitatively baked into this analysis, it is nonetheless something...

We dive into the kick-off of the multi-year transition to ETH 2.0. The launch has partially fueled an ETH rally for which we dig into deeper and we also cover the growth of DeFi underpinning the succe...

In this report, we analyze the increased usage on Ethereum and explain the impacts of the continuation of yield farming and experimentation on various sectors ranging from DEXs to stablecoins. We also...

The developments made during the bear market are paying off. Innovation on Ethereum continues at a torrid pace thanks to the composability of lego blocks built in DeFi. In this issue, we dive into var...

Balance Sheet Analysis Note: USDT and TUSD are not included in this analysis as there is no detailed...This analysis can reduce information asymmetry, preventing excessive losses during events like USDC’s...

A comprehensive analysis of Blur, including potential cash flows and valuations that can be tied to the...A Comprehensive Analysis of Blur Blur has been able to achieve a level of product-market fit that has...For analysis purposes, we assume that Blur turns on the fee switch....Our analysis paints an optimistic picture.

For this analysis, we took a conservative approach, assuming 60% of the esGMX supply reaches circulation...For this analysis, 100% of fees are included as earnings...., Ashwath Balakrishnan, and Brian McRae for editing; and to Christian Cioce for assisting with data analysis...

Bitcoin Holder Analysis Through Cycles February Update February 2019 85 Broad Street New York, NY, 10004...www.delphidigital.io Introduction This write-up serves as an update of the UTXO Analysis from the...As we mentioned before, we utilize this analysis to identify when selling pressures will likely wane...

Bitcoin Holder Analysis Through Cycles December 2018 85 Broad Street New York, NY, 10004 www.delphidigital.io...mentioned in the report, this concept was previously posited by Unchained Capital in their Hodl Waves Analysis...We expand on this analysis to identify when selling pressures will likely wane to forecast the timing...

Bitcoin Holder Analysis Through Cycles December 2018 85 Broad Street New York, NY, 10004 www.delphidigital.io...mentioned in the report, this concept was previously posited by Unchained Capital in their Hodl Waves Analysis...We expand on this analysis to identify when selling pressures will likely wane to forecast the timing...

Additional Charts & Analysis...

DeFi perps might have the most momentum of any crypto subsector at the moment. Several DEXs are simultaneously on the verge of major improvements that appear to put their offerings on par with CEXs....

Recent Parallel Timeframe & Move Magnitude The synchronized timing supports direct comparative beta analysis...

On April 18, an attacker exploited KelpDAO’s LayerZero-powered cross-chain bridge to release 116,500 rsETH ($292M), roughly 18% of the supply. Rather than dumping the tokens in an illiquid market, the...

Since my last alpha feed post, Pengu has basically dumped and revived in the span of a few months. This post provides an update on Pengu changes and examines what might be driving the recent volatilit...

Airdrop Analysis Now let’s break down the current allocation game being run for USD.AI (which currently...

The State of Bitcoin Long-Term Value Potential & Analysis December 2018 85 Broad Street New York, NY...Current UTXO trends suggest we Outlook Short-Term UTXO Analysis are likely to see a bottom in bitcoin...We will delve into each section individually while providing the necessary data analysis to support our...Long-term value potential and analysis of Bitcoin...

...is jam packed with on-chain data, market cycle forecasts, a breakdown of key trading trends, market analysis...A BETTER UNDERSTANDING OF MARKET TRENDS, WHICH OCCASIONALLY WILL INCLUDE QUANTITATIVE MODELS (THE “ANALYSIS...THE ANALYSIS MAY PROVIDE A VALUATION FRAMEWORK BUT IT SHOULD NOT BE INTERPRETED AS A SOLICITATION TO...

In this post, we provide an analysis of a commercially successful 4X / MMORTS game, Rise of Kingdoms,...similar to Arathi Basin in WoW) Tempest Clash (5v5 PvP mode which doesn’t use your commanders) Market Analysis...