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Charting Crypto Cycles
The above chart is canonical but somewhat overcomplicates the psychology at play.
17 Min
Macro & Markets
Mar 2024
HIP-4:A New Way To Express A Bet
MAY 2026 HIP-4: A New Way To Express A Bet​ Abstract HIP-4 introduces a new contract type that lets...To visualize this, you can look at the chart on the left that shows where each contract type lives....7% $70M 6% $60M 5% $50M 4% $40M 3% $30M 2% $20M 1% $10M 0% $0 Illustrative HIP-4 Revenues...
Derivatives
May 2026
Charting Price Clues, Liquidity, & Market Musings
Chart of the Week – The SEC Won’t Let Me Be, Or Let Me Be Me Anyone who’s hung around the cryptoverse...Let’s look at the charts below from the lens of the market participants and order types discussed above...The below chart combines several of the topics discussed above, and in the referenced Market Insights...
14 Min
Macro & Markets
Apr 2022
The Good [Charts], The Bad [Charts], and the Ugly [Charts] The good news is so far we’ve seen strong...doesn’t guarantee the pain will stop; there have been multiple instances where BTC rebounded after a +40%...The most recent example was December 2019; BTC fell ~48% from its 52-week high, bounced off its low,...
6 Min
Macro & Markets
Jun 2021
MON Protocol - Primed for IP Expansion
After launching with massive hype at a $400M FDV, the MON token proceeded to drop to $25M FDV over the...be confirmed), all in-game payments would unlock discounts when using the token on an external web page...been well received overall, the current build remains incredibly unstable and likely needs another 2-4...
16 Min
Gaming
Apr 2025
Delphi's Monthly Markets Webinar - April 2024
Hey Delphi Community,  Join the Macro & Markets team this Wednesday (4/17) from 11am ET – 12PM ET...Hey Delphi Community,  Join the Macro & Markets team this Wednesday (4/17) from 11am ET – 12PM ET...
1 Min
Macro & Markets
Apr 2024
Institutional Chat AMA - Nov 4 2020
To be sure all our Institutional members were able to benefit from the open conversations with strong teams building and investing in the space, we’re sharing a transcript of the first official AMA we...
1 Min
DeFi
Nov 2020
Reddit Avatars: NFTs as Digital Identity
Introduction Reddit — the “front page of the internet” — has been revolutionizing the way people interact...The top 3 most valuable NFTs in Gen 1 are: The Hands by Rojom, with a floor price of 4 ETH and 101...with designs inspired by what the user had been up to on Reddit over the past year. 3.1M supply, 44...
12 Min
NFTs
May 2023
The Rise of Renga NFTs
Renga Black Box NFTs, which holders can burn to mint a Renga NFT, have also charted a similar trajectory...Currently, the floor price sits at 4.18 ETH....This season saw 4,800 tickets minted at 0.069 ETH each....) – A 🧵👇 with memes and an article with actionable insights — nickmetzler.eth (@MetzlerGames) Oct 4,...
4 Min
Digital Collectibles
Oct 2022
GALA and LDO Pump Amid "Short-Squeeze Szn"
Department of Justice seizes Robinhood (HOOD) shares worth $456M in the FTX case....The ETH liquid staking market has grown tremendously, now capturing approximately 40% of all ETH staked...Frax just launched their liquid staking product in October and has seen rapid growth to ~45K staked ETH...
4 Min
Macro & Markets
Jan 2023
The Evolution of Digital Asset Secondary Markets - 2025
Activity surged 73% year-over-year, from 131 deals in H1 2024 to 413 in H1 2025....Moderate discounts (-40% to -50%) increased from 27% to 33% share, while premiums declined from 29% to...Macro Environment and Higher Rates: US Treasury yields averaged 4.7%, weighing on risk appetites.
14 Min
Financial Market Themes
Aug 2025
NFT Debrief - June 2023
This month: Blend captured 93% of the NFT borrow volume market share in May, facilitating over 45.4k...OpenSea followed behind with a 21% share, while OpenSea Pro captured 4%....will need to verify their Twitter/Discord to earn a follow from the official DeGods and Y00ts Twitter page...
20 Min
NFTs
Jun 2023
Oasis TVL, Balancing Balancer, ZK Landscape Update
Chart of The Day: Oasis TVL Plunges due to a Potential EVODefi Exploit TVL on Oasis Network, a privacy-enabled...layer-1 blockchain built using the Cosmos SDK plunged -46% in the last 24 hours due to stablecoin depegs...Immutable X (gaming), Aztec (private transactions), Mina (zkApps) and a few others. dYdX stands out, and 4...
8 Min
Layer 2 / L2
Jun 2022
If the ETF Era Made Bitcoin Investable, the 401(k) Era Could Make It Unavoidable
Brokerage Windows Roughly 40% of 401(k) plans already include a self-directed brokerage window, which...The Adoption Pathways for Bitcoin While all 4 scenarios (Aggressve, Medium, Base, Conservative) assume...By 2032, with miner issuance falling to roughly 41,000 BTC per year, modeled 401(k) inflows of ~700 BTC...
22 Min
Macro & Markets
Nov 2025
ApeCoin Surprise, Intro to Tatsumeeko, & TreasureDAO
Chart of The Day: ApeCoin Launches!...Legions & Smol brains being stolen by a malicious hacker. 154 NFTs were affected, but in the end only 4...To learn more, you can read the seven-page Trove whitepaper here....As of Mar. 14, ~4M MAGIC (equivalent to $9.2M) in transaction fees have been collected by the DAO.
7 Min
NFTs
Mar 2022
Convex Amassing Frax, Macro Trend Reversals, & On-Chain Derivatives
Chart of The Day: Convex Now Owns 10% of Circulating Frax Frax is the first fractional algorithmic...You can check it out on the Frax Convex page!...The tragedy that’s unfolded over the last 48 hours is front and center, and isn’t a situation any of...contribute to the ongoing efforts to help those in need in Ukraine, see the official Ukraine Twitter page...
6 Min
Derivatives
Feb 2022
May Gaming Roundup
@AxieAur) May 19, 2023 Although RON has ended the month on a high for the past several months, the chart...There were a number of new game launches that helped keep UAW from falling further, but as the chart...increased interoperability, & broader connectivity across digital economies: https://t.co/OLttyEsX1Z 1/4...
18 Min
Gaming
Jun 2023
Monthly Chartbook - Spring Crossroads
...raised the target range for the federal funds rate by ¼ percentage point, bringing the target range to 4¾...Bloomberg In his wide-ranging, 43-page annual letter to shareholders, Mr....Guppy Multiple Moving Average overlay chart....Hull Moving Average overlay chart shows a similar picture to that of the Guppy chart.
26 Min
Macro & Markets
Apr 2023
Monthly Chartbook - AI Narrative Takes the Wheel
Shouldn’t we focus on more important stuff like numbers, charts, and math? Well, no....In his Narrative Ping Pong blog post, George highlights the chart below: SOFR December 2023 in yield...The chart is literally ping-ponging up and down. We’re trading off ~vibes~ right now....OpenSea trails behind, accounting for 21% of the volume, while OpenSea Pro captured 4%.
30 Min
Global Macro Themes
Jun 2023
X2Y2 vs LOOKS, cBridge Liquidity Mining, The NFT Collectooor
Chart of The Day: X2Y2 vs LooksRare Note: The volumes of X2Y2 and LooksRare are filtered to remove...cBridge Liquidity Mining  On the “Liquidity” page, you will see a green “Farming” mark if there is...Chart of The Day: X2Y2 vs LooksRare Note: The volumes of X2Y2 and LooksRare are filtered to remove wash-trading...
5 Min
Macro & Markets
May 2022