DeFi Summer Four years ago, DeFi “Blue-Chips” such as lending protocol AAVE and derivatives protocol...For those of us who remember when AAVE was “ETHLend”, the notion of “DeFi” did not yet exist, and the...But, in the midst of hacks, rug pulls and smart contract exploits…a category of reputable DeFi protocols...

We hope you enjoy both. 2024 has been a tale of two summers....We went from a classic crypto summer to the dog days of summer....In retrospect, the summer indigestion is not particularly surprising....The good news is the dog days of summer are behind us, and a classic crypto summer is set to bloom.

The Year Ahead for Crypto 2025 – Full Series: AI+DePIN DeFi Gaming Infrastructure Markets Consumer DeFi...Flexible, programmable, capable of interacting with DeFi...., etc. all point towards this next iteration of DeFi....Bitcoin DeFi – Bitcoin DeFi has become a popular talking point over the past few years, and is an inevitable...

...expects.” https://x.com/SplitCapital/status/1805349168229367936   BTC Spot ETFs — A Strong Start To Summer...Delphi Digital Delphi Research Reports: Delphi’s flagship deep dive research covering all major sectors (DeFi...

Macro Thematics As we wade deeper into the summer months, markets have been anything but the dull doldrums...Public Crypto Accumulator Era (Delphi, June 2025) Marcus outlines how firms like SharpLink, Upexi, and DeFi...being reallocated into dry powder and stable liquidity, which could support risk deployment later this summer...

Mantle’s journey is a representation of the convergence of CeFi and DeFi, a very pertinent one at that...BitDAO’s original vision was to act as an incubator and decentralized investor in the DeFi sector at...the type of CeFi-DeFi collaboration that Mantle is prioritizing....In contrast, ByReal and the DEX portion can bring DeFi’s transparency and robust settlement. ...

But DeFi is far from dead. In a vacuum, the DeFi sector performed well in 2023....Summer and the subsequent rise in demand to use on-chain environments that it was made abundantly clear...Why Rollapps Can Be a Great Choice for DeFi Rollups are a sound choice for a variety of apps — DeFi just...but plugged into DeFi”.

Is DeFi Broken?...DeFi’s ability to cross the chasm....more hidden role oracles have played in stifling DeFi’s ability to scale....The reality is most DeFi users frankly don’t value decentralization and instead use DeFi for the simple...The Mom and Summer Finance teams were allocated 3% and 5.5% of the AJNA token supply respectively to...

Introduction Perhaps “Solana Summer,” which first gained traction in 2021, was just delayed by two years...Perhaps "Solana Summer," which first gained traction in 2021, was just delayed by two years.

The State of DeFi and Where It’s Going DeFi was the golden child of 2020, acting as the first true narrative...Its initiation into the crypto mainstream has now endearingly gone down in history as “DeFi Summer.”...Ethereum DeFi, which is the largest DeFi ecosystem, saw some of its highest-rated coins take a beating...DeFi has its problems.

State of Lending in DeFi DeFi lending and borrowing protocols have seen a resurgence in activity, with...Since Q4 2023, we’ve seen a resurgence in DeFi lending innovations that largely cater to a wider asset...The Morpho team subsequently decided to tackle the broader limitations of DeFi money markets and built...

Price action following the COVID crash saw DeFi outperform pretty much every asset....Several 0-1 DeFi innovations helped generate interest and attract additional capital flows....This is especially true for DeFi....Since DeFi Summer in 2020, DeFi has largely underperformed ETH throughout the previous bull market as...

Quick Links Year Ahead for DeFi 2024 – Full Report Year Ahead for DeFi 2024 – Executive Summary Key Themes...DeFi made significant progress in the decentralized perps sector, but these improvements failed to carve...Economy Theme #2: All Eyes on Uniswap Liquidity Theme #3: App-Specific Rollups Will Scale Ethereum DeFi...

: Macro Outlook Crypto Market Review: Market Structure & On Chain Observations L1s, L2s, & DeFi...Should we lose these levels, the next obvious area of support would have to be the summer lows....Should BTC lose the summer lows, there is not much support left.

Introduction Undercollateralized lending accounts for an underwhelming portion of DeFi lending activity...However, unsecured lending is one of the best ways to unlock capital efficiency in DeFi, and various...The State of DeFi’s Unsecured Money Markets It has been a tough year for crypto tokens as a whole, and...DeFi money markets have not been spared.

The Path to DeFi’s ETF Moment: The Rise of Morpho, Curators, and Mullets The state of DeFi today suggests...For DeFi to grow beyond previous highs and achieve mainstream adoption, DeFi and CeFi must converge and...In this report, I’ll outline why vaults, curators, and “DeFi mullets” may help DeFi cross the chasm,...

Early movers span fintech wallets, centralized exchanges, and increasingly, major DeFi protocols....It’s in DeFi where this trend is most pronounced and where the implications are clearest....From Leakage to Revenue: DeFi’s Stablecoin Playbook This shift is already becoming clear in the onchain...

Macro Headwinds Crypto Market Review – Market Structure & On-Chain Observations L1s, L2s, & DeFi...Analysis NFTs & Gaming Sector Breakdown Summer Doldrums Q2 was an absolute bloodbath for crypto...Infrastructure (L1s/L2s) & DeFi Layer 1 assets, on average, are down ~50% over the last two months...

Introduction After two years of free money, DeFi yields have fallen to unimpressive levels....Principal-protected vaults are an emerging niche of DeFi structured products that attempt to provide...portfolio theory, diversification, and advanced risk metrics are likely to become prominent narratives as DeFi...

Gamestop NFT Is Here, CryptoPunks Revive & Art Blocks Summer [Excerpt from a Delphi Insights report...Weekly Highlight — Art Blocks Summer Is Here Introduction: There has been a resurgence of interest in...Stablecoins have become the backbone of DeFi, with nearly $150B in cumulative market cap....We’re a frictionless #Layer2 gateway to multi-chain DeFi.