In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.

Chart of The Day: UST is Now a Top 3 Stablecoin UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....through inflation, it has some drawbacks, namely: SOL is locked and requires a cooldown period of 2-3...

In this report, we dig into Bitcoin’s outlook as BTC enters back into the limelight after taking a backseat to the “summer of DeFi” craze. We unpack notable long-term indicators, exchange, and holder...

To mitigate the issues at hand, over the weekend the Balancer community proposed and pushed through 3...

DXY Continues Its Stranglehold It should come as no surprise that the Dollar Index (DXY) appears in our...Aside from the last 7 days (during which the DXY has decided to take a breather), it has been truly “...DXY was 95 when the 2022 calendar year began....This move has also been the fastest YoY change in many years, leading to the DXY breaking out of its...

...moment of regret (again) after the sale concluded and they were acknowledged by the Base ecosystem page...

Fast forward to today and we’ve just witnessed the DXY Index break out to its highest level in twenty...The DXY’s 14-month RSI has crossed above 70 for the first time since its late 2014-2016 run up....~5.7%, which would put the DXY Index just shy of 111, its highest level since 2002.

The DXY has since broken out after several months of consolidation....The DXY’s pullback arguably got overextended on lofty expectations for more liquidity support....If that were to happen, it would also open a window for the DXY to move higher....The DXY has been tracking this trend, too.

Recent dollar weakness supports the notion of a liquidity reversal too – the DXY has fallen 11% since...markets last year, so it’s little surprise that dollar weakness is giving risk assets a lift – the DXY...market weakens, but not yet enough to generate job losses 2) Earnings decline, but not yet negative YoY 3)...

📊 The Dollar Reigns Supreme Since 2016, DXY has continually maintained a strong inverse correlation...In simple terms, as the DXY increases, BTC usually tends to fall, and vice versa....The US Dollar Index (DXY) measures the value of the US Dollar against a basket of foreign currencies....Currently, the DXY is at a 20-year high with a value of 106.25.

However, the increase in userbase isn’t reflected in its volume as swaps continue to hold 3-9% of daily...Aside from the last 7 days (during which the DXY has decided to take a breather), it has been truly “...DXY was 95 when the 2022 calendar year began....This move has also been the fastest YoY change in many years, leading to the DXY breaking out of its...

The last year was massive for both Delphi Research and the broader Web 3 industry....Read Solana The Monolith Brands & NFTs: How Web 3 is a Game Changer for Brand Growth The froth of...Read Blur: A Fundamental Analysis of NFT Marketplaces Why Asia Will Lead Web 3 Gaming: Learnings From...

The big kicker though is the nearly $500B of liquidity the PBOC has withdrawn over the last 3 months...We noted how the DXY bottomed out in late September, just as markets started to reprice a tighter outlook...

We saw the DXY’s 14-month RSI break above 70 at the end of April for the first time since its 2014-2016...dollar ~78% of the time over the following 12 months [with average gains of ~5.7%]…which would put the DXY...index just shy of 111…” The DXY went on to gain another +10% through late September (peaking at 114)...

The project’s ecosystem begins with Blank Page NFTs....Each Art Gobbler produces GOO tokens, which can be used to mint Blank Page NFTs and summon more Art Gobblers...Ive been talking about this for a while – I know personally every major big Web 2 platform has a Web 3...

The size and pace of the move has pushed the 14-month RSI on the DXY to its highest level since Q1 2015...Previous occurrences saw BTC substantially higher in the 3-6 months post-event....Over the last 3 months, the BTC volume distribution can be visualized with the volume profile on the...

As BTC struggles to keep its head above $40K, the US Dollar Index (DXY) just broke 100 for the first...The EUR and JPY make up ~70% of the DXY Index....The DXY is up ~12% since May, marking its best stretch since its run up in late 2014 – early 2015....The dollar’s latest rally pushed the DXY’s 14-week RSI above 70 after seeing positive gains in 10 of...

Solana secures the top 3 spots with a 6% volume share this month....will need to verify their Twitter/Discord to earn a follow from the official DeGods and Y00ts Twitter page...Allow List Tier 3: Begin 1 hour after Allow List Tier 1/2....incorporates thousands of generative AI visuals and text prompts extracted from the most visited Wikipedia pages...

Join the Macro & Markets team this Thursday (3/14) from 11am ET – 12PM ET for the next Markets Monthly...