...addressing the market’s insatiable appetite for yield....Presently, Tether and Circle maintain a stranglehold over the stablecoin market with a combined 90% market...get deeply embedded in the fabric of both DeFi and CeFi have resulted in high barriers to entry for emerging...its market cap.

Theoretically, the potential for composability and the inability of this immature market to efficiently...The Vovo vaults are best suited for expressing short-medium term, low-conviction views on the market....Vault funds are lent to market makers (Wintermute and Folkvang Trading) at 9.75% APR over 28-day epochs...

Welcome back to Market Musings, our weekly memo covering timely market happenings....market environment....the broad crypto market)....the crypto market....Market prices react when something causes a change in market expectations....The central theme of last week’s Musings was the catalyst driven nature of the current market environment...

Everyone cheered and markets rallied....Where does that leave markets today?...In our Market Musings from August 6th, we cautioned that markets we’re not likely out of the woods just...in crypto markets to continue...., creators keep adapting to current metas, and new narratives emerge....turned into a tale of two markets.

Apps like Pendle have found product market fit by allowing users to speculate on the points market....There is no marketing budget; restaurants market to nearby restaurants and grow the business through...Market Research Market research, and more broadly advertising, is one of the biggest industries in existence...

markets....The market structure shift we discussed in the previous editions of Market Musings has solidified with...So far for the last year, the market has been very clear....Last cycle we had stables grow from $5-$10bn market cap to nearly $200bn market cap at peak.

Having been around since 2018, it’s no new kid on the block, born in the bear market just like Axie Infinity...We also take a deep dive into Splinterlands by highlighting its recent growth in active users, marketplace...When considering total capitalization, AXS is the clear market leader and is still yielding 89% on its...

DELPHI CONSULTING State of Token Markets Fixing the Issues Plaguing Token Issuance and Token Markets...With Performance II What Broke Token Markets The TRUMP Effect on Memecoin Markets IV The Way Forward...Memecoin markets must reclaim authenticity Tokens considered a junior investment class The market...Design Better token Markets.

...changes and emerging trends....The digital asset secondary market is increasingly resembling the robust secondary markets in traditional...finance markets....’s digital asset secondary market has been the emergence of distinct buyer archetypes....Market Consolidation and Access Private markets have a distribution saturation problem.

The core problem is that illiquid markets = inefficient markets....the market....One emergent behavior on Polymarket is the comments section has become its own form of SocialFi....Prediction markets do something similar for markets....Decision markets are essentially parallel markets for governance tokens.

...important and timely developments in the crypto market....It’s not been the bull market many had hoped for....Market Structure Musings While markets were certainly experiencing some excruciating pains last week,...This is very much like the market. Most of the time.

Stresses in Japanese funding markets are emerging as the BOJ tries to shift away from years of loose...moreso resembles a stock pickers market rather than a passive allocation market....Markets = f(Supply, Demand) All markets are a function of supply and demand....The pressure is sharpest in emerging markets.

Market Structure Musings – Will History Rhyme?...When we look into the market structure landscape, historical seasonality exhibited by these markets,...BTC Rally Breathes New Life Into Broad Crypto Market Two weeks ago in our July 15th edition of Market...It looks like we’re finally emerging out of our first bull market pullback.

Ostium: The Gateway to Global Markets Traditional Markets ✓ Deep liquidity ✓ Commodities, FX, Equities...Ostium: The Gateway to Global Markets Delphi Consulting | 06 Market Structure is the Core Bottleneck...-23% size of wicks on PAXG perps while spot gold flat Market Hours After traditional markets close...Market signal is clear.

There’s 3x more money held in US money market funds compared to BTC’s market cap....This year, a narrative has emerged that “ETH pumps are bearish.”...When everyone believes the market is PvP, then the market indeed is PvP....Token supply can come from both from private markets and public market places....for markets.

...important and timely crypto market happenings....BTC Market Structure — Market Structure Shift Solidified When looking at BTC price action on the higher...For more information about low/high volume nodes, market structure, and auction market theory, check...What are prediction markets? What are the different types of prediction markets?

...that any further turbulence in global markets will likely flow through into crypto markets as well....Rate cut sentiment peaked on August 5th amid the chaos of the market selloff, when markets were pricing...At some point, the perp market becomes more important than the spot market....important and timely developments in the crypto market.

Much of the last week in markets can be attributed to a few factors completely external to crypto markets...Nothing has fundamentally changed within crypto markets aside from a complete reset in market structure...With markets chopping and calls for a bear markets rising, it’s time for a macro deep dive....Do Prediction Markets Work?

...important and timely developments in the crypto market....But the inflation and labor market data show an evolving situation....Stablecoin market cap was ~$5 billion at the time....Delphi’s Market Matters (Delphi Research) The crypto markets are teetering on a knife’s edge.

Hey Delphi Community, Join the Macro & Markets team this Wednesday (7/17) from 11am ET – 12PM ET...for the next Market Matters!...Crypto markets have been in a rough spot over the last month, with BTC breaking through multi month range...With markets chopping and calls for a bear markets rising, it’s time to dig in.