Emerging markets or crypto native or like native tech users in the States or Asia is still a very tough...Um, but like more broadly in terms of the global emerging market focus, like maybe you could just talk...A very big part of sort of doing a business and any emerging markets or having infrastructure set up...

...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.

Principal-protected vaults are an emerging niche of DeFi structured products that attempt to provide...Theoretically, the potential for composability and the inability of this immature market to efficiently...The vault relies on centralized market makers for yield and assumes credit risk.

Having been around since 2018, it’s no new kid on the block, born in the bear market just like Axie Infinity...When considering total capitalization, AXS is the clear market leader and is still yielding 89% on its...Both DEC and SPS have seen substantial drawdowns since the Oct. 2021 highs alongside the rest of the market...

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.

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.

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.

While crypto’s proclivity to create inefficiencies is ironic, it is encouraging how quickly solutions emerge...Food delivery companies like DoorDash, Grubhub, and Uber Eats emerged with similar models – they pay...undermine the inefficiencies outlined earlier, but is an example of an alternate approach that could emerge...

This year, a narrative has emerged that “ETH pumps are bearish.”...When everyone believes the market is PvP, then the market indeed is PvP....Decrypt From the ashes, a faint glow emerged in 2023 — the Phoenix began its slow and painful rebirth...Solana emerged from the ashes stronger and more powerful than ever....environment means for crypto 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?

...important and timely developments in the crypto market....Market Structure Musings While markets were certainly experiencing some excruciating pains last week,...This is very much like the market: the bigger the liquidation event, the longer it will take markets...We’ve explored how all major and emerging L1s manage these issues.

On January 13, 2018, ETH reached an all time high of $1,432 according to data from Messari. Almost three years later to the day, ETH briefly surpassed this previous peak, hitting $1,440 on Coinbase ea...

...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.

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.

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.

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?

...institutional adoption is likely to be gradual, mirroring the cautious approach historically taken in new and emerging...But over time, competition arrives and the market fragments.As technologies mature, new winners emerge...And in 2024, we expect Solana’s emergence as a near-peer to Ethereum to be visible in higher-level data...

Without further ado, let’s dive in and do our best to read the market’s tea leaves....These developments have taken form through policy shifts in both domestic and foreign markets....Over the last several weeks, crypto markets feel as though they have turned a corner.

That’s why headlines about large prime brokers and lenders (like Genesis) needing emergency funding are...potential for major currency depreciation and debt issues becomes increasingly high — with cracks already emerging...markets....Like all emerging tech plays, this one doesn’t come without its own share of risks.