Monthly Chartbook - The End of The Summer Doldrums

SEP 09, 2022 • 24 Min Read

Jason Pagoulatos + 7 others

DISCLOSURES: THE AUTHORS OF THIS REPORT MAY HOLD MATERIAL OPEN POSITIONS IN TOKENS REFERENCED IN THIS REPORT INCLUDING BTC, ETH, OP, GMX, DPX, rDPX, TCR, PREMIA, MAGIC, MCB, SPA, CAP, JONES, VSTA, DOGE, SHIB, BONE, MANA, SAND, JEWEL, RAIDERS, ILV, RBW, SPS, AXS, CRA. THE AUTHOR & EDITOR HAVE NOT PURCHASED OR SOLD ANY TOKEN FOR WHICH THEY HAVE MATERIAL NON-PUBLIC INFORMATION DURING THE RESEARCH AND DRAFTING OF THIS REPORT. DELPHI VENTURES MAY HOLD TOKENS MENTIONED IN THIS REPORT. THESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE OR SELL ANY TOKEN, OR TO USE ANY PROTOCOL. THE CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE INVESTMENT DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets. This month’s edition focuses on:

Macro Outlook
Crypto Market Review: Market Structure & On Chain Observations
L1s, L2s, & DeFi Analysis
NFTs & Gaming Sector Breakdown

Macro Outlook

Keeping with the theme of previous iterations of The Chartbook, we ask ourselves the same high level question. Has anything changed on the macro front given that we are in what we’ve described as a macro driven bear market? This month, the answer is… kind of?

At the end of August, Jerome Powell gave his annual speech in Jackson Hole in lieu of the more traditional FOMC meetings (the next is slated for September 27/28). The speech was short and sweet, just over 8 minutes long. The more interesting thing to note is that Powell spent the entirety revisiting one ke

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