Reports271 results
The Future of On-Chain Liquidity
Introduction Despite the adoption of Automated Market Makers (AMMs) in the DeFi space, numerous problems persist. Liquidity providers(LPs) enter the […]...
31 Min
Spot Exchange
Sep 2023
DYDX Valuation Analysis & DEX Perps Comparison
Self-custody and censorship resistance are seldom the deciding factors for the average user selecting a crypto exchange. The collapse of FTX created a window of opportunity that DEXs have thus far fai...
40 Min
Derivatives
Jul 2023
Show Me The Money
Show Me The Money New types of narratives are emerging in a maturing industry. These narratives share a common denominator, […]...
7 Min
DeFi
Jul 2023
DeFi Summer
DeFi Summer Four years ago, DeFi “Blue-Chips” such as lending protocol AAVE and derivatives protocol Synthetix put in their all-time […]...
11 Min
DeFi
Jun 2023
Lido's Game Theory
Liquid Staking Derivatives (LSDs) enable users to swap ETH in return for a derivative token that represents staked ETH. LSDs let users bypass the frictions of staking ETH: (i) the technical know-how o...
5 Min
DeFi
May 2023
Uniswap's Fee Switch
Uniswap has a cumulative total of ~$1T volume, often competing with CEXs like Coinbase for volume on major pairs. Uniswap views CEXs as its primary competitor rather than other DEXs. The Uniswap commu...
11 Min
DeFi
Apr 2023
Market Note: DeFi's Resurgence?
Price action following the COVID crash saw DeFi outperform pretty much every asset. Since then, DeFi has generally not shown any meaningful strength against the rest of the crypto market. That is, unt...
11 Min
Macro & Markets
Mar 2023
Monthly Chartbook - Wishful Thinking
Investors are people, and they, too, underestimate the likelihood (and duration) of bad things happening. So far, 2023 is shaping up to be a case study in this kind of wishful thinking....
19 Min
NFTs
Mar 2023
The Great Reset: Navigating Crypto in 2023
We titled this year’s report The Great Reset because we believe that’s what 2022 represented for crypto – a great reset in prices, expectations, and speculative interest all across the industry. Every...
DeFi
Jan 2023
Do Fundamentals Matter in Crypto Markets?
Introduction There are a number of crypto projects that generate revenue and simultaneously reward their users and token holders. Sometimes […]...
17 Min
DeFi
Sep 2022
Undervalued & Under Pressure
Chart of The Week – Risk On, Risk Off Sentiment in crypto ebbs and flows like a tide rolling in […]...
10 Min
Perpetual Futures
Apr 2022
Frax Wants BTC, and Squads Hits a Milestone
Active Votes Aavegotchi is voting on two proposals. Lending Limit: This proposal would limit Gotchi lending to a single Gotchi. […]...
9 Min
DeFi
Apr 2022
Delphi Office Hours Call (April 13th, 2022)
We recently hosted our Delphi Office Hours call on April 13th....
16 Min
DeFi
Apr 2022
L2s Lead Gas Surge, LendFlare Yields, & Maple's Loan Growth
Chart of The Day: Gas Spend Surges in March on L2 Activity Layer-2 rollups post all their transactional data to […]...
5 Min
DeFi
Apr 2022
ENS Revamps, & DAO Disruptors
ENS Considers Revamping Their DAO, and JPEG’d Buys CVX [Excerpt from our Apr. 4 DAO Insights] Active Votes Anchor Protocol […]...
6 Min
DeFi
Apr 2022
Funding Frenzy, BTC Breakout, & AAVE-BAL Collab
Chart of The Day: More Funding Even in Market Uncertainty Crypto VC funds are hungry for deals even in the […]...
6 Min
DeFi
Mar 2022
Flash Update - Bitcoin Breakout Sparks New Hope
Breakout Watch The crypto market is back in the limelight as Bitcoin’s price jumped to its highest level of 2022, […]...
10 Min
DeFi
Mar 2022
Stablecoin Growth, MakerDAO Budgeting, & Intro to MetaMundo
Chart of The Day: 20B added to Stablecoin Stash The supply of the top 5 stablecoins has grown by $20B […]...
5 Min
DeFi
Mar 2022
Frax Controls Its Stack
On February 1st, 2023, we released Frax Finance: Examining The Protocol’s Holy Trinity of De-Fi, offering updated insights on some […]...
12 Min
Stablecoins
Mar 2022
Delphi Office Hours Call (March 2nd, 2022)
We recently hosted our Delphi Office Hours call on March 2nd....
1 Min
Gaming
Mar 2022