Reports1424 results
Monthly Chartbook - Another Year, Another Rally
After a miserable 2022 for risk assets, 2023 opened on the opposite foot. Risk assets rose considerably across the board, in large part due to recent increases in global liquidity driven by China’s PB...
15 Min
Macro & Markets
Feb 2023
Exploring Land-Based Web3 Gameplay
Blockchain-based virtual land projects garnered industry-wide attention in late 2021/early 2022. The average price per NFT plot of land hit $18k in January 2022 and total secondary trading volume reac...
30 Min
Gaming
Feb 2023
Deep Dive Into the Solana NFT Ecosystem (I): Marketplaces and Key Metrics
The explosion of interest in NFTs these past 2 years has led to a proliferation of blockchain platforms vying to become the go-to destination for NFT creation, issuance, and trading. Solana, with its...
23 Min
NFTs
Feb 2023
Ribbon Expands to Options DEX With Aevo
DeFi options have failed to take off. While we can point to the success of dYdX as a blueprint for perpetuals, or GMX for synthetic margin trading, there is no single DeFi options venue that has achie...
11 Min
Options
Feb 2023
Dookey Dash by Yuga Labs
🔍 Dookey Dash by Yuga Labs The newest release from the house of Yuga is a skill-based, endless runner game […]...
7 Min
Games
Feb 2023
January Gaming Roundup
In stark contrast to last month’s Web3 Gaming Roundup, January 2023 set the stage for what could potentially be a great Q1 for the sector. Many of the top gaming tokens have seen triple-digit growth o...
20 Min
Gaming
Feb 2023
Markets Setup for Rollercoaster Ride in 2023
Recent increases in global liquidity have been a driving factor in this year's market rally. There is evidence supporting potential trend continuation in the coming weeks, as there are still multiple...
9 Min
Global Macro Themes
Feb 2023
Following the Market's Footprints: Order Flow Explained
When playing a new game, the first thing people usually do is learn the rules and game mechanics. Sometimes there are very few rules and the mechanics are simple. Other times, the game is more dynamic...
28 Min
Financial Market Themes
Feb 2023
Frax Finance: Examining The Protocol’s Holy Trinity of De-Fi
Frax Finance is a household name for seasoned DeFi users. In the last year, they’ve launched Fraxlend and Fraxswap alongside several other products. This post will look at Frax’s newer product launche...
11 Min
Algorithmic Stablecoins
Feb 2023
The Memes by 6529
🔍 The Memes by 6529 Memes are more than just images overlaid with text that make people laugh. Memes have […]...
7 Min
Art
Jan 2023
Aave: A Review Of The Fundamentals
In our Year Ahead report for DeFi, we examined the thesis for so-called DeFi blue chips and their ability to bounce back from a tough year. Aave is one of those projects, and one that virtually everyo...
14 Min
Lending / Borrowing
Jan 2023
The Wallet Wars
In our Year Ahead report, we mentioned access control/wallets as a major theme. This report will expand on the topic and look at the full picture from the perspective of wallet strategies, roadmaps, r...
41 Min
Infrastructure
Jan 2023
The ETH Liquid Staking Derivative Wars
🔍 The ETH Liquid Staking Derivative Wars To stake ETH, users have to run validator nodes on Ethereum, which comes […]...
7 Min
Layer 2 / L2
Jan 2023
Market Note: SOL Surges and Stalls
Many had written off Solana as yet another hyped L1 narrative play from this cycle. However, the most recent rally has left many market participants sidelined and speechless. The “up only” regime on a...
10 Min
Macro & Markets
Jan 2023
The Great Reset: Your 2023 Guide To Web3 Games
Executive Summary Web3 gaming – an ever-changing term simply defined as video games with varying levels of embedded blockchain-based mechanics […]...
Games
Jan 2023
Heads or Thales: Exploring the Potential of Positional Parimutuel Markets
Thales is leveraging the power of parimutuel markets to build easy-to-understand derivatives, prediction markets, and sports betting. This report will analyze what makes Thales unique from its predece...
26 Min
Options
Jan 2023
Market Note: LTC Shows Relative Strength Amid Market Chaos
Before the first murmurs of an “echo bubble” could be heard, LTC began its move higher while the broader market struggled to maintain its footing. Seemingly nothing was immune to the FTX implosion and...
9 Min
Macro & Markets
Jan 2023
Delphi Office Hours Call (January 19th, 2023)
Join this week's call with our research analysts to discuss crypto developer data, the echo bubble thesis, X2Y2's NFT lending growth, liquid staking derivatives, and more....
1 Min
Macro & Markets
Jan 2023
From 1 to 100: What the Future Holds for DEXs
The issues that plagued centralized exchanges (CEX) in their infancy have still not been eradicated. In the grand scheme of things, we’ve made some vast improvements to CEX performance. Some are bette...
9 Min
AMM
Jan 2023
The L2 Wars
🌇 Sunsetting The Delphi Daily During periods of lower activity, it becomes more important to focus on the broader […]...
7 Min
Layer 2 / L2
Jan 2023