In Part 1 of this report series, we discussed what MEV is and why it exists, in addition to analyzing […]...

DAI Redeems Itself DAI and MakerDAO have gotten a lot of backlash in the past few months for having 60% […]...

Third Time’s the Charm? ETH/BTC is testing the upper trend line for the third time in the past year. ETH/BTC […]...

An Unlikely Winner When it rains in crypto, it pours. And while BTC holding up well isn’t a surprise, seeing […]...

The Power of Free Governance Tokens ENS registrations this month did laps over average monthly registrations since 2019. Whether this […]...

Below is the second part of Delphi’s October Chartbook focused on important macro developments our team is tracking. The Forest […]...

In this edition of the Delphi Chartbook, we look at the state of crypto market structure, on-chain activity, and important […]...

ETH’s Structural Megatrend Since August 2020, ETH % supply on exchanges has been trending down from ~27% to ~12% as […]...

Who Let the Dogs Out? Most of the crypto market was sidelined by liquidations, while dog coin connoisseurs showed up […]...

Market Pullback Hits Top Performers The last 24 hours have been a whirlwind for crypto markets with base layer tokens […]...

GBTC Slowly Recovers From BITO Launch The discount on Grayscale’s flagship Bitcoin-based product (GBTC) dropped to ~20% on October 18th […]...

With Great Leverage Comes Great Responsibility Earlier today, ETH did what we’ve all been waiting for: it pushed towards its […]...

Primer The ProShares Bitcoin ETF launched yesterday, attracting over $500M in capital on day one. However, the ETF isn’t simply […]...

We recently hosted our live, bi-weekly analyst call on October 15th, where we discussed our outlook for Crypto Markets, our recent Research and Open Questions from our Institutional members....

Bitcoin is leading the crypto market higher, breaking out of a multi-month consolidation as it looks to retest its highest […]...

The concept of Maximal Extractable Value (MEV) has been thrust into the spotlight over the past few years, particularly as […]...

Trader Joe has taken the Avalanche ecosystem by storm, becoming the dominant DEX on the network in only 2 months. […]...

Market Update After yesterday’s rally, BTC is having a breather as L1s take center stage again. Apart from L1s, DeFi […]...

Market Update Today was starting to look despondent, with BTC seeming to have rejected a key trend line, and other […]...

Market Update The broader crypto market is seeing a slight pullback after the weekend run-up, seemingly weighed down by traditional […]...