With the Bitcoin halving top of mind this week, our markets team issued a brief note to update their views on the short and longer-term outlook for BTC. The Delphi Research team has done a ton of w...

Supra is building the IntraLayer, a vertically integrated blockchain stack that includes a Layer 1, Oracles, Bridges, VRF, and a Virtual Machine. With emerging rollapps and appchains, liquidity is...

Intro The stablecoin duopoly is being challenged. After rapidly scaling supply from zero to over $2.2B in less than a […]...

Join the Research team for the third edition of the Office Hours call of 2024! As always, these webinars will […]...

Sports and gambling are two of the largest entertainment industries in the world and worth hundreds of billions of dollars. Sorare and DrafKing and their nine digit NFT collection volume speak to the...

Hey Delphi Community,  Join the Macro & Markets team this Wednesday (4/17) from 11am ET – 12PM ET for the […]...

One of our highest conviction theses at the start of the year was that — given a more supportive liquidity […]...

We explored how based rollups, preconfirmations, and shared sequencing can help to fix Ethereum's liquidity fragmentation...

We explored how based rollups, preconfirmations, and shared sequencing can help to fix Ethereum's liquidity fragmentation...

A Change of Seasons In crypto, nothing is older than our habit of calling everything new. — Mark Twain Despite […]...

“Oracle-less primitives” are aiming to revive foundational tenets such as decentralization, trustlessness and composability ensuring that they are not optional luxuries, but rather prerequisites for a...

Join the Research team for the second edition of the Office Hours call of 2024! As always, these webinars will […]...

Join the Macro & Markets team this Thursday (3/14) from 11am ET – 12PM ET for the next Markets Monthly […]...

While only accounting for 9% of all mobile games in 2020, IP games generated 17% of all downloads and more revenue relative to non-IP games. Almost all of the top 10 global IPs have expanded into gami...

“All the mixings needed to make a delicious cocktail for crypto markets are coming together, and things are really starting […]...

Introduction Bitcoin is having its moment in the sun. Once considered a boring asset within the crypto space, it is […]...

With the most recent Coinbase quarterly/annual numbers, this market memo aims to provide a short follow-up to our deep dive […]...

Crypto x AI is the hot new thing. Almost overnight, talk of d/acc and AI agents diffused across the timeline. […]...

Join the Research team this for the first edition of the Office Hours call of 2024! As always, these webinars […]...

Chapter 1: What are Ordinals & BRC-20s? 1. Introduction 2023 went down as one of the most transformative years in […]...