Reports & Releases
Elevate your research journey with our in-depth, actionable crypto research reports and releases. From blockchain analysis to market deep dives, Delphi provides the insights you need to navigate digital assets with clarity.
168 Results
Perpetual Futures
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 failed to exploit.
Derivatives
Voltz, IPOR, and the Next Wave of Interest Rate Derivatives•
Interest rate derivatives are perhaps the most underdeveloped and underexplored area in all of crypto. Interest rate projects have struggled mightily to attract liquidity, and seemed forgotten about towards the end of 2022.
Derivatives
Level Finance's Success and SustainabilityBy
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Level Finance is an oracle-based margin and spot trading decentralized exchange (DEX) that emerged following the success of GMX. Its growth has been remarkable since launching in 2023, achieving volumes that rival its largest competitor (GMX).
Perpetual Futures
Check the Chain - GMX vs SNX•
As the CEX landscape continues to be uncertain for traders, the importance of decentralized exchanges (DEXs) cannot be overstated. In this exclusive episode, Jordan delves into the world of decentralized perpetual exchanges, providing an in-depth analysis of GMX, Synthetix, dYdX, and Gains Network. Discover each platform's unique features, tokenomics, and growth potential as we dissect the opportunities and challenges these DEXs face.
Derivatives
Analyzing Leverage Ratios and Altcoin Price Movements•
Leverage is a double-edged sword, and is frequently misunderstood in the realm of crypto trading. While it can act as a profit multiplier for disciplined traders, it simultaneously serves as the harbinger of liquidation emails for those who do not respect it.
Derivatives
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, until recently.
AMM
Are Infinity Pools the Next Big Speculation Primitive?•
Implementing leverage in crypto is not easy. Many current platforms use middle-term solutions or large off-chain components. Crypto leverage trading therefore lacks the composability and permissionless nature of other DeFi products. Infinity Pools is an upcoming leverage trading DEX that offers unlimited leverage on any asset pair, with no liquidations, no oracles, and no counterparty risk.
Perpetual Futures
Gains Network Gains Ground•
Arbitrum’s DeFi ecosystem is starting to look strong. Arbitrum-native projects such as GMX have outperformed during the bear cycle and rekindled the spirit of experimentation and composability. Arbitrum is now luring established projects on other chains to develop a presence there.
Options
Ribbon Expands to Options DEX With AevoBy
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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 achieved scale in a meaningful way.
Options
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 predecessors and evaluate its potential as a killer app.
Perpetual Futures
Rage Trade Attracts Users but Fails to Gain Volume Share•
🌅 Welcome! The U.S. Department of Justice is seizing Sam-Bankman Fried’s Robinhood shares. Elsewhere, Genesis tells clients that it needs […]
NFTs
Monthly Chartbook - Uncertainty Reigns Supreme Post-FTX Collapse•
Has anything changed on the macro front given the macro-driven bear market? This month, the answer is…we’re getting closer.