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Roberto Talamas Profile picture
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23 Apr, 6 tweets, 2 min read
Since the last market cycle, CEX crypto derivative volumes have seen immense growth.

At its peak, BTC derivatives reached trading volumes of $84 billion, an increase of 922% from June 2020.

Can the same be said about decentralized derivatives?

👇🏻
The derivatives section of our piece investigates the rise of decentralized perpetual and synthetic protocols during Q1 2021.

messari.io/article/q1-202…
Volumes in decentralized exchanges are beginning to rival their centralized counterparts.

Unfortunately, the same cannot be said about derivates.

Ethereum’s exorbitant fees have hampered the growth of derivatives trading.

However, the promise of Ethereum’s scaling solutions may prove to be the catalyst needed to make on-chain derivatives trading efficient and scalable.

h/t @asiahodl
The race to launch Layer 2 solutions began last quarter.

Unsurprisingly, derivative protocols that have deployed solutions are beginning to see early signs of success.

Dive into the full report to get a thorough recap of the important events shaping the landscape of derivative protocols.

messari.io/article/q1-202…

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More from @RobertoTalamas

Roberto Talamas Profile picture
23 Apr
Q1 2021 marked the beginning of the long-awaited ecosystem wars.

In this week's recap, we dive into the weekly performance of the most popular protocols across different Layer-1s. Image
Ethereum

Assets with longevity on their side showed the highest resilience during the week. As of April 22nd, $MKR and $COMP were the only two assets in the Ethereum ecosystem with positive weekly returns. Image
Cosmos

All assets in the Cosmos ecosystem suffered last week. $ATOM, the chain's native token, had the worst performance ending the week with a -27% return. Image
Read 7 tweets
Roberto Talamas Profile picture
22 Apr
In Q1 2021 lending protocols saw an explosion in growth as DeFi continues to gain widespread adoption.

During the quarter lending deposits through all the major lending protocols surpassed $25 billion, a 2.8x increase from the end of Q4.

1/
Q1 DeFi Review: Lending, Derivatives, Insurance, and more.

messari.io/article/q1-202…
Unsurprisingly, as lending deposits increased the number of outstanding loans also went parabolic.

In Q1 approximately $10 billion was borrowed across the top lending platforms.
Read 6 tweets
Roberto Talamas Profile picture
16 Apr
Weekly Performance Recap as of April 15th

Data: @MessariCrypto

Centralized and decentralized exchanges were the top-performing sectors during the week fueled by the excitement of the Coinbase IPO.
Top Assets by Market Capitalization

$DOGE and $XRP were the clear outperformers of the group with weekly returns of 114% and 88% respectively.
Sector Drill Down - DeFi

DeFi was the third best performing sector of the week with an aggregate return of 22.4%. Among DeFi assets, THORChain's native token $RUNE led the way, returning 54% on the week.
Read 9 tweets
Roberto Talamas Profile picture
9 Apr
Q1 2021 was a historic quarter for the industry.

Asset prices across all sectors reached new all-time highs as that bull market continues with full force.

Here is a recap of what happened 👇🏻
In this piece, the @MessariCrypto research team and I dive into the performance of the overall market and drill down on some of the top-performing assets in each sector according to our taxonomy.

messari.io/article/q1-per…
The top assets by market capitalization were dominated by $BNB. The token's run was fueled by the rise of Binance Smart Chain as a low-cost alternative to Ethreum.

Further aiding $BNB's run was the exchange's accelerating volumes and earnings fueled by white hot crypto markets.
Read 9 tweets
Roberto Talamas Profile picture
11 Mar
Constant Function Market Makers (CFMMs) are the most popular family of AMMs.

Under the hood, this kind of AMM is powered by a mathematical function that works as the main exchange mechanism.

Since 2017 this function has evolved, sparking new innovations in the DEX space.

1/
In this piece, we explore the evolution of the engine behind the most popular decentralized exchanges.

messari.io/article/the-ev…[…]=robertotalamas&utm_medium=leadthread&utm_campaign=AMMevolution
Uniswap was the first decentralized exchange to popularize the use of a constant function. The easy-to-grasp constant product function set the stage for several innovations in the space.
Read 6 tweets
Roberto Talamas Profile picture
25 Nov 20
1/ The DeFi Pulse Index (DPI) now has over $35M in assets showing increased demand for crypto indexes

While DPI is a good investment for beginners, it may not provide the diversification that sophisticated investors demand, leaving them overexposed to individual DeFi assets

👇
2/ Index funds are by far the most traded instruments in traditional finance. They provide diversification, broad market exposure, have lower fees, and seek to match the return of the market (or asset class) creating the perfect investment vehicle for new investors
3/ Despite these attributes, index funds can become highly concentrated depending on their construction methodology reducing the diversification benefits of the product. This applies in particular to capitalization-weighted indexes like the S&P 500 and the DeFi Pulse Index
Read 6 tweets

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