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15 Jul, 9 tweets, 4 min read
0/ In Today’s Delphi Digital, $AXS Shorts In The $SAND, #Ethereum’s Asymmetric Gas Trends.

For the full analysis, check out the report 👇

delphidigital.io/reports/axs-sh…
1/ Quick Market Update-

🔹 $BTC and $ETH are heading back into the range low as sellers chose violence in every session today.

🔹Crypto sweethearts $AXS and $SAND had another monster day, but have retraced a decent chunk of their moves since.
2/ AXS has been the star of the crypto market and pushed the entire category of NFT gaming tokens forward. $FLOW, $SAND, $CHZ, and $ENJ, all gaming tokens, are up double digits this week.

Despite the hype, shorts have been piling up on SAND and AXS perps across exchanges.
3/ #Ethereum is the most popular smart contract network by various metrics: usage, trading volume, developer mind share, etc. And for a brief few hours today, @AxieInfinity’s 7 day revenues eclipsed the leading smart contract chain’s.
4/ It seems like sentiment on $ETH directly influences the price of gas. While not too surprising, given the vast majority of DeFi usage is powered by speculation, it’s interesting that gas doesn’t rise much as ETH falls (and people sell), but it does when ETH price rises.
5/ Tweets of the day!

@TokenReactor announces token details; launches public Discord server.

6/ DeFi is eating CeFi.

7/ Delphi’s @JonathanErlichL breaks down the staking market and its potential.

8/ Subscribe below to get access to all of our reports!

delphidigital.io/subscription-p…

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More from @Delphi_Digital

Delphi Digital Profile picture
14 Jul
0/ In Today’s Delphi Daily, Bitcoin Rundown: Market Indecision, Legacy Correlations, And a Lightning Boost.

Check out the full #bitcoin analysis 👇

delphidigital.io/reports/bitcoi…
1/ Quick Market Update-

🔹Crypto assets did not take well to yesterday’s inflation data.

🔹After a trip towards the range low, $BTC and $ETH are finally finding a semblance of strength.

🔹Other crypto assets have continued to take a beating into today’s session.
2/ Bitcoin is often touted as an uncorrelated asset relative to conventional asset classes like equities, bonds, etc. Over the long-term, this holds true, but in the short-to-medium term, correlations tend to fluctuate depending on market conditions and general risk appetite.
Read 12 tweets
Delphi Digital Profile picture
13 Jul
0/ In Today’s Delphi Daily, Speculators vs. Hodlers, @opensea Dominance, @Uniswap LP Returns.

Check out the full analysis in the free report below

delphidigital.io/reports/specul…
1/ Market Update-

🔹We’re starting to see an interesting pattern: prices increase during the Asia session,lower during the London session, and New York wakes up to buy the dip.

🔹Altcoins have had a pretty rough day so far, with the exception of $AXS which just keeps moving.
2/ The amount of $BTC with short-term holders is in decline while the picture of longer-term holders is the opposite.

Since the start of the year, the number of BTC held by long-term holders is up by 5.3% while the number of BTC with shorter-term investors has reduced by 9.1%. Image
Read 6 tweets
Delphi Digital Profile picture
13 Jul
Delphi Ventures is proud to announce our investment in @Superfluid_HQ

At its core, @FrancescoRenziA and team are building a powerful new primitive responsible for the next evolution of value flow
We currently live in a digital economy dominated by online services yet we are still tied to recurring monthly transactions.

Payments should be liquid, and Superfluid makes that possible by allowing users (& protocols) to program value flow with specific conditions per stream.
“When you do micropayments over milliseconds the term cash flow takes on a whole different meaning. imagine doing accounting in business in real-time based on flows of money coming in and out. we have not even scratched the surface”
— @aantonop

Read 6 tweets
Delphi Digital Profile picture
12 Jul
0/ In Today’s Delphi Daily, Bitcoin Futures, DeFi Hopium, and the NFT Resurgence.

For the full analysis, check our the report below!

delphidigital.io/reports/bitcoi…
1/ Quick Market Update-

🔹 $BTC opened fairly strong but quickly wiped out those gains, and the weekend’s, in a few hours.

🔹Crypto assets like $SNX, $AXS, and $LUNA enjoyed a strong weekend. It looks like capital flows into crypto are beginning to pick up again.
2/ Annualized basis on @DeribitExchange’s one month BTC futures turned negative last week, but they quickly shot back up over 7%.
The further away a contract is from expiry, the more expensive it’s likely to be. That’s why the 1 month flippening the 3 month is a notable situation Image
Read 10 tweets
Delphi Digital Profile picture
6 Jul
0/ In today’s DeFi Roaring, @AxieInfinity Soaring, and NFTs No Longer Boring.

Dive into the full report below! 👇

delphidigital.io/reports/defi-r…
1/ Market Update-

🔹Opened the day strong with a rare bullish session coming out of Asia. But that momentum was slowed during the London session.

🔹 $BTC is currently in the process of printing a bearish looking pinbar candle on the daily.
2/ Since hitting lows on June 24, DeFi tokens are enjoying a strong bounce. $COMP, $ALPHA, $SNX, and $AAVE lead the way.

Assets colored in gray in the chart under-performed FTX’s DeFi index.

The next couple of weeks will be telling for DeFi, and the crypto market in general.
Read 10 tweets
Delphi Digital Profile picture
1 Jul
↓ Some weekend reading from your friends over at Delphi 🤝
With the recent launch of @ConvexFinance, more and more $CRV is being locked up in governance.

How long until there’s no more CRV available to lock up? Delphi Associate @Paul_Burlage dives in:
delphidigital.io/reports/when-c…
After much anticipation, EIP-1559 is set to go live next month.

In this post, @Alex_Ged attempts to answer the question on everyone’s mind - will it turn ETH net deflationary and, if so, when?
delphidigital.io/reports/eip-15…
Read 7 tweets

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