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1 Dec, 10 tweets, 4 min read
0/ ETH/BTC has shown strength, but can it break out from here?

In today’s Delphi Daily, we analyzed ETH/BTC testing trendlines, open interest, market sentiment, and @loopringorg’s L2 growth.

For a deeper dive 🧵👇
1/ ETH/BTC is testing the upper trend line for the third time in the past year.

ETH/BTC has shown considerable strength as of late, having mostly stayed around the upper bound of its established range.

$ETH generally outperforms $BTC when market sentiment is positive.
2/ Crypto markets have been ravaged by fear in the past month, but futures traders seem to be unfazed by it.

With BTC retracing the past week, the Fear & Greed Index nearly hit a state of extreme fear. However, after a little dip, OI bounced back hard within a few days.
3/ Proof-Of-Attendance Protocol (@poapxyz) is a way for event attendees to verify their attendance through a collection of digital badges on Ethereum and the xDAI sidechain.

Over the past 3 months, wallets containing POAPs grew exponentially from ~200K to nearly 600K.
4/ @Loopringorg is a ZK-rollup, purpose-built for AMM swaps and orderbook trades.

Trades on Loopring are gas-free, which helped the L2 gain traction and surpass $3B in cumulative volume recently.
5/ Tweets of the day!

Proposal to incentivize UST liquidity on Curve

6/ Tornado Cash goes to Arbitrum

7/ Must-reads in crypto gaming from Delphi’s Ryan Foo.

8/ For the full report that inspired today’s thread 👇👇

members.delphidigital.io/reports/eth-bt…
9/ Join the channel below to get all Delphi updates as soon as they are released!

t.me/DelphiDigitalA…

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More from @Delphi_Digital

Delphi Digital Profile picture
2 Dec
At Delphi, we’ve spent a lot of time working on token launch mechanisms

Today, we’re excited to release a model we believe is best in class when optimizing for a mix of:

🔹Distribution
🔹Price discovery
🔹Sufficient float
🔹Liquidity
🔹Decentralization

members.delphidigital.io/reports/introd…
1/ It's a beefy article so we've also included a video of @ZeMariaMacedo + @YanLiberman discussing the lockdrop + LBA

In this thread, we'll cover the design goals we were trying to achieve and why we settled on this structure is the best way to do so

2/ The goal of any token launch mechanism is to distribute tokens to the protocol’s users and community in a fair, transparent way

There are two main ways projects currently do this:

(1) Giving tokens to users

(2) Selling tokens to the public

Both have flaws
Read 26 tweets
Delphi Digital Profile picture
2 Dec
0/ Jerome Powell’s hawkish comments sent markets for a spin.

In today’s Delphi Daily, we explore the results of Fed Chairman Jerome Powell’s comments, $LUNA ATH, monthly $ETH emissions, and Ethereum DEX trading volume.

For a deeper dive 🧵👇 Image
1/ US equity markets opened higher today, recovering from yesterday’s dip incited by Chairman Powell’s comments.

This doesn’t mean the Fed will stop expanding its balance sheet, but rather implies an acceleration of the rate at which they plan to decrease their monthly purchases Image
2/ $LUNA hit a fresh all-time high yesterday.

LUNA’s circulating supply saw a sharp spike on Nov. 11, caused by an increase in the amount of LUNA to be burned from the community pool over the next two weeks.

Approximately 88.675M LUNA will be burned over this period. Image
Read 10 tweets
Delphi Digital Profile picture
30 Nov
0/ ETH and BNB are weathering the storm.

In today’s Delphi Daily, we examined the price action of the top 10 crypto assets, analyzed options & implied volatility, and looked at recent trading volumes.

For more 🧵👇 Image
1/ When it rains in crypto, it pours. And while $BTC holding up well isn’t a surprise, seeing $BNB and $ETH find strength during these conditions definitely is.

$AVAX, which was the top performer until a few days ago, has taken quite the beating. Image
2/ The DVOL index, which measures implied volatility (IV) on a 30-day forward basis, has actually gone down in recent days.

IV is a measure of market uncertainty; when things get dicey, it tends to rise, and when things look unidirectional, IV usually falls. Image
Read 10 tweets
Delphi Digital Profile picture
26 Nov
0/ Metaverse tokens remain on top.

In today’s Delphi Daily, we examined the recent success of metaverse tokens, recent funding rates, @iearnfinance’s fundamentals, and @convexfinance’s continued dominance.

For a deeper dive 🧵👇
1/ @ConvexFinance continues to dominate the @Curvefinance wars as it owns the largest share of $veCRV among other yield aggregators, growing from 32% in September to 39% today.

Currently, each locked $CVX is in control of ~5.94 veCRV.
2/ @iearnfinance continues to hold itself as the blue-chip yield aggregator, producing a strong revenue stream to the protocol.

$YFI is currently trading at ~9.8x P/E, the lowest it has been since end-June.

At its current pace, its 30D average annualized revenue is ~$118M.
Read 11 tweets
Delphi Digital Profile picture
26 Nov
0/ Over 1 million ETH burned!

In today’s Delphi Daily, we analyzed total $ETH burned since EIP-1559, @bobanetwork’s TVL, $CRO and $AVAX outperforming other L1s, and rate hike expectations increase on Powell’s renomination.

🧵👇
1/ @BobaNetwork is an L2 @OptimismPBC Rollup developed by core contributors of the OMG foundation and based on the open-sourced Optimism codebase.

TVL on Boba Network has grown exponentially since the middle of Nov, coinciding with the start of @OolongSwap’s liquidity mining.
2/ The $CRO token has outperformed other Layer 1 tokens this month, clocking and at an impressive ~344% in the month to date.

The CRO token is Crypto.com’s token and is also used as gas on Crypto.com’s chain, Cronos.
Read 10 tweets
Delphi Digital Profile picture
24 Nov
0/ Which bridge is the most traveled?

In today’s Delphi Daily, we examined which bridges are driving the most capital away from Ethereum, @avalancheavax adoption, and net exchange flow.

For more 🧵👇
1/ AVAX C-Chain adoption has been increasing lately and recently hit 600k daily transactions.

@Avalancheavax’s EVM and @Metamask compatibility, much cheaper fees, and familiar DeFi experiences have been tailwinds for adoption.
2/ As scaling solutions come, we see high bridging activity as funds move away from the expensive Ethereum chain and continue staying there.

Of all the chains, Ronin and @Avalancheavax have seen the highest activity and funds moved.
Read 10 tweets

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