Share this page!

Delphi Digital Profile picture
Twitter logo
8 Dec, 10 tweets, 5 min read
0/ Terra is now the third largest blockchain by TVL.

In today’s Delphi Digital, we analyzed TVL on different L1 blockchains, the p/s of the main DEXs, $UST supply, and @lidofinance benefitting from $LUNA price.

For more 🧵👇
1/ TVL on @Terra_money network overtook @Avalancheavax and @Solana, making it 3rd largest blockchain by TVL.

It’s important to note that TVL numbers are highly reflexive alongside native token prices as they are commonly used as collateral in DeFi and as base pairs for DEXes.
2/ The increase in $UST Supply from under $3b to $7b across mid-November was due to this proposal to mint UST with $LUNA in the community pool to grow the Terra ecosystem through UST usage.

UST did another ~$1b of growth in circulating supply after 19th November.
3/ Another beneficiary of a higher $LUNA price is liquid staking protocol @Lidofinance, whose bLUNA derivative tokens are used as collateral assets on @Anchor_protocol.

Lido currently has ~67.9m of LUNA staked as liquid staking derivatives.
4/ We took a look at how $SUSHI trades relative to its peers.

The Price-to-Sales ratio is used here instead of a Price-to-Earnings ratio as it is more universal.

Interestingly, SUSHI always seems to trade at a cheaper valuation compared to its Ethereum peers.
5/ Tweets of the day!

Reuters on India Legislation to Regulate Crypto

6/ Delphi Labs presents: Angel Protocol’s Token Design

7/ Why Sudoswap?

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

members.delphidigital.io/reports/terras…
9/ Crypto moves fast. Delphi has you covered. Sign up here to get Delphi's free daily newsletter delivered right to your inbox every weekday

delphidigital.io/daily/

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Delphi Digital

Delphi Digital Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Delphi_Digital

Delphi Digital Profile picture
9 Dec
0/ How has the recent volatility affected DeFi lending?

In today’s Delphi Daily, we examined on-chain leverage, stablecoin growth, ZK-rollup’s increased usage, and Ethereum DEX aggregators.

For a deeper dive 🧵👇
1/ Stablecoins grew substantially the past month, with the Top 5 Stablecoin Marketcap growing from $129B to just under $150B.

$USDT and $USDC were responsible for most of the supply growth, with USDC growing by $7.8B and USDT by $6B.
2/ With the ZK-Rollup narrative popping off the past few weeks, we can see that users are moving funds over to projects like @Loopringorg and @zkSync to test it out.

Since the start of Nov, unique users grew by ~85k and deposits grew by ~$74.5M, the fastest pace seen yet.
Read 10 tweets
Delphi Digital Profile picture
6 Dec
0/ What’s happening since Friday’s flash crash?

In today’s Delphi Daily, a full post-mortem on the recent volatility. We examine the data on open interest, bid-ask spreads, and funding rates.

For more 🧵👇
1/ Leveraged longs took a senseless beating over the last week and it was perhaps overdue.

BTC’s open interest on perps/futures fell from just under $30B in late November to just over $15B today.

Sentiment has taken a turn for the worse.
2/ From the November peak to today, $BTC open interest is down a whopping 50%.

Too many leveraged longs and a lack of spot buying is a sign that a market is peaking. When there’s nobody left to buy/long, price momentum to the upside is severely limited.
Read 11 tweets
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 🧵👇
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
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.
Read 10 tweets
Delphi Digital Profile picture
1 Dec
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.
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

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @Delphi_Digital has new unrolls!

Check out other threads from @Delphi_Digital!

Read all threads by @Delphi_Digital

:(